Citigroup Reiterates "Hold" Rating for Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB)

Key Points

• Grupo Aeroportuario del Centro Norte has received a "neutral" rating from Citigroup, with several other brokerages providing mixed ratings ranging from "buy" to "hold".
• Despite mixed analyst opinions, the stock has seen positive movement, with shares up 1.2% and a recent price target surge from Goldman Sachs from $89.00 to $106.00.
• Institutional ownership is significant, with 9.53% of the stock held by hedge funds and institutional investors who have recently increased their positions in the company.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB - Get Free Report)'s stock had its "hold" rating reaffirmed by investment analysts at Citigroup in a note issued to investors on Wednesday, Marketbeat reports.

OMAB has been the subject of several other research reports. Bank of America raised shares of Grupo Aeroportuario del Centro Norte from an "underperform" rating to a "neutral" rating in a research report on Monday, May 19th. Zacks Research cut shares of Grupo Aeroportuario del Centro Norte from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Wall Street Zen upgraded shares of Grupo Aeroportuario del Centro Norte from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. The Goldman Sachs Group boosted their price objective on shares of Grupo Aeroportuario del Centro Norte from $89.00 to $106.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Finally, JPMorgan Chase & Co. restated an "underweight" rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Friday, May 23rd. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $92.17.

Grupo Aeroportuario del Centro Norte Stock Performance

Shares of OMAB stock traded down $2.84 on Wednesday, reaching $109.23. The stock had a trading volume of 19,608 shares, compared to its average volume of 76,147. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.86 and a current ratio of 0.86. Grupo Aeroportuario del Centro Norte has a 1 year low of $62.06 and a 1 year high of $116.25. The stock has a market cap of $4.65 billion, a P/E ratio of 20.23, a price-to-earnings-growth ratio of 2.70 and a beta of 0.93. The company has a 50 day simple moving average of $107.34 and a 200 day simple moving average of $96.24.

Hedge Funds Weigh In On Grupo Aeroportuario del Centro Norte

Hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC raised its stake in Grupo Aeroportuario del Centro Norte by 3,581.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 405 shares of the transportation company's stock valued at $28,000 after purchasing an additional 394 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Grupo Aeroportuario del Centro Norte by 288.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the transportation company's stock valued at $39,000 after buying an additional 271 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Grupo Aeroportuario del Centro Norte during the 2nd quarter valued at approximately $56,000. US Bancorp DE raised its position in shares of Grupo Aeroportuario del Centro Norte by 25.6% during the first quarter. US Bancorp DE now owns 761 shares of the transportation company's stock valued at $60,000 after buying an additional 155 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted 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 worth $60,000 after buying an additional 426 shares in the last quarter. 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.