Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Stock Rating Cut to “Neutral” at Citigroup

Citigroup cut shares of Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) from a buy rating to a neutral rating in a research note released on Friday, Marketbeat.com reports.

Several other equities analysts also recently commented on OMAB. Zacks Research downgraded Grupo Aeroportuario del Centro Norte from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 22nd. JPMorgan Chase & Co. raised Grupo Aeroportuario del Centro Norte from an “underweight” rating to a “neutral” rating in a research report on Wednesday, July 22nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Monday, October 26th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Grupo Aeroportuario del Centro Norte has an average rating of “Hold” and an average target price of $134.00.

Grupo Aeroportuario del Centro Norte Stock Performance

OMAB traded up $0.61 during trading on Friday, hitting $109.67. 108,269 shares of the company traded hands, compared to its average volume of 132,965. The firm has a market cap of $4.67 billion, a P/E ratio of 17.33, a price-to-earnings-growth ratio of 2.07 and a beta of 0.61. The stock’s fifty day moving average is $98.20 and its 200 day moving average is $107.77. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.22. Grupo Aeroportuario del Centro Norte has a one year low of $87.31 and a one year high of $134.99.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last announced its quarterly earnings data on Tuesday, October 27th. The transportation company reported $1.78 EPS for the quarter, missing the consensus estimate of $1.83 by ($0.05). Grupo Aeroportuario del Centro Norte had a return on equity of 49.38% and a net margin of 31.69%. The company had revenue of $268.96 million during the quarter, compared to the consensus estimate of $255.11 million. As a group, equities analysts predict that Grupo Aeroportuario del Centro Norte will post 6.82 EPS for the current fiscal year.

Hedge Funds Weigh In On Grupo Aeroportuario del Centro Norte

A number of large investors have recently made changes to their positions in OMAB. Russell Investments Group Ltd. lifted its holdings in Grupo Aeroportuario del Centro Norte by 3.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 206,356 shares of the transportation company’s stock worth $19,936,000 after purchasing an additional 6,966 shares in the last quarter. Maryland State Retirement & Pension System boosted its stake in Grupo Aeroportuario del Centro Norte by 4.9% in the 3rd quarter. Maryland State Retirement & Pension System now owns 43,016 shares of the transportation company’s stock worth $4,156,000 after purchasing an additional 2,017 shares during the period. Gen Wealth Partners Inc purchased a new position in Grupo Aeroportuario del Centro Norte during the 3rd quarter valued at about $30,000. Ethic Inc. grew its holdings in Grupo Aeroportuario del Centro Norte by 38.7% during the 3rd quarter. Ethic Inc. now owns 3,363 shares of the transportation company’s stock valued at $325,000 after buying an additional 939 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Grupo Aeroportuario del Centro Norte during the 3rd quarter valued at about $51,000. 9.53% of the stock is owned by institutional investors.

About Grupo Aeroportuario del Centro Norte

Grupo Aeroportuario del Centro Norte, SAB. de C.V., operating under the OMA brand, is a Mexican airport infrastructure company. It develops, operates and maintains a portfolio of airports serving the central and northern regions of Mexico, including Monterrey International Airport and airports in destinations such as Acapulco, Chihuahua, Ciudad Juárez, Culiacán, Durango, Mazatlán, Reynosa, San Luis Potosí, Tampico, Torreón and Zacatecas.

OMA provides core airport services including passenger processing, aircraft landing and parking facilities, security-related infrastructure, baggage handling areas and cargo facilities.