Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Stock Rating Upgraded by Wall Street Zen

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Saturday.

A number of other analysts also recently issued reports on the company. Zacks Research upgraded Grupo Aeroportuario del Centro Norte from a “strong sell” rating to a “hold” rating in a research report on Friday, November 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a research report on Tuesday, October 14th. Finally, Citigroup restated a “hold” rating on shares of Grupo Aeroportuario del Centro Norte in a report on Wednesday, September 10th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $102.50.

Grupo Aeroportuario del Centro Norte Trading Down 1.1%

Shares of NASDAQ OMAB opened at $101.76 on Friday. Grupo Aeroportuario del Centro Norte has a 1-year low of $67.61 and a 1-year high of $116.25. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.14 and a quick ratio of 1.14. The business’s 50 day moving average is $103.40 and its two-hundred day moving average is $104.73. The stock has a market capitalization of $4.33 billion, a P/E ratio of 18.01, a PEG ratio of 2.89 and a beta of 0.78.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in OMAB. AGF Management Ltd. purchased a new stake in Grupo Aeroportuario del Centro Norte in the 2nd quarter valued at about $872,000. Militia Capital Partners LP raised its stake in shares of Grupo Aeroportuario del Centro Norte by 18.2% during the first quarter. Militia Capital Partners LP now owns 48,652 shares of the transportation company’s stock valued at $3,826,000 after acquiring an additional 7,500 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Grupo Aeroportuario del Centro Norte by 133.5% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,443 shares of the transportation company’s stock valued at $152,000 after purchasing an additional 825 shares during the period. Advisors Capital Management LLC boosted its holdings in shares of Grupo Aeroportuario del Centro Norte by 9.6% in the second quarter. Advisors Capital Management LLC now owns 33,043 shares of the transportation company’s stock valued at $3,486,000 after purchasing an additional 2,902 shares during the period. Finally, TrueMark Investments LLC bought a new position in Grupo Aeroportuario del Centro Norte in the second quarter worth approximately $1,059,000. 9.53% of the stock is currently owned by 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.