Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Cut to Hold at Zacks Research

Zacks Research downgraded shares of Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) from a strong-buy rating to a hold rating in a research report report published on Wednesday morning,Zacks.com reports.

Other research analysts have also issued reports about the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Friday, January 9th. Wall Street Zen raised shares of Grupo Aeroportuario del Centro Norte from a “buy” rating to a “strong-buy” rating in a research note on Sunday, February 15th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $106.00.

Grupo Aeroportuario del Centro Norte Trading Down 2.9%

NASDAQ OMAB opened at $122.16 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.17. Grupo Aeroportuario del Centro Norte has a twelve month low of $70.24 and a twelve month high of $134.99. The firm has a market capitalization of $5.20 billion, a PE ratio of 20.81, a P/E/G ratio of 1.48 and a beta of 0.74. The stock’s 50 day moving average is $117.78 and its 200 day moving average is $109.17.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last posted its quarterly earnings data on Tuesday, February 24th. The transportation company reported $1.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.25). The firm had revenue of $239.14 million during the quarter, compared to the consensus estimate of $241.63 million. Grupo Aeroportuario del Centro Norte had a return on equity of 54.36% and a net margin of 33.46%. Research analysts forecast that Grupo Aeroportuario del Centro Norte will post 5.53 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of OMAB. AGF Management Ltd. bought a new stake in shares of Grupo Aeroportuario del Centro Norte in the second quarter worth approximately $872,000. Empirical Finance LLC boosted its holdings in Grupo Aeroportuario del Centro Norte by 73.9% in the second quarter. Empirical Finance LLC now owns 49,941 shares of the transportation company’s stock worth $5,269,000 after purchasing an additional 21,228 shares during the last quarter. Advisors Capital Management LLC grew its position in Grupo Aeroportuario del Centro Norte by 9.6% in the 2nd quarter. Advisors Capital Management LLC now owns 33,043 shares of the transportation company’s stock worth $3,486,000 after purchasing an additional 2,902 shares during the period. American Century Companies Inc. raised its stake in Grupo Aeroportuario del Centro Norte by 18.4% during the 2nd quarter. American Century Companies Inc. now owns 115,744 shares of the transportation company’s stock valued at $12,211,000 after buying an additional 18,028 shares during the last quarter. Finally, Caprock Group LLC purchased a new stake in Grupo Aeroportuario del Centro Norte during the 3rd quarter valued at $776,000. 9.53% of the stock is 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.