BidaskClub upgraded shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) from a buy rating to a strong-buy rating in a report released on Saturday.

Several other equities analysts have also weighed in on OMAB. Zacks Investment Research lowered Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from a buy rating to a hold rating in a report on Wednesday, May 3rd. UBS AG lowered Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from an outperform rating to a market perform rating in a report on Thursday, May 4th. J P Morgan Chase & Co lowered Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from an overweight rating to a neutral rating in a report on Friday, May 12th. Bank of America Corporation raised Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from an underperform rating to a neutral rating in a report on Tuesday, May 16th. Finally, Morgan Stanley lowered Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from an overweight rating to an equal weight rating and cut their price target for the stock from $48.00 to $46.10 in a report on Tuesday, May 30th. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $79.37.

Shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ OMAB) opened at 48.01 on Friday. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a 52-week low of $30.05 and a 52-week high of $52.51. The stock has a 50 day moving average price of $49.93 and a 200 day moving average price of $44.57. The company has a market capitalization of $2.36 billion, a PE ratio of 21.43 and a beta of 0.95.

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) last announced its quarterly earnings data on Thursday, July 20th. The transportation company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.01. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. had a return on equity of 30.38% and a net margin of 30.85%. The business had revenue of $93.71 million during the quarter. On average, analysts predict that Grupo Aeroportuario del Centro Norte S.A.B. de C.V. will post $2.37 earnings per share for the current fiscal year.

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Several institutional investors have recently bought and sold shares of OMAB. Advisors Asset Management Inc. raised its position in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. by 25.0% in the first quarter. Advisors Asset Management Inc. now owns 7,768 shares of the transportation company’s stock worth $335,000 after buying an additional 1,554 shares during the last quarter. Morgan Stanley raised its position in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. by 75.9% in the first quarter. Morgan Stanley now owns 145,345 shares of the transportation company’s stock worth $6,276,000 after buying an additional 62,713 shares during the last quarter. Smith Asset Management Group LP raised its position in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. by 168.1% in the second quarter. Smith Asset Management Group LP now owns 12,560 shares of the transportation company’s stock worth $605,000 after buying an additional 7,875 shares during the last quarter. Aperio Group LLC raised its position in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. by 4.4% in the second quarter. Aperio Group LLC now owns 16,256 shares of the transportation company’s stock worth $783,000 after buying an additional 681 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. during the first quarter worth approximately $334,000. 12.92% of the stock is owned by hedge funds and other institutional investors.

About Grupo Aeroportuario del Centro Norte S.A.B. de C.V.

Grupo Aeroportuario del Centro Norte, SAB. de C.V. is a holding company. The Company, through its subsidiaries, holds concessions to operate, maintain and develop over 10 airports in Mexico. The Company’s segments include Metropolitan, Tourist, Regional, Border, Hotel and Other. The Company also engages in various commercial and diversification activities conducted at its airports, such as the leasing of space to restaurants and retailers, the operation of parking facilities, and the operation of the NH Terminal 2 Hotel and the Hilton Garden Inn Hotel at the Monterrey airport.

Analyst Recommendations for Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB)

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