Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Raised to “Neutral” at Bank of America

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) was upgraded by equities researchers at Bank of America from an “underperform” rating to a “neutral” rating in a research report issued on Monday, Marketbeat Ratings reports.

Other equities research analysts also recently issued research reports about the company. Jefferies Financial Group raised their target price on Grupo Aeroportuario del Centro Norte from $94.00 to $99.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. The Goldman Sachs Group raised their price target on Grupo Aeroportuario del Centro Norte from $89.00 to $106.00 and gave the stock a “buy” rating in a research report on Friday, May 16th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Grupo Aeroportuario del Centro Norte presently has an average rating of “Moderate Buy” and a consensus price target of $88.38.

Grupo Aeroportuario del Centro Norte Price Performance

OMAB stock opened at $100.96 on Monday. Grupo Aeroportuario del Centro Norte has a twelve month low of $59.08 and a twelve month high of $102.74. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $4.30 billion, a P/E ratio of 17.81 and a beta of 0.90. The business has a 50 day simple moving average of $85.31 and a 200-day simple moving average of $77.13.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last released its earnings results on Tuesday, April 29th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.02. Grupo Aeroportuario del Centro Norte had a return on equity of 51.74% and a net margin of 35.31%. The business had revenue of $174.65 million for the quarter, compared to analyst estimates of $3.58 billion. As a group, equities analysts anticipate that Grupo Aeroportuario del Centro Norte will post 5.53 EPS for the current year.

Institutional Trading of Grupo Aeroportuario del Centro Norte

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fisher Funds Management LTD acquired a new position in Grupo Aeroportuario del Centro Norte during the fourth quarter worth approximately $33,617,000. Deutsche Bank AG grew its stake in shares of Grupo Aeroportuario del Centro Norte by 1,173.2% during the 4th quarter. Deutsche Bank AG now owns 273,821 shares of the transportation company’s stock valued at $18,795,000 after buying an additional 252,315 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Grupo Aeroportuario del Centro Norte by 30.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 173,672 shares of the transportation company’s stock worth $11,921,000 after buying an additional 40,878 shares during the last quarter. abrdn plc increased its holdings in shares of Grupo Aeroportuario del Centro Norte by 1.4% during the 4th quarter. abrdn plc now owns 170,233 shares of the transportation company’s stock worth $11,723,000 after buying an additional 2,279 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of Grupo Aeroportuario del Centro Norte by 8.3% in the 1st quarter. American Century Companies Inc. now owns 97,716 shares of the transportation company’s stock worth $7,683,000 after buying an additional 7,513 shares during the period. Hedge funds and other 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., 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.