Grupo Aeroportuario del Centro Nort (OMAB) Upgraded by BidaskClub to Buy

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BidaskClub upgraded shares of Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) from a hold rating to a buy rating in a report published on Friday, BidAskClub reports.

OMAB has been the topic of a number of other reports. UBS Group upgraded shares of Grupo Aeroportuario del Centro Nort from a neutral rating to a buy rating in a report on Monday, January 7th. Scotiabank upgraded shares of Grupo Aeroportuario del Centro Nort from a sector perform rating to an outperform rating in a report on Monday, February 11th. Zacks Investment Research downgraded shares of Grupo Aeroportuario del Centro Nort from a buy rating to a hold rating in a report on Thursday, January 24th. Bank of America upgraded shares of Grupo Aeroportuario del Centro Nort from an underperform rating to a buy rating in a report on Friday, December 21st. Finally, ValuEngine upgraded shares of Grupo Aeroportuario del Centro Nort from a sell rating to a hold rating in a report on Friday, December 21st. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $52.67.

OMAB stock opened at $48.94 on Friday. Grupo Aeroportuario del Centro Nort has a 52 week low of $33.39 and a 52 week high of $58.10. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of 16.59, a P/E/G ratio of 4.92 and a beta of 0.92. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.63 and a current ratio of 3.27.

Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) last released its earnings results on Monday, February 11th. The transportation company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.11. Grupo Aeroportuario del Centro Nort had a net margin of 36.06% and a return on equity of 36.51%. The business had revenue of $102.05 million for the quarter. On average, research analysts expect that Grupo Aeroportuario del Centro Nort will post 3.31 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in shares of Grupo Aeroportuario del Centro Nort by 22.5% during the third quarter. BlackRock Inc. now owns 848,565 shares of the transportation company’s stock valued at $48,327,000 after acquiring an additional 155,973 shares during the period. Deutsche Bank AG raised its holdings in shares of Grupo Aeroportuario del Centro Nort by 125.7% during the fourth quarter. Deutsche Bank AG now owns 150,771 shares of the transportation company’s stock valued at $5,731,000 after acquiring an additional 83,956 shares during the period. Smith Asset Management Group LP raised its holdings in shares of Grupo Aeroportuario del Centro Nort by 130.3% during the fourth quarter. Smith Asset Management Group LP now owns 63,250 shares of the transportation company’s stock valued at $2,405,000 after acquiring an additional 35,790 shares during the period. Jane Street Group LLC acquired a new stake in shares of Grupo Aeroportuario del Centro Nort during the fourth quarter valued at approximately $1,234,000. Finally, SPX Equities Gestao de Recursos Ltda acquired a new stake in shares of Grupo Aeroportuario del Centro Nort during the first quarter valued at approximately $1,055,000. Institutional investors and hedge funds own 13.24% of the company’s stock.

Grupo Aeroportuario del Centro Nort Company Profile

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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Analyst Recommendations for Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB)

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