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

Key Points

• Grupo Aeroportuario del Centro Norte was upgraded from a "hold" to a "buy" rating by Wall Street Zen, reflecting increasing analyst confidence in the company.
• Other analysts had mixed reviews, with Bank of America upgrading to "neutral" and Goldman Sachs raising the price objective from $89 to $106.
• The stock traded at $105.42 recently, with an average target price of $92.17 and a market capitalization of $4.48 billion.

Wall Street Zen upgraded shares of Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB - Free Report) from a hold rating to a buy rating in a research note released on Friday.

A number of other equities research analysts have also issued reports on the stock. Zacks Research lowered shares of Grupo Aeroportuario del Centro Norte from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. The Goldman Sachs Group upped their target price on shares of Grupo Aeroportuario del Centro Norte from $89.00 to $106.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Bank of America upgraded shares of Grupo Aeroportuario del Centro Norte from an "underperform" rating to a "neutral" rating in a research note on Monday, May 19th. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Friday, May 23rd. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $92.17.

Grupo Aeroportuario del Centro Norte Stock Up 2.4%

OMAB stock traded up $2.60 during trading on Friday, reaching $109.68. The stock had a trading volume of 83,805 shares, compared to its average volume of 81,056. The company has a market capitalization of $4.67 billion, a P/E ratio of 20.31, a PEG ratio of 2.58 and a beta of 0.93. The firm has a fifty day moving average price of $107.27 and a 200 day moving average price of $95.71. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.35. Grupo Aeroportuario del Centro Norte has a 1-year low of $62.06 and a 1-year high of $116.25.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Grupo Aeroportuario del Centro Norte by 0.5% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 22,072 shares of the transportation company's stock valued at $2,329,000 after acquiring an additional 115 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Grupo Aeroportuario del Centro Norte by 0.5% during the first quarter. Envestnet Asset Management Inc. now owns 31,667 shares of the transportation company's stock valued at $2,490,000 after acquiring an additional 150 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in Grupo Aeroportuario del Centro Norte by 3.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,595 shares of the transportation company's stock worth $485,000 after buying an additional 153 shares during the last quarter. US Bancorp DE grew its position in 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 worth $60,000 after buying an additional 155 shares during the last quarter. Finally, Itau Unibanco Holding S.A. grew its position in Grupo Aeroportuario del Centro Norte by 3.2% in the first quarter. Itau Unibanco Holding S.A. now owns 6,902 shares of the transportation company's stock worth $543,000 after buying an additional 212 shares during the last quarter. Institutional investors and hedge funds 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.