Zacks Investment Research Lowers Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) to Sell

Grupo Aeroportuario del Centro Norte (NASDAQ:OMABGet Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “sell” rating in a report released on Wednesday, Zacks.com reports.

According to Zacks, “OMA operates and manages 13 international airports in the north and central regions of Mexico. OMA’s airports serve Monterrey, México’s third largest metropolitan area, the tourist destinations of Acapulco, Mazatlan, and Zihuatanejo, and nine other regional centers and border cities. OMA’s airports fulfill international safety norms and have received environmental compliance certificates. Their corporate name is Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., and they serve their passengers, their airlines, and their business partners under the commercial name OMA. “

OMAB has been the subject of a number of other reports. The Goldman Sachs Group reduced their price objective on shares of Grupo Aeroportuario del Centro Norte from $65.00 to $58.00 and set a “buy” rating for the company in a research note on Tuesday, January 11th. UBS Group upgraded shares of Grupo Aeroportuario del Centro Norte from a “neutral” rating to a “buy” rating in a research note on Friday, January 28th. Bradesco Corretora upgraded shares of Grupo Aeroportuario del Centro Norte to a “buy” rating and set a $65.00 price objective for the company in a research note on Tuesday, February 8th. Finally, StockNews.com assumed coverage on shares of Grupo Aeroportuario del Centro Norte in a research note on Thursday, March 31st. They issued a “buy” rating for the company. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $59.75.

Shares of NASDAQ OMAB opened at $57.05 on Wednesday. The stock has a market cap of $2.43 billion, a P/E ratio of 19.74, a price-to-earnings-growth ratio of 5.19 and a beta of 1.39. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.59 and a quick ratio of 3.39. Grupo Aeroportuario del Centro Norte has a 1 year low of $44.86 and a 1 year high of $63.06. The firm has a 50-day moving average of $57.60 and a 200 day moving average of $53.79.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMABGet Rating) last released its quarterly earnings data on Tuesday, February 22nd. The transportation company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.30. The business had revenue of $129.21 million during the quarter. Grupo Aeroportuario del Centro Norte had a net margin of 32.72% and a return on equity of 24.36%. Research analysts expect that Grupo Aeroportuario del Centro Norte will post 3.8 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC grew its position in Grupo Aeroportuario del Centro Norte by 10.9% during the third quarter. SG Americas Securities LLC now owns 2,145 shares of the transportation company’s stock valued at $100,000 after buying an additional 211 shares during the period. Envestnet Asset Management Inc. grew its position in Grupo Aeroportuario del Centro Norte by 2.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 11,102 shares of the transportation company’s stock valued at $596,000 after buying an additional 292 shares during the period. O Brien Greene & Co. Inc grew its position in Grupo Aeroportuario del Centro Norte by 5.7% during the third quarter. O Brien Greene & Co. Inc now owns 5,530 shares of the transportation company’s stock valued at $259,000 after buying an additional 300 shares during the period. Bank of America Corp DE grew its position in Grupo Aeroportuario del Centro Norte by 14.1% during the fourth quarter. Bank of America Corp DE now owns 2,643 shares of the transportation company’s stock valued at $142,000 after buying an additional 327 shares during the period. Finally, F3Logic LLC grew its position in Grupo Aeroportuario del Centro Norte by 2.5% during the fourth quarter. F3Logic LLC now owns 15,624 shares of the transportation company’s stock valued at $838,000 after buying an additional 376 shares during the period. Institutional investors own 8.20% of the company’s stock.

Grupo Aeroportuario del Centro Norte Company Profile (Get Rating)

Grupo Aeroportuario del Centro Norte, SAB. de C.V., together with its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico. The company operates 13 international airports in Monterrey, Acapulco, Mazatlán, Zihuatanejo, Ciudad Juárez, Reynosa, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, and Zacatecas cities.

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