Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Rating Lowered to Strong Sell at Zacks Research

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB – Get Free Report) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Thursday, Zacks reports.

Several other research firms have also commented on OMAB. Weiss Ratings upgraded Grupo Aeroportuario del Centro Norte from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. JPMorgan Chase & Co. upgraded shares of Grupo Aeroportuario del Centro Norte from an “underweight” rating to a “neutral” rating in a report on Wednesday, July 22nd. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $134.00.

Read Our Latest Report on OMAB

Grupo Aeroportuario del Centro Norte Stock Performance

NASDAQ OMAB opened at $98.52 on Thursday. The company has a market capitalization of $4.19 billion, a PE ratio of 15.76, a price-to-earnings-growth ratio of 1.94 and a beta of 0.61. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.66 and a current ratio of 0.66. Grupo Aeroportuario del Centro Norte has a 52-week low of $87.31 and a 52-week high of $134.99. The company has a 50-day simple moving average of $97.87 and a 200 day simple moving average of $104.31.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB – Get Free Report) last issued its earnings results on Wednesday, July 1st. The transportation company reported $1.74 EPS for the quarter. Grupo Aeroportuario del Centro Norte had a net margin of 33.17% and a return on equity of 49.50%. The company had revenue of $255.27 million for the quarter. On average, research analysts predict that Grupo Aeroportuario del Centro Norte will post 6.82 EPS for the current year.

Hedge Funds Weigh In On Grupo Aeroportuario del Centro Norte

A number of institutional investors have recently added to or reduced their stakes in the stock. Alamar Capital Management LLC purchased a new position in shares of Grupo Aeroportuario del Centro Norte in the 1st quarter valued at about $241,000. QRG Capital Management Inc. acquired a new position in Grupo Aeroportuario del Centro Norte during the first quarter worth approximately $274,000. Squarepoint Ops LLC raised its position in Grupo Aeroportuario del Centro Norte by 44.4% in the 2nd quarter. Squarepoint Ops LLC now owns 3,425 shares of the transportation company’s stock valued at $387,000 after purchasing an additional 1,053 shares during the last quarter. Sanders Morris Harris LLC acquired a new stake in shares of Grupo Aeroportuario del Centro Norte during the third quarter worth about $361,000. Finally, Advisors Preferred LLC purchased a new position in shares of Grupo Aeroportuario del Centro Norte in the 1st quarter valued at approximately $644,000. Hedge funds and other institutional investors own 9.53% of the company’s stock.

About Grupo Aeroportuario del Centro Norte

(Get Free Report)

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.

See Also

Analyst Recommendations for Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB)

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.