Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Upgraded by BidaskClub to “Hold”

BidaskClub upgraded shares of Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) from a sell rating to a hold rating in a research note issued to investors on Thursday, January 4th.

A number of other analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Grupo Aeroportuario del Centro Norte from a hold rating to a sell rating in a research report on Thursday, November 16th. HSBC raised shares of Grupo Aeroportuario del Centro Norte from a hold rating to a buy rating in a research report on Wednesday, November 29th. Finally, Scotiabank lowered shares of Grupo Aeroportuario del Centro Norte from a sector perform rating to an underperform rating and increased their price objective for the stock from $43.00 to $46.00 in a research report on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $50.70.

Shares of Grupo Aeroportuario del Centro Norte (OMAB) traded down $0.59 during midday trading on Thursday, hitting $40.87. 88,900 shares of the stock traded hands, compared to its average volume of 95,313. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.14 and a quick ratio of 3.14. The stock has a market cap of $1,740.00, a PE ratio of 18.66, a price-to-earnings-growth ratio of 5.99 and a beta of 0.97. Grupo Aeroportuario del Centro Norte has a 52-week low of $30.05 and a 52-week high of $52.51.

A number of institutional investors have recently bought and sold shares of OMAB. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of Grupo Aeroportuario del Centro Norte during the second quarter valued at approximately $209,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Grupo Aeroportuario del Centro Norte during the third quarter valued at approximately $204,000. First Trust Advisors LP acquired a new stake in Grupo Aeroportuario del Centro Norte in the second quarter valued at approximately $224,000. Advisor Group Inc. boosted its stake in Grupo Aeroportuario del Centro Norte by 123.3% in the second quarter. Advisor Group Inc. now owns 4,820 shares of the transportation company’s stock valued at $232,000 after acquiring an additional 2,661 shares in the last quarter. Finally, FDx Advisors Inc. acquired a new stake in Grupo Aeroportuario del Centro Norte in the third quarter valued at approximately $224,000. 11.58% of the stock is currently owned by institutional investors.

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About Grupo Aeroportuario del Centro Norte

Grupo Aeroportuario del Centro Norte, SAB. de C.V. is a holding company. The Company, through its subsidiaries, holds concessions to operate, maintain and develop over 10 airports in Mexico. The Company’s segments include Metropolitan, Tourist, Regional, Border, Hotel and Other. The Company also engages in various commercial and diversification activities conducted at its airports, such as the leasing of space to restaurants and retailers, the operation of parking facilities, and the operation of the NH Terminal 2 Hotel and the Hilton Garden Inn Hotel at the Monterrey airport.

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

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