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

BidaskClub upgraded shares of Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) from a buy rating to a strong-buy rating in a research report sent to investors on Saturday, BidAskClub reports.

Other equities research analysts have also issued research reports about the stock. ValuEngine lowered shares of Grupo Aeroportuario del Centro Nort from a buy rating to a hold rating in a report on Friday, June 28th. UBS Group raised shares of Grupo Aeroportuario del Centro Nort from a neutral rating to a buy rating in a report on Tuesday, September 24th. Finally, Zacks Investment Research raised shares of Grupo Aeroportuario del Centro Nort from a hold rating to a strong-buy rating and set a $55.00 target price on the stock in a report on Thursday, October 3rd. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Grupo Aeroportuario del Centro Nort currently has an average rating of Buy and an average target price of $52.00.

OMAB opened at $53.35 on Friday. The firm’s 50-day simple moving average is $48.74 and its 200-day simple moving average is $48.84. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.97 and a current ratio of 2.97. Grupo Aeroportuario del Centro Nort has a twelve month low of $33.39 and a twelve month high of $54.64. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 5.16 and a beta of 0.79.

Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) last posted its earnings results on Wednesday, July 24th. The transportation company reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.05. Grupo Aeroportuario del Centro Nort had a net margin of 39.59% and a return on equity of 37.31%. The business had revenue of $113.38 million for the quarter. As a group, sell-side analysts anticipate that Grupo Aeroportuario del Centro Nort will post 3.37 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of OMAB. Quantamental Technologies LLC grew its holdings in 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 acquiring an additional 241 shares during the last quarter. Stevens Capital Management LP bought a new position in shares of Grupo Aeroportuario del Centro Nort in the 2nd quarter valued at about $252,000. Bank of Nova Scotia bought a new position in shares of Grupo Aeroportuario del Centro Nort in the 2nd quarter valued at about $259,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Grupo Aeroportuario del Centro Nort in the 2nd quarter valued at about $265,000. Finally, Wells Fargo & Company MN boosted its stake in shares of Grupo Aeroportuario del Centro Nort by 6,164.4% in the 2nd quarter. Wells Fargo & Company MN now owns 6,327 shares of the transportation company’s stock valued at $309,000 after purchasing an additional 6,226 shares during the last quarter. 10.61% of the stock is currently owned by hedge funds and other institutional investors.

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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