Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Downgraded by Zacks Research to “Strong Sell”

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Wednesday,Zacks.com reports.

OMAB has been the topic of a number of other research reports. Citigroup upgraded shares of Grupo Aeroportuario del Centro Norte from a “neutral” rating to a “buy” rating in a research report on Friday, May 8th. Weiss Ratings cut shares of Grupo Aeroportuario del Centro Norte from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 1st. Wall Street Zen cut shares of Grupo Aeroportuario del Centro Norte from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, HSBC upgraded shares of Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating and upped their price target for the stock from $112.00 to $134.00 in a report on Thursday, April 16th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Grupo Aeroportuario del Centro Norte currently has a consensus rating of “Hold” and a consensus price target of $134.00.

Grupo Aeroportuario del Centro Norte Trading Down 1.4%

OMAB stock opened at $100.72 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.81. Grupo Aeroportuario del Centro Norte has a twelve month low of $95.69 and a twelve month high of $134.99. The stock has a market capitalization of $4.28 billion, a price-to-earnings ratio of 16.84, a price-to-earnings-growth ratio of 1.35 and a beta of 0.64. The firm’s fifty day simple moving average is $110.18 and its two-hundred day simple moving average is $111.87.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last posted its quarterly earnings data 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 net margin of 32.67% and a return on equity of 49.46%. The firm had revenue of $213.33 million for the quarter, compared to the consensus estimate of $199.73 million. As a group, analysts anticipate that Grupo Aeroportuario del Centro Norte will post 6.95 earnings per share for the current year.

Hedge Funds Weigh In On Grupo Aeroportuario del Centro Norte

Several institutional investors have recently bought and sold shares of the business. Opal Capital LLC increased its holdings in Grupo Aeroportuario del Centro Norte by 14.1% during the first quarter. Opal Capital LLC now owns 15,136 shares of the transportation company’s stock valued at $1,737,000 after buying an additional 1,870 shares during the period. Amundi increased its holdings in Grupo Aeroportuario del Centro Norte by 60.0% during the first quarter. Amundi now owns 5,972 shares of the transportation company’s stock valued at $685,000 after buying an additional 2,240 shares during the period. Empowered Funds LLC increased its holdings in Grupo Aeroportuario del Centro Norte by 68.1% during the first quarter. Empowered Funds LLC now owns 168,401 shares of the transportation company’s stock valued at $19,321,000 after buying an additional 68,212 shares during the period. Quantinno Capital Management LP lifted its position in shares of Grupo Aeroportuario del Centro Norte by 60.9% during the first quarter. Quantinno Capital Management LP now owns 12,076 shares of the transportation company’s stock valued at $1,385,000 after buying an additional 4,569 shares during the last quarter. Finally, Empirical Finance LLC lifted its position in shares of Grupo Aeroportuario del Centro Norte by 74.6% during the first quarter. Empirical Finance LLC now owns 168,343 shares of the transportation company’s stock valued at $19,314,000 after buying an additional 71,924 shares during the last quarter. 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.