Grupo Aeroportuario del Centro Norte (OMAB) Upgraded to “Hold” by Zacks Investment Research

Zacks Investment Research upgraded shares of Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) from a strong sell rating to a hold rating in a research note released on Wednesday, December 20th.

According to Zacks, “OMA operates and manages 13 international airports in the north and central regions of Mexico. OMA’s airports serve Monterrey, México’s third largest metropolitan area, the tourist destinations of Acapulco, Mazatlan, and Zihuatanejo, and nine other regional centers and border cities. OMA’s airports fulfill international safety norms and have received environmental compliance certificates. Their corporate name is Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., and they serve their passengers, their airlines, and their business partners under the commercial name OMA. “

Several other research analysts also recently issued reports on OMAB. BidaskClub upgraded shares of Grupo Aeroportuario del Centro Norte from a buy rating to a strong-buy rating in a report on Saturday, August 26th. Scotiabank downgraded shares of Grupo Aeroportuario del Centro Norte from a sector perform rating to an underperform rating and upped their price target for the stock from $43.00 to $46.00 in a report on Thursday, September 7th. Finally, HSBC upgraded Grupo Aeroportuario del Centro Norte from a hold rating to a buy rating in a report on Wednesday, November 29th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $50.70.

Grupo Aeroportuario del Centro Norte (NASDAQ OMAB) opened at $41.51 on Wednesday. The stock has a market cap of $1,740.00, a price-to-earnings ratio of 18.95, a PEG ratio of 5.99 and a beta of 0.97. The company has a debt-to-equity ratio of 0.69, a quick ratio of 3.14 and a current ratio of 3.14. Grupo Aeroportuario del Centro Norte has a 1-year low of $30.05 and a 1-year high of $52.51.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can increased its holdings in Grupo Aeroportuario del Centro Norte by 0.4% in the second quarter. Bank of Montreal Can now owns 14,011 shares of the transportation company’s stock valued at $675,000 after purchasing an additional 52 shares during the period. Dimensional Fund Advisors LP increased its holdings in Grupo Aeroportuario del Centro Norte by 1.1% in the second quarter. Dimensional Fund Advisors LP now owns 5,847 shares of the transportation company’s stock valued at $280,000 after purchasing an additional 62 shares during the period. Franklin Resources Inc. increased its holdings in Grupo Aeroportuario del Centro Norte by 5.5% in the second quarter. Franklin Resources Inc. now owns 19,200 shares of the transportation company’s stock valued at $925,000 after purchasing an additional 1,000 shares during the period. Stevens Capital Management LP increased its holdings in Grupo Aeroportuario del Centro Norte by 41.5% in the second quarter. Stevens Capital Management LP now owns 7,141 shares of the transportation company’s stock valued at $344,000 after purchasing an additional 2,093 shares during the period. Finally, Advisor Group Inc. increased its holdings 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 purchasing an additional 2,661 shares during the period. Institutional investors and hedge funds own 11.58% of the company’s stock.

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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.

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