Scotiabank Upgrades Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) to “Sector Perform”

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) was upgraded by stock analysts at Scotiabank from a “sector underperform” rating to a “sector perform” rating in a research note issued on Wednesday, Marketbeat reports.

Other equities analysts also recently issued reports about the stock. StockNews.com downgraded shares of Grupo Aeroportuario del Centro Norte from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. Morgan Stanley upgraded shares of Grupo Aeroportuario del Centro Norte from an “equal weight” rating to an “overweight” rating and cut their price objective for the company from $82.00 to $77.00 in a report on Friday, September 6th.

Grupo Aeroportuario del Centro Norte Trading Down 1.8 %

OMAB stock opened at $69.22 on Wednesday. Grupo Aeroportuario del Centro Norte has a 12-month low of $50.23 and a 12-month high of $95.85. The business’s 50-day moving average is $66.70 and its 200 day moving average is $73.31. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.35. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 3.92 and a beta of 1.32.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last issued its quarterly earnings results on Thursday, July 25th. The transportation company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.24 by $0.21. Grupo Aeroportuario del Centro Norte had a return on equity of 53.36% and a net margin of 35.08%. The firm had revenue of $203.24 million during the quarter. On average, sell-side analysts anticipate that Grupo Aeroportuario del Centro Norte will post 6.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC increased its position in Grupo Aeroportuario del Centro Norte by 726.8% during the fourth quarter. Parallel Advisors LLC now owns 339 shares of the transportation company’s stock worth $29,000 after purchasing an additional 298 shares during the last quarter. Maryland State Retirement & Pension System increased its holdings in shares of Grupo Aeroportuario del Centro Norte by 0.7% during the 1st quarter. Maryland State Retirement & Pension System now owns 41,445 shares of the transportation company’s stock worth $3,133,000 after buying an additional 299 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of Grupo Aeroportuario del Centro Norte by 8.9% during the 1st quarter. Advisors Asset Management Inc. now owns 4,146 shares of the transportation company’s stock valued at $328,000 after buying an additional 340 shares during the period. Mather Group LLC. acquired a new position in Grupo Aeroportuario del Centro Norte in the first quarter valued at approximately $34,000. Finally, EverSource Wealth Advisors LLC grew its position in Grupo Aeroportuario del Centro Norte by 900.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 470 shares of the transportation company’s stock worth $40,000 after acquiring an additional 423 shares during the period. Hedge funds and other institutional investors own 9.53% of the company’s stock.

Grupo Aeroportuario del Centro Norte Company Profile

Grupo Aeroportuario del Centro Norte, SAB. de C.V., together with its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico. The company operates 13 international airports in Monterrey, Acapulco, Mazatlán, Zihuatanejo, Ciudad Juárez, Reynosa, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, and Zacatecas cities.