Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Upgraded by Scotiabank to Sector Perform

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) was upgraded by stock analysts at Scotiabank from a “sector underperform” rating to a “sector perform” rating in a report released on Wednesday, Marketbeat.com reports.

Several other equities research analysts also recently issued reports on the company. StockNews.com downgraded Grupo Aeroportuario del Centro Norte from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. Morgan Stanley upgraded shares of Grupo Aeroportuario del Centro Norte from an “equal weight” rating to an “overweight” rating and cut their price target for the stock from $82.00 to $77.00 in a research note on Friday, September 6th.

Grupo Aeroportuario del Centro Norte Price Performance

Grupo Aeroportuario del Centro Norte stock opened at $69.22 on Wednesday. The company’s 50 day simple moving average is $66.70 and its 200-day simple moving average is $73.31. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.86 and a current ratio of 0.86. Grupo Aeroportuario del Centro Norte has a 1 year low of $50.23 and a 1 year high of $95.85. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 11.59, a price-to-earnings-growth ratio of 3.92 and a beta of 1.32.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last posted its earnings results on Thursday, July 25th. The transportation company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.21. Grupo Aeroportuario del Centro Norte had a net margin of 35.08% and a return on equity of 53.36%. The firm had revenue of $203.24 million during the quarter. As a group, equities research analysts expect that Grupo Aeroportuario del Centro Norte will post 6.02 earnings per share for the current year.

Institutional Trading of Grupo Aeroportuario del Centro Norte

Large investors have recently modified their holdings of the stock. Parallel Advisors LLC boosted its holdings in Grupo Aeroportuario del Centro Norte by 726.8% in the fourth quarter. Parallel Advisors LLC now owns 339 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 298 shares during the period. Mather Group LLC. acquired a new stake in Grupo Aeroportuario del Centro Norte in the 1st quarter valued at about $34,000. EverSource Wealth Advisors LLC boosted its stake in shares of Grupo Aeroportuario del Centro Norte by 900.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 470 shares of the transportation company’s stock valued at $40,000 after buying an additional 423 shares during the period. Blue Trust Inc. grew its position in shares of Grupo Aeroportuario del Centro Norte by 565.3% during the second quarter. Blue Trust Inc. now owns 1,131 shares of the transportation company’s stock worth $77,000 after buying an additional 961 shares in the last quarter. Finally, Barometer Capital Management Inc. purchased a new stake in shares of Grupo Aeroportuario del Centro Norte during the fourth quarter worth approximately $118,000. Hedge funds and other institutional investors own 9.53% of the company’s stock.

Grupo Aeroportuario del Centro Norte Company Profile

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.