Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Rating Increased to Buy at Wall Street Zen

Key Points

• Grupo Aeroportuario del Centro Norte's stock rating was upgraded from "hold" to "buy" by Wall Street Zen, marking a positive shift in analyst sentiment.
• The company's stock has seen a 2.3% increase recently, with a current share price of $105.05, while it has a market capitalization of $4.47 billion.
• Institutional investors are increasing their stakes in Grupo Aeroportuario del Centro Norte, with notable increases of 288.3% and 306.5% in holdings by some firms in the second quarter.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Saturday.

Other analysts have also issued research reports about the stock. Citigroup reaffirmed a "hold" rating on shares of Grupo Aeroportuario del Centro Norte in a research report on Wednesday, September 10th. Zacks Research lowered shares of Grupo Aeroportuario del Centro Norte from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 19th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Grupo Aeroportuario del Centro Norte in a research report on Saturday, September 27th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $92.17.

Grupo Aeroportuario del Centro Norte Stock Up 2.3%

OMAB opened at $105.05 on Friday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.86 and a quick ratio of 0.86. The company's 50-day moving average is $105.44 and its 200 day moving average is $99.69. Grupo Aeroportuario del Centro Norte has a fifty-two week low of $62.06 and a fifty-two week high of $116.25. The firm has a market capitalization of $4.47 billion, a P/E ratio of 19.45, a PEG ratio of 2.47 and a beta of 0.94.

Institutional Trading of Grupo Aeroportuario del Centro Norte

Institutional investors and hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its holdings in shares of Grupo Aeroportuario del Centro Norte by 288.3% in the second quarter. EverSource Wealth Advisors LLC now owns 365 shares of the transportation company's stock valued at $39,000 after acquiring an additional 271 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Grupo Aeroportuario del Centro Norte in the second quarter valued at about $56,000. US Bancorp DE raised its holdings in shares of Grupo Aeroportuario del Centro Norte by 25.6% in the first quarter. US Bancorp DE now owns 761 shares of the transportation company's stock valued at $60,000 after acquiring an additional 155 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Grupo Aeroportuario del Centro Norte by 306.5% in the second quarter. PNC Financial Services Group Inc. now owns 565 shares of the transportation company's stock valued at $60,000 after acquiring an additional 426 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Grupo Aeroportuario del Centro Norte by 133.5% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,443 shares of the transportation company's stock valued at $152,000 after acquiring an additional 825 shares in the last quarter. 9.53% of the stock is currently owned by institutional investors.

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.

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