Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Stock Rating Cut to Strong Sell at Zacks Research

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Thursday, Zacks reports.

Several other equities analysts have also recently commented on OMAB. JPMorgan Chase & Co. raised shares of Grupo Aeroportuario del Centro Norte from an “underweight” rating to a “neutral” rating in a research note on Wednesday, July 22nd. Weiss Ratings upgraded shares of Grupo Aeroportuario del Centro Norte from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 28th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $134.00.

Grupo Aeroportuario del Centro Norte Stock Up 0.1%

Shares of NASDAQ:OMAB opened at $98.52 on Thursday. The stock’s fifty day simple moving average is $97.87 and its 200-day simple moving average is $104.31. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $4.19 billion, a P/E ratio of 15.76, a P/E/G ratio of 1.94 and a beta of 0.61. Grupo Aeroportuario del Centro Norte has a 52-week low of $87.31 and a 52-week high of $134.99.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last announced its quarterly earnings results on Wednesday, July 1st. The transportation company reported $1.74 earnings per share (EPS) for the quarter. The company had revenue of $255.27 million during the quarter. Grupo Aeroportuario del Centro Norte had a return on equity of 49.50% and a net margin of 33.17%. As a group, equities research analysts forecast that Grupo Aeroportuario del Centro Norte will post 6.82 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Grupo Aeroportuario del Centro Norte

Several large investors have recently modified their holdings of the stock. QRG Capital Management Inc. raised its position in shares of Grupo Aeroportuario del Centro Norte by 15.8% during the second quarter. QRG Capital Management Inc. now owns 2,764 shares of the transportation company’s stock worth $313,000 after purchasing an additional 378 shares during the period. Novem Group raised its holdings in Grupo Aeroportuario del Centro Norte by 4.9% during the 3rd quarter. Novem Group now owns 10,183 shares of the transportation company’s stock worth $984,000 after buying an additional 476 shares during the period. Ritholtz Wealth Management lifted its stake in Grupo Aeroportuario del Centro Norte by 5.6% during the first quarter. Ritholtz Wealth Management now owns 13,746 shares of the transportation company’s stock valued at $1,577,000 after buying an additional 734 shares in the last quarter. Squarepoint Ops LLC lifted its stake in Grupo Aeroportuario del Centro Norte by 44.4% during the second quarter. Squarepoint Ops LLC now owns 3,425 shares of the transportation company’s stock valued at $387,000 after buying an additional 1,053 shares in the last quarter. Finally, Opal Capital LLC boosted its holdings in shares of Grupo Aeroportuario del Centro Norte by 14.1% in the first quarter. Opal Capital LLC now owns 15,136 shares of the transportation company’s stock worth $1,737,000 after buying an additional 1,870 shares during the period. 9.53% of the stock is owned by institutional investors.

Grupo Aeroportuario del Centro Norte Company Profile

Grupo Aeroportuario del Centro Norte, SAB. de C.V., operating under the OMA brand, is a Mexican airport infrastructure company. It develops, operates and maintains a portfolio of airports serving the central and northern regions of Mexico, including Monterrey International Airport and airports in destinations such as Acapulco, Chihuahua, Ciudad Juárez, Culiacán, Durango, Mazatlán, Reynosa, San Luis Potosí, Tampico, Torreón and Zacatecas.

OMA provides core airport services including passenger processing, aircraft landing and parking facilities, security-related infrastructure, baggage handling areas and cargo facilities.