Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Downgraded to Hold Rating by Zacks Research

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

Other analysts have also recently issued research reports about the company. Wall Street Zen upgraded Grupo Aeroportuario del Centro Norte from a “buy” rating to a “strong-buy” rating in a report on Sunday, February 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $106.00.

Grupo Aeroportuario del Centro Norte Trading Down 0.4%

OMAB stock opened at $125.82 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.17. The company has a market cap of $5.35 billion, a price-to-earnings ratio of 21.43, a PEG ratio of 1.49 and a beta of 0.74. The business has a fifty day simple moving average of $117.49 and a 200-day simple moving average of $109.05. Grupo Aeroportuario del Centro Norte has a 52 week low of $70.24 and a 52 week high of $134.99.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last issued its earnings results on Tuesday, February 24th. The transportation company reported $1.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.25). The firm had revenue of $239.14 million during the quarter, compared to analyst estimates of $241.63 million. Grupo Aeroportuario del Centro Norte had a net margin of 33.46% and a return on equity of 54.36%. On average, equities research analysts expect that Grupo Aeroportuario del Centro Norte will post 5.53 EPS for the current year.

Institutional Trading of Grupo Aeroportuario del Centro Norte

Several large investors have recently bought and sold shares of OMAB. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Grupo Aeroportuario del Centro Norte by 0.5% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 22,072 shares of the transportation company’s stock worth $2,329,000 after purchasing an additional 115 shares in the last quarter. Blue Trust Inc. grew its holdings in Grupo Aeroportuario del Centro Norte by 34.5% during the 3rd quarter. Blue Trust Inc. now owns 491 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 126 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Grupo Aeroportuario del Centro Norte by 13.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,130 shares of the transportation company’s stock worth $123,000 after buying an additional 136 shares during the period. Fifth Third Bancorp lifted its holdings in Grupo Aeroportuario del Centro Norte by 22.3% in the 4th quarter. Fifth Third Bancorp now owns 791 shares of the transportation company’s stock worth $86,000 after buying an additional 144 shares in the last quarter. Finally, Vident Advisory LLC boosted its position in Grupo Aeroportuario del Centro Norte by 1.6% in the 4th quarter. Vident Advisory LLC now owns 11,809 shares of the transportation company’s stock valued at $1,285,000 after buying an additional 188 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. (OMAB) is a Mexican airport operator that develops, manages and operates airports under long‐term concessions granted by the Federal Government of Mexico. The company’s core business covers all aspects of airport operations, including passenger processing, airfield services, security, ground handling, cargo handling and commercial activities such as retail, food and beverage, and parking.

OMA currently holds concession contracts for 13 airports in central and northern Mexico, serving key markets such as Monterrey, Ciudad Juárez, Culiacán, Hermosillo and Torreón.