Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB – Get Free Report) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.
Other equities analysts have also recently issued reports about the company. HSBC upgraded Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating and boosted their target price for the stock from $112.00 to $134.00 in a research report on Thursday, April 16th. Citigroup upgraded shares of Grupo Aeroportuario del Centro Norte from a “neutral” rating to a “buy” rating in a research report on Friday, May 8th. Weiss Ratings lowered Grupo Aeroportuario del Centro Norte from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 1st. Finally, Wall Street Zen cut Grupo Aeroportuario del Centro Norte from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $134.00.
View Our Latest Research Report on OMAB
Grupo Aeroportuario del Centro Norte Trading Down 0.0%
Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB – Get Free Report) last posted its earnings results on Tuesday, April 28th. The transportation company reported $1.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.08). Grupo Aeroportuario del Centro Norte had a return on equity of 49.46% and a net margin of 32.67%.The firm had revenue of $213.33 million for the quarter, compared to the consensus estimate of $199.73 million. On average, equities analysts expect that Grupo Aeroportuario del Centro Norte will post 6.95 earnings per share for the current fiscal year.
Institutional Trading of Grupo Aeroportuario del Centro Norte
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Triumph Capital Management bought a new position in shares of Grupo Aeroportuario del Centro Norte in the third quarter worth approximately $30,000. EverSource Wealth Advisors LLC raised its holdings in Grupo Aeroportuario del Centro Norte by 288.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the transportation company’s stock valued at $39,000 after buying an additional 271 shares during the last quarter. Quantbot Technologies LP bought a new stake in Grupo Aeroportuario del Centro Norte during the 2nd quarter valued at $56,000. Atlas Capital Advisors Inc. purchased a new stake in Grupo Aeroportuario del Centro Norte during the 4th quarter valued at $61,000. Finally, Huntington National Bank boosted its position in Grupo Aeroportuario del Centro Norte by 575.9% during the 3rd quarter. Huntington National Bank now owns 588 shares of the transportation company’s stock valued at $61,000 after buying an additional 501 shares during the period. Institutional investors own 9.53% of the company’s stock.
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.
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