Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Lifted to Sector Perform at Scotiabank

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) was upgraded by investment analysts at Scotiabank from a “sector underperform” rating to a “sector perform” rating in a note issued to investors on Wednesday, Briefing.com reports.

Other analysts also recently issued research reports about the stock. StockNews.com downgraded shares of Grupo Aeroportuario del Centro Norte from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. Morgan Stanley raised shares of Grupo Aeroportuario del Centro Norte from an “equal weight” rating to an “overweight” rating and cut their price objective for the company from $82.00 to $77.00 in a research report on Friday, September 6th.

Grupo Aeroportuario del Centro Norte Stock Performance

NASDAQ OMAB opened at $73.19 on Wednesday. The business has a 50 day moving average price of $66.74 and a 200 day moving average price of $73.36. The company has a market capitalization of $3.11 billion, a P/E ratio of 12.26, a PEG ratio of 3.92 and a beta of 1.32. Grupo Aeroportuario del Centro Norte has a 1-year low of $50.23 and a 1-year high of $97.52. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.86 and a quick ratio of 0.86.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last announced its quarterly earnings results on Thursday, July 25th. The transportation company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.21. Grupo Aeroportuario del Centro Norte had a return on equity of 53.36% and a net margin of 35.08%. The business had revenue of $203.24 million during the quarter. Sell-side analysts expect that Grupo Aeroportuario del Centro Norte will post 6.02 EPS for the current fiscal year.

Institutional Investors Weigh In On Grupo Aeroportuario del Centro Norte

A number of hedge funds and other institutional investors have recently made changes to their positions in OMAB. INCA Investments LLC grew its holdings in Grupo Aeroportuario del Centro Norte by 17.4% in the 1st quarter. INCA Investments LLC now owns 389,840 shares of the transportation company’s stock valued at $30,832,000 after buying an additional 57,709 shares during the period. 1832 Asset Management L.P. acquired a new stake in shares of Grupo Aeroportuario del Centro Norte in the second quarter worth approximately $11,318,000. Russell Investments Group Ltd. grew its holdings in Grupo Aeroportuario del Centro Norte by 0.7% in the first quarter. Russell Investments Group Ltd. now owns 117,193 shares of the transportation company’s stock valued at $9,269,000 after purchasing an additional 871 shares during the period. American Century Companies Inc. increased its position in Grupo Aeroportuario del Centro Norte by 6.1% during the second quarter. American Century Companies Inc. now owns 72,083 shares of the transportation company’s stock worth $4,876,000 after purchasing an additional 4,149 shares during the last quarter. Finally, Marshall Wace LLP raised its stake in Grupo Aeroportuario del Centro Norte by 78.1% during the second quarter. Marshall Wace LLP now owns 69,809 shares of the transportation company’s stock worth $4,723,000 after purchasing an additional 30,604 shares during the period. Hedge funds and other institutional investors own 9.53% of the company’s stock.

Grupo Aeroportuario del Centro Norte Company Profile

Grupo Aeroportuario del Centro Norte, SAB. de C.V., together with its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico. The company operates 13 international airports in Monterrey, Acapulco, Mazatlán, Zihuatanejo, Ciudad Juárez, Reynosa, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, and Zacatecas cities.