Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Grupo Aeroportuario del Centro Norte (OMAB) from a buy to a hold; the stock has a consensus Hold rating with a $120 target and an analyst split of 2 buys, 4 holds and 1 sell.
• In the latest quarter OMAB missed EPS at $1.41 versus $1.49 expected but beat revenue ($213.33M vs. $199.73M), while reporting a 32.67% net margin and 55.19% return on equity.
• HSBC upgraded the stock to a buy and raised its price target to $134, underscoring mixed analyst views despite recent downgrades.

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

Other analysts have also issued research reports about the company. Weiss Ratings reissued a "hold (c)" rating on shares of Grupo Aeroportuario del Centro Norte in a report on Friday, January 9th. Zacks Research lowered Grupo Aeroportuario del Centro Norte from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 25th. Finally, HSBC raised Grupo Aeroportuario del Centro Norte from a "hold" rating to a "buy" rating and upped their price objective for the stock from $112.00 to $134.00 in a research note on Thursday, April 16th. 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 stock. Based on data from MarketBeat.com, Grupo Aeroportuario del Centro Norte presently has a consensus rating of "Hold" and a consensus target price of $120.00.

Grupo Aeroportuario del Centro Norte Stock Performance

NASDAQ:OMAB opened at $104.92 on Friday. The stock has a 50-day simple moving average of $114.52 and a two-hundred day simple moving average of $111.44. Grupo Aeroportuario del Centro Norte has a 52-week low of $86.62 and a 52-week high of $134.99. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.14 and a current ratio of 1.32. The firm has a market capitalization of $4.46 billion, a PE ratio of 17.55, a P/E/G ratio of 1.10 and a beta of 0.65.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB - Get Free Report) last released its quarterly earnings results on Monday, April 27th. The transportation company reported $1.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.08). Grupo Aeroportuario del Centro Norte had a net margin of 32.67% and a return on equity of 55.19%. The company had revenue of $213.33 million for the quarter, compared to the consensus estimate of $199.73 million. Analysts forecast that Grupo Aeroportuario del Centro Norte will post 7.13 EPS for the current year.

Hedge Funds Weigh In On Grupo Aeroportuario del Centro Norte

Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its stake in shares of Grupo Aeroportuario del Centro Norte by 253.7% in the third quarter. JPMorgan Chase & Co. now owns 21,973 shares of the transportation company's stock worth $2,282,000 after acquiring an additional 15,761 shares during the period. Caprock Group LLC bought a new position in Grupo Aeroportuario del Centro Norte during the third quarter valued at approximately $776,000. Integrated Quantitative Investments LLC bought a new position in Grupo Aeroportuario del Centro Norte during the third quarter valued at approximately $1,052,000. Novem Group bought a new position in Grupo Aeroportuario del Centro Norte during the fourth quarter valued at approximately $1,167,000. Finally, Quent Capital LLC bought a new position in Grupo Aeroportuario del Centro Norte during the fourth quarter valued at approximately $2,690,000. 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. (OMAB) is a Mexican airport operator that develops, manages and operates airports under long‐term concessions granted by the Federal Government of Mexico. The company's core business covers all aspects of airport operations, including passenger processing, airfield services, security, ground handling, cargo handling and commercial activities such as retail, food and beverage, and parking.

OMA currently holds concession contracts for 13 airports in central and northern Mexico, serving key markets such as Monterrey, Ciudad Juárez, Culiacán, Hermosillo and Torreón.

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