Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Earns Neutral Rating from Analysts at Citigroup

Equities research analysts at Citigroup initiated coverage on shares of Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) in a report issued on Friday, The Fly reports. The brokerage set a “neutral” rating on the transportation company’s stock.

OMAB has been the subject of several other research reports. Zacks Investment Research downgraded shares of Grupo Aeroportuario del Centro Norte from a “buy” rating to a “hold” rating in a research note on Wednesday, March 10th. UBS Group reaffirmed a “neutral” rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Wednesday, March 17th. Finally, The Goldman Sachs Group decreased their price target on shares of Grupo Aeroportuario del Centro Norte from $50.00 to $49.00 and set a “neutral” rating for the company in a research note on Sunday, April 11th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Grupo Aeroportuario del Centro Norte currently has an average rating of “Hold” and a consensus price target of $49.40.

Shares of NASDAQ:OMAB opened at $53.38 on Friday. Grupo Aeroportuario del Centro Norte has a 1 year low of $32.11 and a 1 year high of $60.53. The company’s 50 day simple moving average is $51.72. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 98.85, a PEG ratio of 7.35 and a beta of 1.49. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.15.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last announced its earnings results on Tuesday, April 27th. The transportation company reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.03. Grupo Aeroportuario del Centro Norte had a return on equity of 5.34% and a net margin of 11.70%. The business had revenue of $72.94 million during the quarter. Analysts expect that Grupo Aeroportuario del Centro Norte will post 2.32 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of the stock. Ameriprise Financial Inc. raised its stake in Grupo Aeroportuario del Centro Norte by 4.6% in the first quarter. Ameriprise Financial Inc. now owns 5,831 shares of the transportation company’s stock worth $294,000 after buying an additional 254 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Grupo Aeroportuario del Centro Norte by 10.6% in the fourth quarter. JPMorgan Chase & Co. now owns 5,217 shares of the transportation company’s stock worth $270,000 after buying an additional 500 shares in the last quarter. Daiwa Securities Group Inc. bought a new position in Grupo Aeroportuario del Centro Norte in the fourth quarter worth approximately $28,000. US Bancorp DE bought a new position in Grupo Aeroportuario del Centro Norte in the first quarter worth approximately $31,000. Finally, Victory Capital Management Inc. raised its stake in Grupo Aeroportuario del Centro Norte by 0.3% in the fourth quarter. Victory Capital Management Inc. now owns 329,752 shares of the transportation company’s stock worth $17,042,000 after buying an additional 861 shares in the last quarter. 10.86% of the stock is owned by institutional investors.

About Grupo Aeroportuario del Centro Norte

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.

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