Grupo Aeroportuario del Centro Nort (OMAB) Downgraded by HSBC to “Hold”

HSBC cut shares of Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) from a buy rating to a hold rating in a report released on Monday, The Fly reports.

A number of other brokerages have also recently commented on OMAB. BidaskClub raised Grupo Aeroportuario del Centro Nort from a hold rating to a buy rating in a research note on Tuesday, July 10th. Santander cut Grupo Aeroportuario del Centro Nort from a buy rating to a hold rating in a research note on Tuesday, September 18th. UBS Group cut Grupo Aeroportuario del Centro Nort from an outperform rating to a market perform rating in a research note on Wednesday, June 13th. Bank of America began coverage on Grupo Aeroportuario del Centro Nort in a research note on Tuesday, August 28th. They issued a buy rating and a $58.00 target price for the company. Finally, Zacks Investment Research raised Grupo Aeroportuario del Centro Nort from a hold rating to a buy rating and set a $60.00 target price for the company in a research note on Wednesday, September 19th. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Buy and an average price target of $59.00.

Shares of Grupo Aeroportuario del Centro Nort stock opened at $53.43 on Monday. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 0.66. Grupo Aeroportuario del Centro Nort has a 12 month low of $37.45 and a 12 month high of $58.10. The firm has a market cap of $2.45 billion, a P/E ratio of 24.40, a P/E/G ratio of 6.94 and a beta of 0.71.

Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) last announced its quarterly earnings data on Wednesday, July 18th. The transportation company reported $0.74 EPS for the quarter. Grupo Aeroportuario del Centro Nort had a return on equity of 35.46% and a net margin of 32.68%. The business had revenue of $102.76 million during the quarter. As a group, equities research analysts anticipate that Grupo Aeroportuario del Centro Nort will post 2.74 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the business. Citigroup Inc. grew its stake in Grupo Aeroportuario del Centro Nort by 110.8% in the first quarter. Citigroup Inc. now owns 4,004 shares of the transportation company’s stock valued at $158,000 after acquiring an additional 2,105 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in Grupo Aeroportuario del Centro Nort in the first quarter valued at about $200,000. UBS Group AG grew its stake in Grupo Aeroportuario del Centro Nort by 552.4% in the first quarter. UBS Group AG now owns 9,225 shares of the transportation company’s stock valued at $364,000 after acquiring an additional 7,811 shares during the period. Northern Trust Corp grew its stake in Grupo Aeroportuario del Centro Nort by 72.0% in the second quarter. Northern Trust Corp now owns 12,560 shares of the transportation company’s stock valued at $523,000 after acquiring an additional 5,257 shares during the period. Finally, Jane Street Group LLC acquired a new position in Grupo Aeroportuario del Centro Nort in the first quarter valued at about $618,000. 15.27% of the stock is owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Centro Nort Company Profile

Grupo Aeroportuario del Centro Norte, S. A. B. de C. V., through its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico. The company operates 13 international airports in Monterrey, Acapulco, Mazatlán, Zihuatanejo, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, Zacatecas, Ciudad Juárez, and Reynosa cities.

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