Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Stock Rating Lowered by Citigroup

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) was downgraded by Citigroup from a “buy” rating to a “neutral” rating in a report released on Friday, MarketBeat.com reports.

Several other analysts also recently weighed in on OMAB. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a report on Monday, October 26th. JPMorgan Chase & Co. raised shares of Grupo Aeroportuario del Centro Norte from an “underweight” rating to a “neutral” rating in a report on Wednesday, July 22nd. Finally, Zacks Research downgraded shares of Grupo Aeroportuario del Centro Norte from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 22nd. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $134.00.

Grupo Aeroportuario del Centro Norte Price Performance

Shares of NASDAQ OMAB opened at $109.67 on Friday. The stock’s 50-day moving average is $98.20 and its two-hundred day moving average is $107.77. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.08 and a quick ratio of 1.08. Grupo Aeroportuario del Centro Norte has a 1-year low of $87.31 and a 1-year high of $134.99. The company has a market cap of $4.67 billion, a price-to-earnings ratio of 17.33, a price-to-earnings-growth ratio of 2.16 and a beta of 0.61.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last issued its quarterly earnings data on Tuesday, October 27th. The transportation company reported $1.78 earnings per share for the quarter, missing the consensus estimate of $1.83 by ($0.05). Grupo Aeroportuario del Centro Norte had a return on equity of 49.38% and a net margin of 31.69%. The company had revenue of $268.96 million for the quarter, compared to analysts’ expectations of $255.11 million. Analysts forecast that Grupo Aeroportuario del Centro Norte will post 6.82 EPS for the current fiscal year.

Hedge Funds Weigh In On Grupo Aeroportuario del Centro Norte

A number of institutional investors have recently modified their holdings of the company. Militia Capital Management LLC purchased a new position in shares of Grupo Aeroportuario del Centro Norte during the 1st quarter worth $9,732,000. Empirical Finance LLC boosted its holdings in shares of Grupo Aeroportuario del Centro Norte by 74.6% during the first quarter. Empirical Finance LLC now owns 168,343 shares of the transportation company’s stock worth $19,314,000 after purchasing an additional 71,924 shares during the last quarter. Empowered Funds LLC grew its position in shares of Grupo Aeroportuario del Centro Norte by 68.1% in the first quarter. Empowered Funds LLC now owns 168,401 shares of the transportation company’s stock valued at $19,321,000 after purchasing an additional 68,212 shares during the period. Sei Investments Co. grew its position in shares of Grupo Aeroportuario del Centro Norte by 208.7% in the first quarter. Sei Investments Co. now owns 28,991 shares of the transportation company’s stock valued at $3,326,000 after purchasing an additional 19,599 shares during the period. Finally, Russell Investments Group Ltd. grew its position in shares of Grupo Aeroportuario del Centro Norte by 3.5% in the third quarter. Russell Investments Group Ltd. now owns 206,356 shares of the transportation company’s stock valued at $19,936,000 after purchasing an additional 6,966 shares during the period. Institutional investors and hedge funds own 9.53% of the company’s stock.

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.