Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Rating Increased to Strong-Buy at Wall Street Zen

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

Several other research analysts also recently commented on the stock. Zacks Research raised shares of Grupo Aeroportuario del Centro Norte from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $106.00.

Grupo Aeroportuario del Centro Norte Stock Up 1.8%

Shares of NASDAQ:OMAB opened at $128.15 on Friday. Grupo Aeroportuario del Centro Norte has a 1 year low of $70.24 and a 1 year high of $130.09. The business has a fifty day moving average price of $113.16 and a two-hundred day moving average price of $107.62. 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 company has a market capitalization of $5.45 billion, a PE ratio of 22.68, a price-to-earnings-growth ratio of 1.98 and a beta of 0.74.

Institutional Investors Weigh In On Grupo Aeroportuario del Centro Norte

Several hedge funds have recently made changes to their positions in OMAB. Triumph Capital Management purchased a new position in Grupo Aeroportuario del Centro Norte during the third quarter valued at $30,000. EverSource Wealth Advisors LLC lifted its position 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 valued at $39,000 after acquiring an additional 271 shares during the period. Mather Group LLC. bought a new stake in Grupo Aeroportuario del Centro Norte during the third quarter worth about $42,000. Blue Trust Inc. grew its holdings in Grupo Aeroportuario del Centro Norte by 34.5% in the third quarter. Blue Trust Inc. now owns 491 shares of the transportation company’s stock worth $51,000 after purchasing an additional 126 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in Grupo Aeroportuario del Centro Norte in the second quarter worth about $56,000. 9.53% of the stock is currently owned by institutional investors.

About Grupo Aeroportuario del Centro Norte

Grupo Aeroportuario del Centro Norte, SAB. de C.V. (OMAB) is a Mexican airport operator that develops, manages and operates airports under long‐term concessions granted by the Federal Government of Mexico. The company’s core business covers all aspects of airport operations, including passenger processing, airfield services, security, ground handling, cargo handling and commercial activities such as retail, food and beverage, and parking.

OMA currently holds concession contracts for 13 airports in central and northern Mexico, serving key markets such as Monterrey, Ciudad Juárez, Culiacán, Hermosillo and Torreón.