JPMorgan Chase & Co. Upgrades Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) to Neutral

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) was upgraded by equities researchers at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research report issued on Wednesday, MarketBeat Ratings reports.

A number of other research firms have also recently commented on OMAB. Weiss Ratings cut shares of Grupo Aeroportuario del Centro Norte from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 1st. HSBC raised shares of Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating and increased their price objective for the stock from $112.00 to $134.00 in a research report on Thursday, April 16th. Zacks Research raised shares of Grupo Aeroportuario del Centro Norte from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 25th. Citigroup upgraded Grupo Aeroportuario del Centro Norte from a “neutral” rating to a “buy” rating in a research report on Friday, May 8th. Finally, Wall Street Zen cut Grupo Aeroportuario del Centro Norte from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Grupo Aeroportuario del Centro Norte has a consensus rating of “Hold” and an average target price of $134.00.

Grupo Aeroportuario del Centro Norte Stock Performance

NASDAQ:OMAB opened at $104.23 on Wednesday. The firm has a market capitalization of $4.43 billion, a PE ratio of 17.43, a PEG ratio of 1.35 and a beta of 0.60. The stock’s fifty day moving average is $105.85 and its 200 day moving average is $111.93. Grupo Aeroportuario del Centro Norte has a fifty-two week low of $95.69 and a fifty-two week high of $134.99. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.12 and a current ratio of 1.12.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last posted its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.41 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.08). Grupo Aeroportuario del Centro Norte had a return on equity of 49.46% and a net margin of 32.67%.The firm had revenue of $213.33 million for the quarter, compared to analysts’ expectations of $199.73 million. On average, sell-side analysts anticipate that Grupo Aeroportuario del Centro Norte will post 6.97 earnings per share for the current year.

Institutional Investors Weigh In On Grupo Aeroportuario del Centro Norte

Large investors have recently added to or reduced their stakes in the stock. Triumph Capital Management bought a new position in Grupo Aeroportuario del Centro Norte in the 3rd quarter worth about $30,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Grupo Aeroportuario del Centro Norte by 288.3% in the second quarter. EverSource Wealth Advisors LLC now owns 365 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 271 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Grupo Aeroportuario del Centro Norte in the second quarter valued at approximately $56,000. Atlas Capital Advisors Inc. bought a new position in Grupo Aeroportuario del Centro Norte in the fourth quarter worth approximately $61,000. Finally, Fifth Third Bancorp grew its stake in Grupo Aeroportuario del Centro Norte by 22.3% in the fourth quarter. Fifth Third Bancorp now owns 791 shares of the transportation company’s stock worth $86,000 after purchasing an additional 144 shares in the last quarter. 9.53% of the stock is owned by hedge funds and other institutional investors.

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.