Grupo Aeroportuario del Centro Nort (OMAB) Lifted to “B-” at TheStreet

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TheStreet upgraded shares of Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) from a c+ rating to a b- rating in a research report sent to investors on Wednesday morning.

A number of other equities research analysts have also recently issued reports on OMAB. BidaskClub upgraded Grupo Aeroportuario del Centro Nort from a hold rating to a buy rating in a research note on Thursday, December 27th. ValuEngine upgraded Grupo Aeroportuario del Centro Nort from a hold rating to a buy rating in a research report on Wednesday, September 12th. Zacks Investment Research downgraded Grupo Aeroportuario del Centro Nort from a strong-buy rating to a hold rating in a report on Thursday, November 1st. HSBC upgraded Grupo Aeroportuario del Centro Nort from a hold rating to a buy rating in a report on Thursday. Finally, UBS Group upgraded Grupo Aeroportuario del Centro Nort from a neutral rating to a buy rating in a report on Monday, January 7th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $55.67.

Shares of NASDAQ OMAB opened at $43.51 on Wednesday. The company has a market capitalization of $1.84 billion, a P/E ratio of 19.87, a price-to-earnings-growth ratio of 4.79 and a beta of 0.81. Grupo Aeroportuario del Centro Nort has a 1 year low of $33.39 and a 1 year high of $58.10. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.63 and a quick ratio of 2.63.

Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) last released its quarterly earnings results on Wednesday, October 24th. The transportation company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.13. The firm had revenue of $103.76 million during the quarter. Grupo Aeroportuario del Centro Nort had a net margin of 34.22% and a return on equity of 36.15%. Analysts forecast that Grupo Aeroportuario del Centro Nort will post 2.91 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the business. Eagle Asset Management Inc. purchased a new stake in shares of Grupo Aeroportuario del Centro Nort in the third quarter worth about $298,000. Brookstone Capital Management purchased a new position in Grupo Aeroportuario del Centro Nort in the third quarter worth approximately $328,000. Northern Trust Corp grew its position 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 worth $523,000 after acquiring an additional 5,257 shares during the period. Highstreet Asset Management Inc. grew its position in Grupo Aeroportuario del Centro Nort by 21.4% in the third quarter. Highstreet Asset Management Inc. now owns 27,388 shares of the transportation company’s stock worth $1,560,000 after acquiring an additional 4,830 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Grupo Aeroportuario del Centro Nort during the second quarter worth $1,672,000. Institutional investors and hedge funds own 12.52% of the company’s stock.

About Grupo Aeroportuario del Centro Nort

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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Analyst Recommendations for Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB)

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