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

Zacks Research downgraded shares of Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) from a hold rating to a strong sell rating in a report published on Thursday morning,Zacks.com reports.

A number of other research firms also recently issued reports on OMAB. Citigroup reissued a “hold” rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Wednesday, September 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Tuesday, October 14th. Finally, Wall Street Zen raised shares of Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $92.17.

Grupo Aeroportuario del Centro Norte Price Performance

Grupo Aeroportuario del Centro Norte stock opened at $104.43 on Thursday. The company’s 50 day simple moving average is $105.06 and its 200-day simple moving average is $100.66. The company has a market capitalization of $4.44 billion, a price-to-earnings ratio of 19.34, a price-to-earnings-growth ratio of 2.72 and a beta of 0.94. Grupo Aeroportuario del Centro Norte has a 1 year low of $62.06 and a 1 year high of $116.25. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.86 and a current ratio of 0.86.

Institutional Investors Weigh In On Grupo Aeroportuario del Centro Norte

Several large investors have recently added to or reduced their stakes in OMAB. EverSource Wealth Advisors LLC grew its holdings in Grupo Aeroportuario del Centro Norte by 288.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the transportation company’s stock worth $39,000 after acquiring an additional 271 shares in the last quarter. Blue Trust Inc. grew its holdings in Grupo Aeroportuario del Centro Norte by 34.5% during the 3rd quarter. Blue Trust Inc. now owns 491 shares of the transportation company’s stock worth $51,000 after acquiring an additional 126 shares in the last quarter. Quantbot Technologies LP acquired a new position in Grupo Aeroportuario del Centro Norte during the 2nd quarter worth approximately $56,000. US Bancorp DE grew its holdings in Grupo Aeroportuario del Centro Norte by 25.6% during the 1st quarter. US Bancorp DE now owns 761 shares of the transportation company’s stock worth $60,000 after acquiring an additional 155 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in Grupo Aeroportuario del Centro Norte by 306.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 565 shares of the transportation company’s stock worth $60,000 after acquiring an additional 426 shares in the last quarter. 9.53% of the stock is owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Centro Norte Company Profile

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.