Grupo Aeroportuario del Centro Nort (OMAB) Rating Increased to Buy at HSBC

HSBC upgraded shares of Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) from a hold rating to a buy rating in a research note released on Thursday morning, Marketbeat.com reports.

OMAB has been the subject of several other reports. UBS Group raised shares of Grupo Aeroportuario del Centro Nort from a neutral rating to a buy rating in a report on Monday, January 7th. BidaskClub upgraded shares of Grupo Aeroportuario del Centro Nort from a hold rating to a buy rating in a research report on Thursday, December 27th. Bank of America upgraded shares of Grupo Aeroportuario del Centro Nort from an underperform rating to a buy rating in a report on Friday, December 21st. ValuEngine upgraded shares of Grupo Aeroportuario del Centro Nort from a sell rating to a hold rating in a report on Friday, December 21st. Finally, TheStreet lowered shares of Grupo Aeroportuario del Centro Nort from a b rating to a c+ rating in a report on Wednesday, November 28th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $55.67.

Shares of NASDAQ OMAB opened at $43.51 on Thursday. Grupo Aeroportuario del Centro Nort has a 1 year low of $33.39 and a 1 year high of $58.10. The company has a market cap of $1.84 billion, a P/E ratio of 19.87, a PEG ratio of 4.79 and a beta of 0.81. The company has a current ratio of 2.63, a quick ratio of 2.63 and a debt-to-equity ratio of 0.59.

Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) last issued its earnings results on Wednesday, October 24th. The transportation company reported $0.78 EPS for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.13. Grupo Aeroportuario del Centro Nort had a net margin of 34.22% and a return on equity of 36.15%. The business had revenue of $103.76 million for the quarter. Sell-side analysts anticipate that Grupo Aeroportuario del Centro Nort will post 2.91 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of OMAB. BlackRock Inc. boosted its stake in shares of Grupo Aeroportuario del Centro Nort by 22.5% in the 3rd quarter. BlackRock Inc. now owns 848,565 shares of the transportation company’s stock valued at $48,327,000 after purchasing an additional 155,973 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Grupo Aeroportuario del Centro Nort by 1.9% during the 2nd quarter. Renaissance Technologies LLC now owns 517,000 shares of the transportation company’s stock worth $21,533,000 after buying an additional 9,800 shares during the period. Russell Investments Group Ltd. raised its holdings in Grupo Aeroportuario del Centro Nort by 9.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 81,644 shares of the transportation company’s stock worth $4,637,000 after buying an additional 7,007 shares during the period. Pendal Group Ltd bought a new position in shares of Grupo Aeroportuario del Centro Nort during the 3rd quarter worth approximately $3,694,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Grupo Aeroportuario del Centro Nort during the 2nd quarter worth approximately $1,672,000. 12.52% of the stock is currently owned by institutional investors and hedge funds.

Grupo Aeroportuario del Centro Nort Company Profile

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

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