Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Given Underweight Rating at JPMorgan Chase & Co.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB - Get Free Report)'s stock had its "underweight" rating reiterated by equities researchers at JPMorgan Chase & Co. in a report released on Friday, Marketbeat.com reports.

OMAB has been the subject of several other reports. Bank of America raised shares of Grupo Aeroportuario del Centro Norte from an "underperform" rating to a "neutral" rating in a report on Monday, May 19th. The Goldman Sachs Group increased their price target on Grupo Aeroportuario del Centro Norte from $89.00 to $106.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Finally, Jefferies Financial Group raised their price objective on shares of Grupo Aeroportuario del Centro Norte from $94.00 to $99.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $88.38.

Grupo Aeroportuario del Centro Norte Stock Up 0.4%

Shares of NASDAQ:OMAB traded up $0.36 during trading on Friday, hitting $96.90. The company's stock had a trading volume of 70,252 shares, compared to its average volume of 73,551. The company has a market capitalization of $4.12 billion, a PE ratio of 17.05 and a beta of 0.90. Grupo Aeroportuario del Centro Norte has a fifty-two week low of $59.08 and a fifty-two week high of $102.74. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.08 and a current ratio of 1.08. The stock's 50-day moving average price is $87.03 and its two-hundred day moving average price is $78.27.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.30 EPS for the quarter, beating analysts' consensus estimates of $1.28 by $0.02. The firm had revenue of $174.65 million for the quarter, compared to the consensus estimate of $3.58 billion. Grupo Aeroportuario del Centro Norte had a net margin of 35.31% and a return on equity of 51.74%. As a group, sell-side analysts expect that Grupo Aeroportuario del Centro Norte will post 5.53 EPS for the current year.

Institutional Trading of Grupo Aeroportuario del Centro Norte

Hedge funds and other institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC increased its position in Grupo Aeroportuario del Centro Norte by 3,581.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 405 shares of the transportation company's stock worth $28,000 after purchasing an additional 394 shares during the last quarter. Venturi Wealth Management LLC boosted its position in shares of Grupo Aeroportuario del Centro Norte by 94.3% in the fourth quarter. Venturi Wealth Management LLC now owns 575 shares of the transportation company's stock valued at $39,000 after acquiring an additional 279 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in Grupo Aeroportuario del Centro Norte by 41.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 685 shares of the transportation company's stock worth $48,000 after purchasing an additional 200 shares during the last quarter. Fifth Third Bancorp bought a new position in Grupo Aeroportuario del Centro Norte during the fourth quarter valued at about $48,000. Finally, US Bancorp DE increased 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 purchasing an additional 155 shares during the period. 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.