Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Rating Lowered to “Buy” at Wall Street Zen

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Saturday.

Several other equities analysts have also issued reports on OMAB. Zacks Research lowered Grupo Aeroportuario del Centro Norte from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a research report on Friday, January 9th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $106.00.

Grupo Aeroportuario del Centro Norte Stock Down 0.7%

NASDAQ:OMAB opened at $105.62 on Friday. Grupo Aeroportuario del Centro Norte has a 12-month low of $70.24 and a 12-month high of $134.99. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $4.49 billion, a P/E ratio of 17.99, a P/E/G ratio of 1.24 and a beta of 0.74. The stock’s fifty day simple moving average is $118.02 and its 200-day simple moving average is $109.61.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last released its quarterly earnings data on Tuesday, February 24th. The transportation company reported $1.40 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.25). Grupo Aeroportuario del Centro Norte had a net margin of 33.46% and a return on equity of 54.36%. The company had revenue of $228.23 million during the quarter, compared to the consensus estimate of $241.63 million. Equities research analysts expect that Grupo Aeroportuario del Centro Norte will post 5.53 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State Street Corp increased its holdings in shares of Grupo Aeroportuario del Centro Norte by 3.6% in the fourth quarter. State Street Corp now owns 329,781 shares of the transportation company’s stock worth $35,870,000 after acquiring an additional 11,604 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Grupo Aeroportuario del Centro Norte by 1.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 173,567 shares of the transportation company’s stock valued at $18,028,000 after purchasing an additional 2,134 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Grupo Aeroportuario del Centro Norte by 18.4% during the 2nd quarter. American Century Companies Inc. now owns 115,744 shares of the transportation company’s stock valued at $12,211,000 after purchasing an additional 18,028 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Grupo Aeroportuario del Centro Norte by 63.4% in the 2nd quarter. AQR Capital Management LLC now owns 102,050 shares of the transportation company’s stock valued at $10,766,000 after purchasing an additional 39,581 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Grupo Aeroportuario del Centro Norte in the 4th quarter valued at approximately $11,038,000. 9.53% of the stock is currently owned by institutional investors.

About Grupo Aeroportuario del Centro Norte

Grupo Aeroportuario del Centro Norte, SAB. de C.V. (OMAB) is a Mexican airport operator that develops, manages and operates airports under long‐term concessions granted by the Federal Government of Mexico. The company’s core business covers all aspects of airport operations, including passenger processing, airfield services, security, ground handling, cargo handling and commercial activities such as retail, food and beverage, and parking.

OMA currently holds concession contracts for 13 airports in central and northern Mexico, serving key markets such as Monterrey, Ciudad Juárez, Culiacán, Hermosillo and Torreón.