Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Stock Rating Lowered by Zacks Research

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

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

Grupo Aeroportuario del Centro Norte Price Performance

OMAB stock opened at $125.82 on Wednesday. The stock’s 50 day moving average is $117.49 and its two-hundred day moving average is $109.05. Grupo Aeroportuario del Centro Norte has a 52-week low of $70.24 and a 52-week high of $134.99. The company has a market capitalization of $5.35 billion, a PE ratio of 21.43, a P/E/G ratio of 1.49 and a beta of 0.74. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.17.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last released its quarterly 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 company had revenue of $239.14 million for the quarter, compared to analyst estimates of $241.63 million. Grupo Aeroportuario del Centro Norte had a return on equity of 54.36% and a net margin of 33.46%. Analysts predict that Grupo Aeroportuario del Centro Norte will post 5.53 earnings per share for the current fiscal year.

Institutional Trading of Grupo Aeroportuario del Centro Norte

A number of large investors have recently modified their holdings of the company. AGF Management Ltd. acquired a new position in Grupo Aeroportuario del Centro Norte during the 2nd quarter worth $872,000. Empirical Finance LLC raised its stake in shares of Grupo Aeroportuario del Centro Norte by 73.9% during the second quarter. Empirical Finance LLC now owns 49,941 shares of the transportation company’s stock valued at $5,269,000 after purchasing an additional 21,228 shares in the last quarter. Advisors Capital Management LLC lifted its holdings in Grupo Aeroportuario del Centro Norte by 9.6% in the second quarter. Advisors Capital Management LLC now owns 33,043 shares of the transportation company’s stock worth $3,486,000 after purchasing an additional 2,902 shares during the period. American Century Companies Inc. grew its position in Grupo Aeroportuario del Centro Norte by 18.4% in the 2nd quarter. American Century Companies Inc. now owns 115,744 shares of the transportation company’s stock valued at $12,211,000 after buying an additional 18,028 shares in the last quarter. Finally, Caprock Group LLC bought a new position in Grupo Aeroportuario del Centro Norte in the 3rd quarter valued at about $776,000. 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.