Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Raised to Overweight at Morgan Stanley

Morgan Stanley upgraded shares of Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) from an equal weight rating to an overweight rating in a research note released on Friday, Marketbeat Ratings reports. Morgan Stanley currently has $77.00 price target on the transportation company’s stock, down from their previous price target of $82.00.

Several other research firms also recently issued reports on OMAB. StockNews.com downgraded shares of Grupo Aeroportuario del Centro Norte from a buy rating to a hold rating in a report on Thursday, July 11th. Scotiabank cut Grupo Aeroportuario del Centro Norte from a sector perform rating to a sector underperform rating in a research report on Wednesday, May 15th.

Grupo Aeroportuario del Centro Norte Stock Down 0.7 %

OMAB stock opened at $63.53 on Friday. The firm has a market cap of $2.70 billion, a PE ratio of 10.64, a P/E/G ratio of 3.49 and a beta of 1.32. 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’s fifty day moving average is $66.57 and its 200 day moving average is $73.23. Grupo Aeroportuario del Centro Norte has a one year low of $50.23 and a one year high of $100.21.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last posted its quarterly earnings data on Thursday, July 25th. The transportation company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.21. The business had revenue of $203.24 million for the quarter. Grupo Aeroportuario del Centro Norte had a net margin of 35.08% and a return on equity of 53.36%. On average, research analysts forecast that Grupo Aeroportuario del Centro Norte will post 5.98 EPS for the current year.

Institutional Trading of Grupo Aeroportuario del Centro Norte

Several large investors have recently bought and sold shares of the business. Navellier & Associates Inc. boosted its holdings in shares of Grupo Aeroportuario del Centro Norte by 5.0% during the 4th quarter. Navellier & Associates Inc. now owns 2,958 shares of the transportation company’s stock worth $250,000 after purchasing an additional 140 shares during the last quarter. Parallel Advisors LLC grew its holdings in Grupo Aeroportuario del Centro Norte by 726.8% in the 4th quarter. Parallel Advisors LLC now owns 339 shares of the transportation company’s stock valued at $29,000 after buying an additional 298 shares in the last quarter. Maryland State Retirement & Pension System increased its stake in shares of Grupo Aeroportuario del Centro Norte by 0.7% in the 1st quarter. Maryland State Retirement & Pension System now owns 41,445 shares of the transportation company’s stock worth $3,133,000 after acquiring an additional 299 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Grupo Aeroportuario del Centro Norte by 8.9% during the 1st quarter. Advisors Asset Management Inc. now owns 4,146 shares of the transportation company’s stock worth $328,000 after acquiring an additional 340 shares during the period. Finally, Mather Group LLC. acquired a new position in shares of Grupo Aeroportuario del Centro Norte during the 1st quarter valued at about $34,000. Hedge funds and other institutional investors 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.