Grupo Aeroportuario del Centro Norte (OMAB) Upgraded by HSBC to Buy

HSBC upgraded shares of Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) from a hold rating to a buy rating in a research note released on Wednesday, Marketbeat Ratings reports.

A number of other equities analysts have also recently weighed in on OMAB. BidaskClub cut Grupo Aeroportuario del Centro Norte from a strong-buy rating to a buy rating in a report on Thursday, August 10th. Zacks Investment Research cut Grupo Aeroportuario del Centro Norte from a hold rating to a sell rating in a report on Thursday, November 16th. Finally, Scotiabank cut Grupo Aeroportuario del Centro Norte from a sector perform rating to an underperform rating and increased their target price for the company from $43.00 to $46.00 in a research note on Thursday, September 7th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $50.70.

Grupo Aeroportuario del Centro Norte (OMAB) opened at $40.16 on Wednesday. The firm has a market capitalization of $1,975.11, a P/E ratio of 17.93, a price-to-earnings-growth ratio of 5.92 and a beta of 0.96. Grupo Aeroportuario del Centro Norte has a fifty-two week low of $30.05 and a fifty-two week high of $52.51. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.26 and a quick ratio of 3.26.

Several institutional investors have recently added to or reduced their stakes in OMAB. Morgan Stanley boosted its stake in shares of Grupo Aeroportuario del Centro Norte by 75.9% during the 1st 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 last quarter. Bank of Montreal Can boosted its stake in shares of Grupo Aeroportuario del Centro Norte by 0.4% during the 2nd quarter. Bank of Montreal Can now owns 14,011 shares of the transportation company’s stock valued at $675,000 after buying an additional 52 shares during the last quarter. Aperio Group LLC boosted its stake in shares of Grupo Aeroportuario del Centro Norte by 4.4% during the 2nd quarter. Aperio Group LLC now owns 16,256 shares of the transportation company’s stock valued at $783,000 after buying an additional 681 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Grupo Aeroportuario del Centro Norte by 33.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 303,514 shares of the transportation company’s stock valued at $14,620,000 after buying an additional 75,440 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Grupo Aeroportuario del Centro Norte by 31.2% during the 2nd quarter. Sei Investments Co. now owns 24,424 shares of the transportation company’s stock valued at $1,177,000 after buying an additional 5,810 shares during the last quarter. Institutional investors own 16.51% of the company’s stock.

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Grupo Aeroportuario del Centro Norte Company Profile

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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