Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Lowered to “Buy” Rating by Wall Street Zen

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

Other equities research analysts also recently issued reports about the stock. Zacks Research downgraded shares of Grupo Aeroportuario del Centro Norte from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a research report on Friday, January 9th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $106.00.

Grupo Aeroportuario del Centro Norte Trading Down 0.7%

OMAB stock opened at $105.62 on Friday. Grupo Aeroportuario del Centro Norte has a 52 week low of $70.24 and a 52 week high of $134.99. The company has a market capitalization of $4.49 billion, a PE ratio of 17.99, a price-to-earnings-growth ratio of 1.25 and a beta of 0.74. The company’s 50-day simple moving average is $118.02 and its 200 day simple moving average is $109.54. 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 (NASDAQ:OMAB) last issued its quarterly earnings data on Tuesday, February 24th. The transportation company reported $1.40 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.25). The business had revenue of $228.23 million during the quarter, compared to analyst estimates of $241.63 million. Grupo Aeroportuario del Centro Norte had a return on equity of 54.36% and a net margin of 33.46%. As a group, sell-side analysts anticipate that Grupo Aeroportuario del Centro Norte will post 5.53 earnings per share for the current year.

Hedge Funds Weigh In On Grupo Aeroportuario del Centro Norte

Several hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp lifted its holdings in shares of Grupo Aeroportuario del Centro Norte by 3.6% during the 4th quarter. State Street Corp now owns 329,781 shares of the transportation company’s stock worth $35,870,000 after acquiring an additional 11,604 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Grupo Aeroportuario del Centro Norte by 1.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 173,567 shares of the transportation company’s stock valued at $18,028,000 after purchasing an additional 2,134 shares in the last quarter. American Century Companies Inc. lifted its stake in Grupo Aeroportuario del Centro Norte by 18.4% during the second quarter. American Century Companies Inc. now owns 115,744 shares of the transportation company’s stock worth $12,211,000 after purchasing an additional 18,028 shares during the last quarter. AQR Capital Management LLC lifted its stake in Grupo Aeroportuario del Centro Norte by 63.4% during the second quarter. AQR Capital Management LLC now owns 102,050 shares of the transportation company’s stock worth $10,766,000 after purchasing an additional 39,581 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Grupo Aeroportuario del Centro Norte in the 4th quarter valued at $11,038,000. 9.53% of the stock is currently owned by institutional investors and hedge funds.

Grupo Aeroportuario del Centro Norte Company Profile

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.