Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) Stock Rating Lowered by BidaskClub

Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, BidAskClub reports.

Several other brokerages have also recently commented on OMAB. Zacks Investment Research cut shares of Grupo Aeroportuario del Centro Nort from a “buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. raised shares of Grupo Aeroportuario del Centro Nort from a “neutral” rating to an “overweight” rating in a research report on Tuesday, October 29th. UBS Group raised shares of Grupo Aeroportuario del Centro Nort from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 24th. Finally, ValuEngine cut shares of Grupo Aeroportuario del Centro Nort from a “sell” rating to a “strong sell” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. Grupo Aeroportuario del Centro Nort presently has a consensus rating of “Buy” and an average price target of $55.00.

Shares of OMAB stock opened at $52.42 on Tuesday. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 0.51. Grupo Aeroportuario del Centro Nort has a 52 week low of $33.62 and a 52 week high of $56.47. The stock has a market capitalization of $2.58 billion, a PE ratio of 17.77, a P/E/G ratio of 5.18 and a beta of 0.79. The firm has a 50 day moving average of $53.89 and a two-hundred day moving average of $49.95.

Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) last issued its quarterly earnings results on Thursday, October 17th. The transportation company reported $0.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.07. Grupo Aeroportuario del Centro Nort had a net margin of 39.59% and a return on equity of 36.93%. The company had revenue of $110.93 million during the quarter. Analysts expect that Grupo Aeroportuario del Centro Nort will post 3.43 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. Quantamental Technologies LLC lifted its position in shares of Grupo Aeroportuario del Centro Nort by 58.5% during the 2nd quarter. Quantamental Technologies LLC now owns 653 shares of the transportation company’s stock worth $32,000 after purchasing an additional 241 shares during the last quarter. Barclays PLC lifted its position in shares of Grupo Aeroportuario del Centro Nort by 45.0% during the 3rd quarter. Barclays PLC now owns 1,742 shares of the transportation company’s stock worth $83,000 after purchasing an additional 541 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Grupo Aeroportuario del Centro Nort by 5.6% during the 3rd quarter. SG Americas Securities LLC now owns 3,818 shares of the transportation company’s stock worth $182,000 after purchasing an additional 204 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Grupo Aeroportuario del Centro Nort during the 3rd quarter worth $224,000. Finally, Stevens Capital Management LP purchased a new stake in shares of Grupo Aeroportuario del Centro Nort during the 2nd quarter worth $252,000. 9.53% of the stock is owned by institutional investors and hedge funds.

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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