Grupo Aeroportuario del Centro Nort (OMAB) Rating Lowered to Buy at BidaskClub

BidaskClub cut shares of Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) from a strong-buy rating to a buy rating in a report published on Wednesday morning.

OMAB has been the topic of a number of other reports. HSBC lowered Grupo Aeroportuario del Centro Nort from a buy rating to a hold rating in a research report on Monday, October 8th. Santander lowered Grupo Aeroportuario del Centro Nort from a buy rating to a hold rating in a research report on Tuesday, September 18th. Bank of America initiated coverage on Grupo Aeroportuario del Centro Nort in a research report on Tuesday, August 28th. They issued a buy rating and a $58.00 price objective on the stock. ValuEngine upgraded Grupo Aeroportuario del Centro Nort from a sell rating to a hold rating in a research report on Sunday, July 8th. Finally, Zacks Investment Research upgraded Grupo Aeroportuario del Centro Nort from a hold rating to a buy rating and set a $60.00 price objective on the stock in a research report on Wednesday, September 19th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $59.00.

Shares of OMAB stock traded down $1.04 during trading hours on Wednesday, reaching $48.71. The company’s stock had a trading volume of 98,765 shares, compared to its average volume of 85,282. The firm has a market cap of $2.14 billion, a P/E ratio of 17.58, a P/E/G ratio of 5.88 and a beta of 0.72. Grupo Aeroportuario del Centro Nort has a one year low of $37.45 and a one year high of $58.10. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.27 and a current ratio of 2.27.



Several hedge funds have recently modified their holdings of the company. UBS Group AG boosted its position in shares of Grupo Aeroportuario del Centro Nort by 552.4% during the first quarter. UBS Group AG now owns 9,225 shares of the transportation company’s stock valued at $364,000 after purchasing an additional 7,811 shares in the last quarter. Northern Trust Corp boosted its position in shares of Grupo Aeroportuario del Centro Nort by 72.0% during the second quarter. Northern Trust Corp now owns 12,560 shares of the transportation company’s stock valued at $523,000 after purchasing an additional 5,257 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Grupo Aeroportuario del Centro Nort during the first quarter valued at approximately $618,000. Highstreet Asset Management Inc. bought a new stake in shares of Grupo Aeroportuario del Centro Nort during the second quarter valued at approximately $940,000. Finally, Conning Inc. boosted its position in shares of Grupo Aeroportuario del Centro Nort by 25.9% during the second quarter. Conning Inc. now owns 23,809 shares of the transportation company’s stock valued at $992,000 after purchasing an additional 4,900 shares in the last quarter. Hedge funds and other institutional investors own 15.27% of the company’s stock.

Grupo Aeroportuario del Centro Nort Company Profile

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

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Analyst Recommendations for Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB)

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