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

Wall Street Zen upgraded shares of Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) from a buy rating to a strong-buy rating in a report released on Sunday morning.

OMAB has been the topic of a number of other reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Friday, January 9th. Zacks Research upgraded shares of Grupo Aeroportuario del Centro Norte from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $106.00.

Grupo Aeroportuario del Centro Norte Stock Performance

OMAB opened at $128.15 on Friday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.14 and a current ratio of 1.14. Grupo Aeroportuario del Centro Norte has a 52-week low of $70.24 and a 52-week high of $130.09. The firm has a market cap of $5.45 billion, a P/E ratio of 22.68, a price-to-earnings-growth ratio of 1.98 and a beta of 0.74. The business’s fifty day moving average is $113.16 and its 200-day moving average is $107.63.

Hedge Funds Weigh In On Grupo Aeroportuario del Centro Norte

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new stake in shares of Grupo Aeroportuario del Centro Norte during the first quarter worth $591,000. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Grupo Aeroportuario del Centro Norte by 3.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,595 shares of the transportation company’s stock valued at $485,000 after acquiring an additional 153 shares in the last quarter. TrueMark Investments LLC bought a new stake in Grupo Aeroportuario del Centro Norte during the 2nd quarter worth $1,059,000. Avidian Wealth Enterprises LLC bought a new stake in Grupo Aeroportuario del Centro Norte during the 2nd quarter worth $213,000. Finally, Ethic Inc. acquired a new position in Grupo Aeroportuario del Centro Norte in the 2nd quarter worth about $223,000. Institutional investors own 9.53% of the company’s stock.

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.