Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

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

Grupo Aeroportuario del Centro Norte Stock Down 1.0%

Shares of NASDAQ:OMAB opened at $104.92 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.32 and a debt-to-equity ratio of 1.04. Grupo Aeroportuario del Centro Norte has a 52-week low of $86.62 and a 52-week high of $134.99. The company has a 50 day moving average of $114.52 and a two-hundred day moving average of $111.50. The company has a market capitalization of $4.46 billion, a price-to-earnings ratio of 17.55, a price-to-earnings-growth ratio of 1.08 and a beta of 0.65.

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

Hedge Funds Weigh In On Grupo Aeroportuario del Centro Norte

Several institutional investors and hedge funds have recently made changes to their positions in the business. Blue Trust Inc. boosted its stake in shares of 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 valued at $51,000 after buying an additional 126 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Grupo Aeroportuario del Centro Norte by 13.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,130 shares of the transportation company’s stock valued at $123,000 after buying an additional 136 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of Grupo Aeroportuario del Centro Norte by 22.3% during the 4th quarter. Fifth Third Bancorp now owns 791 shares of the transportation company’s stock valued at $86,000 after buying an additional 144 shares during the last quarter. Vident Advisory LLC boosted its stake in shares of Grupo Aeroportuario del Centro Norte by 1.6% during the 4th quarter. Vident Advisory LLC now owns 11,809 shares of the transportation company’s stock valued at $1,285,000 after buying an additional 188 shares during the last quarter. Finally, O Brien Greene & Co. Inc boosted its stake in shares of Grupo Aeroportuario del Centro Norte by 3.4% during the 4th quarter. O Brien Greene & Co. Inc now owns 6,147 shares of the transportation company’s stock valued at $669,000 after buying an additional 200 shares during the last quarter. 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.