Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Raised to “Buy” at Citigroup

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) was upgraded by investment analysts at Citigroup from a “neutral” rating to a “buy” rating in a research note issued on Friday, Marketbeat Ratings reports.

Several other equities analysts have also commented on the company. Weiss Ratings lowered Grupo Aeroportuario del Centro Norte from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 1st. HSBC upgraded Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating and lifted their price target for the company from $112.00 to $134.00 in a report on Thursday, April 16th. Zacks Research downgraded shares of Grupo Aeroportuario del Centro Norte from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 25th. Finally, Wall Street Zen lowered shares of Grupo Aeroportuario del Centro Norte from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $120.00.

Grupo Aeroportuario del Centro Norte Stock Up 0.3%

OMAB stock opened at $106.98 on Friday. The stock has a market capitalization of $4.55 billion, a P/E ratio of 17.89, a PEG ratio of 1.10 and a beta of 0.64. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.14 and a current ratio of 1.12. Grupo Aeroportuario del Centro Norte has a one year low of $93.03 and a one year high of $134.99. The company has a 50 day moving average price of $113.07 and a two-hundred day moving average price of $111.63.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last issued its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.08). Grupo Aeroportuario del Centro Norte had a return on equity of 49.46% and a net margin of 32.67%.The business had revenue of $213.33 million for the quarter, compared to analysts’ expectations of $199.73 million. As a group, sell-side analysts expect that Grupo Aeroportuario del Centro Norte will post 7.13 EPS for the current year.

Hedge Funds Weigh In On Grupo Aeroportuario del Centro Norte

A number of large investors have recently modified their holdings of the company. Triumph Capital Management acquired a new position in shares of Grupo Aeroportuario del Centro Norte in the 3rd quarter valued at about $30,000. EverSource Wealth Advisors LLC increased its position 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. Quantbot Technologies LP purchased a new position in Grupo Aeroportuario del Centro Norte in the second quarter valued at approximately $56,000. Huntington National Bank raised its holdings in Grupo Aeroportuario del Centro Norte by 575.9% in the third quarter. Huntington National Bank now owns 588 shares of the transportation company’s stock valued at $61,000 after buying an additional 501 shares during the period. Finally, Atlas Capital Advisors Inc. acquired a new position in Grupo Aeroportuario del Centro Norte during the fourth quarter valued at approximately $61,000. 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.