Zacks Investment Research Lowers Grupo Aeroportuario del Centro Nort (OMAB) to Hold

Zacks Investment Research lowered shares of Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) from a buy rating to a hold rating in a research report sent to investors on Thursday.

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. “

A number of other research analysts have also commented on the company. BidaskClub lowered Grupo Aeroportuario del Centro Nort from a strong-buy rating to a buy rating in a research report on Wednesday, October 24th. Bank of America lowered Grupo Aeroportuario del Centro Nort from a buy rating to an underperform rating in a research report on Tuesday, October 30th. Credit Suisse Group lowered Grupo Aeroportuario del Centro Nort from an outperform rating to a neutral rating in a research report on Wednesday, October 31st. UBS Group raised Grupo Aeroportuario del Centro Nort from a neutral rating to a buy rating in a research report on Monday, January 7th. Finally, Citigroup set a $49.00 target price on Grupo Aeroportuario del Centro Nort and gave the stock a hold rating in a research report on Friday, November 2nd. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $52.33.

OMAB opened at $44.21 on Thursday. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 20.19, a price-to-earnings-growth ratio of 4.86 and a beta of 0.89. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.63 and a quick ratio of 2.63. Grupo Aeroportuario del Centro Nort has a one year low of $33.39 and a one year high of $58.10.

Several institutional investors have recently bought and sold shares of the stock. Advisors Capital Management LLC bought a new position in shares of Grupo Aeroportuario del Centro Nort during the 4th quarter valued at $218,000. Brookstone Capital Management lifted its holdings in shares of Grupo Aeroportuario del Centro Nort by 11.8% during the 4th quarter. Brookstone Capital Management now owns 6,436 shares of the transportation company’s stock valued at $245,000 after buying an additional 678 shares during the period. Eagle Asset Management Inc. bought a new position in shares of Grupo Aeroportuario del Centro Nort during the 3rd quarter valued at $298,000. Virtu Financial LLC bought a new position in shares of Grupo Aeroportuario del Centro Nort during the 4th quarter valued at $499,000. Finally, Northern Trust Corp lifted its holdings in shares of Grupo Aeroportuario del Centro Nort by 72.0% during the 2nd quarter. Northern Trust Corp now owns 12,560 shares of the transportation company’s stock valued at $523,000 after buying an additional 5,257 shares during the period. Institutional investors own 12.37% of the company’s stock.

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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