Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) Upgraded at Zacks Investment Research

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday, July 25th. The firm presently has a $60.00 target price on the transportation company’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 24.04% from the stock’s current price.

According to Zacks, “OMA operates and manages 13 international airports in the north and central regions of Mexico. OMA’s airports serve Monterrey, México’s third largest metropolitan area, the tourist destinations of Acapulco, Mazatlan, and Zihuatanejo, and nine other regional centers and border cities. OMA’s airports fulfill international safety norms and have received environmental compliance certificates. Their corporate name is Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., and they serve their passengers, their airlines, and their business partners under the commercial name OMA. “

A number of other equities research analysts have also recently issued reports on the company. BidaskClub raised Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Morgan Stanley cut Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $48.00 to $46.10 in a research report on Tuesday, May 30th. UBS AG cut Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 17th. Bank of America Corporation raised Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from an “underperform” rating to a “neutral” rating in a research report on Tuesday, May 16th. Finally, J P Morgan Chase & Co cut Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from an “overweight” rating to a “neutral” rating in a research report on Friday, May 12th. Six research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $69.78.

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ OMAB) traded up 0.69% on Tuesday, hitting $48.37. 74,520 shares of the stock were exchanged. The company has a market cap of $2.38 billion, a P/E ratio of 21.59 and a beta of 0.95. The company’s 50 day moving average price is $49.76 and its 200-day moving average price is $44.04. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a one year low of $30.05 and a one year high of $52.95.

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) last announced its earnings results on Thursday, July 20th. The transportation company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. The firm had revenue of $93.71 million during the quarter. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. had a return on equity of 30.38% and a net margin of 30.85%. Equities research analysts predict that Grupo Aeroportuario del Centro Norte S.A.B. de C.V. will post $2.37 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Advisors Asset Management Inc. boosted its position in shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. by 25.0% in the first quarter. Advisors Asset Management Inc. now owns 7,768 shares of the transportation company’s stock valued at $335,000 after buying an additional 1,554 shares during the period. Smith Asset Management Group LP boosted its position in shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. by 168.1% in the second quarter. Smith Asset Management Group LP now owns 12,560 shares of the transportation company’s stock valued at $605,000 after buying an additional 7,875 shares during the period. Morgan Stanley boosted its position in shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. by 75.9% in the first quarter. Morgan Stanley now owns 145,345 shares of the transportation company’s stock valued at $6,276,000 after buying an additional 62,713 shares during the period. Jane Street Group LLC purchased a new position in shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. during the first quarter valued at approximately $334,000. Finally, Aberdeen Asset Management PLC UK boosted its position in shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. by 1.2% in the first quarter. Aberdeen Asset Management PLC UK now owns 2,843,705 shares of the transportation company’s stock valued at $122,791,000 after buying an additional 33,243 shares during the period. 14.27% of the stock is owned by hedge funds and other institutional investors.

About Grupo Aeroportuario del Centro Norte S.A.B. de C.V.

Grupo Aeroportuario del Centro Norte, SAB. de C.V. is a holding company. The Company, through its subsidiaries, holds concessions to operate, maintain and develop over 10 airports in Mexico. The Company’s segments include Metropolitan, Tourist, Regional, Border, Hotel and Other. The Company also engages in various commercial and diversification activities conducted at its airports, such as the leasing of space to restaurants and retailers, the operation of parking facilities, and the operation of the NH Terminal 2 Hotel and the Hilton Garden Inn Hotel at the Monterrey airport.

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