Wall Street Zen Downgrades Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) to Hold

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other research analysts also recently weighed in on OMAB. Zacks Research downgraded Grupo Aeroportuario del Centro Norte from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Friday, January 9th. Finally, HSBC upgraded Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating and increased their price target for the stock from $112.00 to $134.00 in a research note on Thursday, April 16th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $120.00.

Grupo Aeroportuario del Centro Norte Price Performance

OMAB stock opened at $104.92 on Friday. Grupo Aeroportuario del Centro Norte has a 1-year low of $86.62 and a 1-year high of $134.99. The company has a current ratio of 1.32, a quick ratio of 1.14 and a debt-to-equity ratio of 1.04. The stock’s fifty day simple moving average is $114.52 and its two-hundred day simple moving average is $111.56. The stock has a market cap of $4.46 billion, a P/E ratio of 17.55, a P/E/G ratio of 1.08 and a beta of 0.64.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last posted its quarterly earnings results on Monday, April 27th. The transportation company reported $1.41 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.08). The firm had revenue of $213.33 million for the quarter, compared to the consensus estimate of $199.73 million. Grupo Aeroportuario del Centro Norte had a return on equity of 55.19% and a net margin of 32.67%. Analysts expect that Grupo Aeroportuario del Centro Norte will post 7.13 EPS for the current year.

Institutional Trading of Grupo Aeroportuario del Centro Norte

Institutional investors have recently added to or reduced their stakes in the stock. Triumph Capital Management purchased a new stake in Grupo Aeroportuario del Centro Norte during the 3rd quarter worth about $30,000. EverSource Wealth Advisors LLC lifted its holdings in Grupo Aeroportuario del Centro Norte by 288.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the transportation company’s stock worth $39,000 after purchasing an additional 271 shares in the last quarter. Mather Group LLC. purchased a new stake in Grupo Aeroportuario del Centro Norte during the 3rd quarter worth about $42,000. Blue Trust Inc. lifted its holdings in Grupo Aeroportuario del Centro Norte by 34.5% during the 3rd quarter. Blue Trust Inc. now owns 491 shares of the transportation company’s stock worth $51,000 after purchasing an additional 126 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in Grupo Aeroportuario del Centro Norte during the 2nd quarter worth about $56,000. Hedge funds and other institutional investors own 9.53% of the company’s stock.

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.