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

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.

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

OMAB has been the subject of a number of 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 note on Monday, May 19th. JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Friday, May 23rd. 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. Finally, The Goldman Sachs Group raised 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. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Grupo Aeroportuario del Centro Norte presently has a consensus rating of "Hold" and an average target price of $92.17.

Grupo Aeroportuario del Centro Norte Trading Up 2.2%

Grupo Aeroportuario del Centro Norte stock opened at $105.42 on Friday. The company has a 50 day moving average price of $107.25 and a 200 day moving average price of $94.97. Grupo Aeroportuario del Centro Norte has a 52 week low of $62.06 and a 52 week high of $116.25. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market capitalization of $4.48 billion, a price-to-earnings ratio of 19.52, a P/E/G ratio of 2.48 and a beta of 0.93.

Hedge Funds Weigh In On Grupo Aeroportuario del Centro Norte

Hedge funds and other institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC lifted its holdings in shares of 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 worth $28,000 after acquiring an additional 394 shares during the period. EverSource Wealth Advisors LLC lifted 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 purchasing an additional 271 shares during the last quarter. Quantbot Technologies LP bought a new position in Grupo Aeroportuario del Centro Norte during the 2nd quarter valued at about $56,000. US Bancorp DE lifted its holdings in Grupo Aeroportuario del Centro Norte by 25.6% during the 1st quarter. US Bancorp DE now owns 761 shares of the transportation company's stock valued at $60,000 after purchasing an additional 155 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in Grupo Aeroportuario del Centro Norte by 306.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 565 shares of the transportation company's stock valued at $60,000 after purchasing an additional 426 shares during the last quarter. 9.53% of the stock is owned by institutional investors.

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.

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