Grupo Aeroportuario del Centro Nort (OMAB) Lifted to Outperform at Scotiabank

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Scotiabank upgraded shares of Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) from a sector perform rating to an outperform rating in a report issued on Monday morning, The Fly reports.

OMAB has been the subject of several other reports. BidaskClub lowered shares of Grupo Aeroportuario del Centro Nort from a buy rating to a hold rating in a research note on Friday, November 2nd. Zacks Investment Research raised shares of Grupo Aeroportuario del Centro Nort from a hold rating to a buy rating and set a $50.00 target price for the company in a research note on Wednesday, February 6th. ValuEngine lowered shares of Grupo Aeroportuario del Centro Nort from a hold rating to a sell rating in a research note on Thursday, November 8th. UBS Group raised shares of Grupo Aeroportuario del Centro Nort from a market perform rating to an outperform rating in a research note on Wednesday, November 7th. Finally, Bank of America raised shares of Grupo Aeroportuario del Centro Nort from an underperform rating to a buy rating in a research note on Friday, December 21st. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $52.67.

Shares of NASDAQ:OMAB opened at $44.03 on Monday. The company has a market capitalization of $1.90 billion, a PE ratio of 20.11, a P/E/G ratio of 4.86 and a beta of 0.89. Grupo Aeroportuario del Centro Nort has a twelve month low of $33.39 and a twelve month high of $58.10. The company has a quick ratio of 2.63, a current ratio of 2.63 and a debt-to-equity ratio of 0.59.

Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) last issued its quarterly earnings results on Monday, February 11th. The transportation company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.11. Grupo Aeroportuario del Centro Nort had a net margin of 34.22% and a return on equity of 36.15%. The company had revenue of $102.05 million during the quarter. Equities analysts forecast that Grupo Aeroportuario del Centro Nort will post 2.91 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Aptus Capital Advisors LLC acquired a new stake in Grupo Aeroportuario del Centro Nort during the fourth quarter valued at approximately $257,000. Great West Life Assurance Co. Can raised its holdings in shares of Grupo Aeroportuario del Centro Nort by 1,253.4% during the fourth quarter. Great West Life Assurance Co. Can now owns 17,432 shares of the transportation company’s stock valued at $639,000 after acquiring an additional 16,144 shares during the period. Northern Trust Corp raised its holdings in shares of Grupo Aeroportuario del Centro Nort by 71.6% during the fourth quarter. Northern Trust Corp now owns 37,136 shares of the transportation company’s stock valued at $1,412,000 after acquiring an additional 15,498 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in shares of Grupo Aeroportuario del Centro Nort by 639.4% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,024 shares of the transportation company’s stock valued at $115,000 after acquiring an additional 2,615 shares during the period. Finally, Highstreet Asset Management Inc. raised its holdings in shares of Grupo Aeroportuario del Centro Nort by 8.0% during the fourth quarter. Highstreet Asset Management Inc. now owns 29,566 shares of the transportation company’s stock valued at $1,124,000 after acquiring an additional 2,178 shares during the period. 12.37% of the stock is owned by institutional investors and hedge funds.

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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