Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Rating Increased to Buy at StockNews.com

Grupo Aeroportuario del Centro Norte (NASDAQ:OMABGet Rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Saturday.

OMAB has been the subject of a number of other research reports. UBS Group upgraded shares of Grupo Aeroportuario del Centro Norte from a “neutral” rating to a “buy” rating in a research report on Friday, January 28th. Zacks Investment Research cut shares of Grupo Aeroportuario del Centro Norte from a “buy” rating to a “sell” rating in a research report on Wednesday, April 27th. 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 report on Tuesday, February 8th. Finally, The Goldman Sachs Group reduced their target price 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. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $59.75.

Shares of Grupo Aeroportuario del Centro Norte stock opened at $55.90 on Friday. The firm has a fifty day moving average of $57.29 and a two-hundred day moving average of $54.15. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 5.02 and a beta of 1.34. Grupo Aeroportuario del Centro Norte has a 52 week low of $44.86 and a 52 week high of $63.06. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.43 and a current ratio of 1.43.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMABGet Rating) last issued its earnings results on Tuesday, February 22nd. The transportation company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.73 by $0.30. The company had revenue of $129.21 million during the quarter. Grupo Aeroportuario del Centro Norte had a net margin of 33.74% and a return on equity of 29.49%. As a group, research analysts forecast that Grupo Aeroportuario del Centro Norte will post 3.8 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Huntington National Bank bought a new stake in shares of Grupo Aeroportuario del Centro Norte during the fourth quarter worth $46,000. Royal Bank of Canada grew its stake in shares of Grupo Aeroportuario del Centro Norte by 162.8% in the second quarter. Royal Bank of Canada now owns 1,025 shares of the transportation company’s stock worth $54,000 after purchasing an additional 635 shares during the last quarter. Salem Investment Counselors Inc. bought a new stake in shares of Grupo Aeroportuario del Centro Norte in the fourth quarter worth $83,000. SG Americas Securities LLC grew its stake in shares of Grupo Aeroportuario del Centro Norte by 10.9% in the third quarter. SG Americas Securities LLC now owns 2,145 shares of the transportation company’s stock worth $100,000 after purchasing an additional 211 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Grupo Aeroportuario del Centro Norte by 14.1% in the fourth quarter. Bank of America Corp DE now owns 2,643 shares of the transportation company’s stock worth $142,000 after purchasing an additional 327 shares during the last quarter. Institutional investors and hedge funds own 8.75% of the company’s stock.

About Grupo Aeroportuario del Centro Norte (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.

See Also

Analyst Recommendations for Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB)

Receive News & Ratings for Grupo Aeroportuario del Centro Norte Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grupo Aeroportuario del Centro Norte and related companies with MarketBeat.com's FREE daily email newsletter.