Grupo Aeroportuario del Centro Nort (OMAB) Rating Increased to Buy at HSBC

HSBC upgraded shares of Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) from a hold rating to a buy rating in a research note released on Thursday, Marketbeat reports.

OMAB has been the topic of a number of other research reports. BidaskClub raised shares of Grupo Aeroportuario del Centro Nort from a hold rating to a buy rating in a research note on Thursday, December 27th. ValuEngine raised shares of Grupo Aeroportuario del Centro Nort from a hold rating to a buy rating in a research note on Wednesday, September 12th. Zacks Investment Research lowered shares of Grupo Aeroportuario del Centro Nort from a strong-buy rating to a hold rating in a report on Thursday, November 1st. TheStreet lowered shares of Grupo Aeroportuario del Centro Nort from a b rating to a c+ rating in a report on Wednesday, November 28th. Finally, UBS Group raised shares of Grupo Aeroportuario del Centro Nort from a neutral rating to a buy rating in a report on Monday, January 7th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $55.67.

Shares of Grupo Aeroportuario del Centro Nort stock opened at $43.51 on Thursday. Grupo Aeroportuario del Centro Nort has a 12-month low of $33.39 and a 12-month high of $58.10. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.63 and a quick ratio of 2.63. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 19.87, a P/E/G ratio of 4.79 and a beta of 0.81.



Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) last released its quarterly earnings results on Wednesday, October 24th. The transportation company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.65 by $0.13. Grupo Aeroportuario del Centro Nort had a net margin of 34.22% and a return on equity of 36.15%. The business had revenue of $103.76 million for the quarter. As a group, sell-side analysts predict that Grupo Aeroportuario del Centro Nort will post 2.91 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. grew its holdings in shares of Grupo Aeroportuario del Centro Nort by 5.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 74,637 shares of the transportation company’s stock worth $3,109,000 after purchasing an additional 3,812 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Grupo Aeroportuario del Centro Nort by 41.7% in the 2nd quarter. BlackRock Inc. now owns 692,592 shares of the transportation company’s stock worth $28,847,000 after purchasing an additional 203,826 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Grupo Aeroportuario del Centro Nort by 1.9% in the 2nd quarter. Renaissance Technologies LLC now owns 517,000 shares of the transportation company’s stock worth $21,533,000 after purchasing an additional 9,800 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Grupo Aeroportuario del Centro Nort in the 2nd quarter worth about $1,672,000. Finally, Northern Trust Corp grew its holdings in shares of Grupo Aeroportuario del Centro Nort by 72.0% in the 2nd quarter. Northern Trust Corp now owns 12,560 shares of the transportation company’s stock worth $523,000 after purchasing an additional 5,257 shares during the last quarter. Hedge funds and other institutional investors own 12.52% of the company’s stock.

About Grupo Aeroportuario del Centro Nort

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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