Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Rating Increased to Buy at Citigroup

Citigroup upgraded shares of Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) from a neutral rating to a buy rating in a research note issued to investors on Friday morning, MarketBeat reports.

Several other research analysts also recently weighed in on the stock. HSBC raised shares of Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating and boosted their target price for the company from $112.00 to $134.00 in a research note on Thursday, April 16th. Wall Street Zen cut shares of Grupo Aeroportuario del Centro Norte from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings lowered shares of Grupo Aeroportuario del Centro Norte from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 1st. Finally, 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. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $120.00.

Grupo Aeroportuario del Centro Norte Stock Up 0.7%

Shares of NASDAQ:OMAB opened at $107.75 on Friday. The firm has a fifty day moving average price of $113.07 and a 200 day moving average price of $111.63. The stock has a market cap of $4.58 billion, a P/E ratio of 18.02, a P/E/G ratio of 1.11 and a beta of 0.64. Grupo Aeroportuario del Centro Norte has a 1-year low of $93.03 and a 1-year high of $134.99. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.12 and a quick ratio of 1.14.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last posted its earnings results on Tuesday, April 28th. The transportation company reported $1.41 earnings per share (EPS) 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 company had revenue of $213.33 million during the quarter, compared to analysts’ expectations of $199.73 million. Sell-side analysts predict that Grupo Aeroportuario del Centro Norte will post 7.13 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC purchased a new position in shares of Grupo Aeroportuario del Centro Norte during the 1st quarter worth about $591,000. Quantbot Technologies LP purchased a new stake in Grupo Aeroportuario del Centro Norte in the second quarter valued at approximately $56,000. EverSource Wealth Advisors LLC increased its position in Grupo Aeroportuario del Centro Norte by 288.3% during the second quarter. EverSource Wealth Advisors LLC now owns 365 shares of the transportation company’s stock worth $39,000 after purchasing an additional 271 shares during the last quarter. First Trust Advisors LP purchased a new position in Grupo Aeroportuario del Centro Norte during the second quarter worth approximately $208,000. Finally, Amundi raised its stake in Grupo Aeroportuario del Centro Norte by 34.6% during the second quarter. Amundi now owns 1,870 shares of the transportation company’s stock worth $203,000 after purchasing an additional 481 shares during the period. Institutional investors and hedge funds 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.