Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Upgraded to “Neutral” at Bank of America

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) was upgraded by investment analysts at Bank of America from an “underperform” rating to a “neutral” rating in a research note issued on Monday,Finviz reports.

OMAB has been the subject of a number of other reports. The Goldman Sachs Group increased their target price on Grupo Aeroportuario del Centro Norte from $89.00 to $106.00 and gave the stock a “buy” rating in a report on Friday. Jefferies Financial Group increased their target price on Grupo Aeroportuario del Centro Norte from $94.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Grupo Aeroportuario del Centro Norte has a consensus rating of “Moderate Buy” and an average target price of $88.38.

Grupo Aeroportuario del Centro Norte Stock Performance

Shares of NASDAQ OMAB opened at $100.62 on Monday. Grupo Aeroportuario del Centro Norte has a one year low of $59.08 and a one year high of $101.85. The business’s 50-day moving average price is $84.26 and its two-hundred day moving average price is $76.71. The company has a market capitalization of $4.28 billion, a P/E ratio of 17.75 and a beta of 0.90. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.08 and a quick ratio of 1.08.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last posted its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.02. Grupo Aeroportuario del Centro Norte had a return on equity of 51.74% and a net margin of 35.31%. The business had revenue of $174.65 million during the quarter, compared to analysts’ expectations of $3.58 billion. Analysts anticipate that Grupo Aeroportuario del Centro Norte will post 5.53 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Grupo Aeroportuario del Centro Norte

A number of hedge funds and other institutional investors have recently bought and sold shares of OMAB. Barclays PLC acquired a new stake in Grupo Aeroportuario del Centro Norte in the 3rd quarter valued at approximately $72,000. SG Americas Securities LLC acquired a new stake in Grupo Aeroportuario del Centro Norte in the 4th quarter valued at approximately $116,000. Fifth Third Bancorp acquired a new stake in Grupo Aeroportuario del Centro Norte in the 4th quarter valued at approximately $48,000. Blue Trust Inc. raised its position in Grupo Aeroportuario del Centro Norte by 58.9% in the 4th quarter. Blue Trust Inc. now owns 4,442 shares of the transportation company’s stock valued at $301,000 after buying an additional 1,647 shares during the last quarter. Finally, Hunter Perkins Capital Management LLC raised its position in Grupo Aeroportuario del Centro Norte by 14.7% in the 4th quarter. Hunter Perkins Capital Management LLC now owns 20,070 shares of the transportation company’s stock valued at $1,378,000 after buying an additional 2,570 shares during the last quarter. 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., together with its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico. The company operates 13 international airports in Monterrey, Acapulco, Mazatlán, Zihuatanejo, Ciudad Juárez, Reynosa, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, and Zacatecas cities.