Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Upgraded by HSBC to Buy Rating

HSBC upgraded shares of Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) from a hold rating to a buy rating in a report published on Thursday, Marketbeat reports. The firm currently has $134.00 price target on the transportation company’s stock, up from their prior price target of $112.00.

Several other equities research analysts have also commented on OMAB. Zacks Research lowered shares of Grupo Aeroportuario del Centro Norte from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 25th. Wall Street Zen lowered shares of Grupo Aeroportuario del Centro Norte from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 14th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Friday, January 9th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $120.00.

Grupo Aeroportuario del Centro Norte Trading Up 0.7%

NASDAQ OMAB opened at $114.56 on Thursday. The firm’s fifty day moving average price is $117.73 and its 200 day moving average price is $110.77. Grupo Aeroportuario del Centro Norte has a 12 month low of $80.75 and a 12 month high of $134.99. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.32 and a quick ratio of 1.14. The company has a market capitalization of $4.87 billion, a price-to-earnings ratio of 19.52, a price-to-earnings-growth ratio of 1.41 and a beta of 0.75.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last announced its quarterly earnings results on Saturday, February 14th. The transportation company reported $1.40 EPS for the quarter. Grupo Aeroportuario del Centro Norte had a net margin of 33.46% and a return on equity of 52.24%. The firm had revenue of $228.23 million for the quarter. On average, sell-side analysts expect that Grupo Aeroportuario del Centro Norte will post 5.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Grupo Aeroportuario del Centro Norte

A number of hedge funds have recently modified their holdings of OMAB. Triumph Capital Management purchased a new position in shares of Grupo Aeroportuario del Centro Norte during the third quarter worth approximately $30,000. EverSource Wealth Advisors LLC grew its position in shares of Grupo Aeroportuario del Centro Norte by 288.3% during the second quarter. EverSource Wealth Advisors LLC now owns 365 shares of the transportation company’s stock worth $39,000 after acquiring an additional 271 shares during the last quarter. Mather Group LLC. purchased a new position in shares of Grupo Aeroportuario del Centro Norte during the third quarter worth approximately $42,000. Blue Trust Inc. grew its position in shares of Grupo Aeroportuario del Centro Norte by 34.5% during the third quarter. Blue Trust Inc. now owns 491 shares of the transportation company’s stock worth $51,000 after acquiring an additional 126 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Grupo Aeroportuario del Centro Norte during the second quarter worth approximately $56,000. 9.53% of the stock is currently owned by hedge funds and other institutional investors.

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.