Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB – Get Free Report) was downgraded by investment analysts at Citigroup from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Friday, Marketbeat Ratings reports.
OMAB has been the subject of several other reports. Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a research report on Monday, October 26th. Zacks Research downgraded Grupo Aeroportuario del Centro Norte from a “hold” rating to a “strong sell” rating in a report on Thursday, October 22nd. Finally, JPMorgan Chase & Co. raised Grupo Aeroportuario del Centro Norte from an “underweight” rating to a “neutral” rating in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Grupo Aeroportuario del Centro Norte currently has a consensus rating of “Hold” and an average target price of $134.00.
Read Our Latest Stock Report on OMAB
Grupo Aeroportuario del Centro Norte Trading Up 0.6%
Shares of OMAB opened at $109.06 on Friday. The firm has a market cap of $4.64 billion, a price-to-earnings ratio of 17.23, a PEG ratio of 2.14 and a beta of 0.61. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.08 and a current ratio of 1.08. Grupo Aeroportuario del Centro Norte has a fifty-two week low of $87.31 and a fifty-two week high of $134.99. The firm has a 50 day moving average price of $98.06 and a 200-day moving average price of $107.77.
Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB – Get Free Report) last released its earnings results on Tuesday, October 27th. The transportation company reported $1.78 EPS for the quarter, missing the consensus estimate of $1.83 by ($0.05). The business had revenue of $268.96 million for the quarter, compared to the consensus estimate of $255.11 million. Grupo Aeroportuario del Centro Norte had a net margin of 31.69% and a return on equity of 49.38%. As a group, equities research analysts forecast that Grupo Aeroportuario del Centro Norte will post 6.82 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Maryland State Retirement & Pension System increased its stake in shares of Grupo Aeroportuario del Centro Norte by 4.9% in the third quarter. Maryland State Retirement & Pension System now owns 43,016 shares of the transportation company’s stock worth $4,156,000 after buying an additional 2,017 shares during the period. Gen Wealth Partners Inc bought a new stake in Grupo Aeroportuario del Centro Norte during the 3rd quarter valued at $30,000. Ethic Inc. boosted its position in Grupo Aeroportuario del Centro Norte by 38.7% during the 3rd quarter. Ethic Inc. now owns 3,363 shares of the transportation company’s stock valued at $325,000 after buying an additional 939 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Grupo Aeroportuario del Centro Norte during the 3rd quarter valued at $51,000. Finally, Sage Investment Counsel LLC boosted its position in Grupo Aeroportuario del Centro Norte by 4.3% during the 3rd quarter. Sage Investment Counsel LLC now owns 7,300 shares of the transportation company’s stock valued at $705,000 after buying an additional 300 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., operating under the OMA brand, is a Mexican airport infrastructure company. It develops, operates and maintains a portfolio of airports serving the central and northern regions of Mexico, including Monterrey International Airport and airports in destinations such as Acapulco, Chihuahua, Ciudad Juárez, Culiacán, Durango, Mazatlán, Reynosa, San Luis Potosí, Tampico, Torreón and Zacatecas.
OMA provides core airport services including passenger processing, aircraft landing and parking facilities, security-related infrastructure, baggage handling areas and cargo facilities.
Read More
- Five stocks we like better than Grupo Aeroportuario del Centro Norte
- GE Aerospace Has a $170 Billion Backlog, But Is the Stock Worth the Premium?
- Google’s Credit Backstop May Be TeraWulf’s Biggest Advantage
- Could the Midterms Revive Medicare for All? 3 Healthcare Stocks to Watch
- Qualcomm Beat Earnings, But Its Fastest-Growing Businesses Have a Catch
Receive News & Ratings for Grupo Aeroportuario del Centro Norte Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grupo Aeroportuario del Centro Norte and related companies with MarketBeat.com's FREE daily email newsletter.
