Grupo Aeroportuario del Centro Nort (OMAB) Lowered to Hold at HSBC

Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) was downgraded by HSBC from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, The Fly reports.

A number of other equities analysts also recently weighed in on the company. UBS Group started coverage on Grupo Aeroportuario del Centro Nort in a research report on Monday, August 27th. They set a “buy” rating on the stock. Bank of America started coverage on Grupo Aeroportuario del Centro Nort in a research report on Tuesday, August 28th. They set a “buy” rating and a $58.00 price target on the stock. Santander downgraded Grupo Aeroportuario del Centro Nort from a “buy” rating to a “hold” rating in a research report on Tuesday, September 18th. ValuEngine downgraded Grupo Aeroportuario del Centro Nort from a “hold” rating to a “sell” rating in a research report on Monday, August 20th. Finally, BidaskClub downgraded Grupo Aeroportuario del Centro Nort from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 18th. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $59.00.

Shares of NASDAQ OMAB opened at $54.21 on Monday. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 24.75, a price-to-earnings-growth ratio of 6.94 and a beta of 0.71. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.27 and a current ratio of 2.27. Grupo Aeroportuario del Centro Nort has a twelve month low of $37.45 and a twelve month high of $58.10.

Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) last announced its quarterly earnings results on Wednesday, July 18th. The transportation company reported $0.74 earnings per share for the quarter. The firm had revenue of $102.76 million for the quarter. Grupo Aeroportuario del Centro Nort had a return on equity of 35.46% and a net margin of 32.68%. On average, analysts anticipate that Grupo Aeroportuario del Centro Nort will post 2.74 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of the company. Franklin Resources Inc. grew its position in shares of Grupo Aeroportuario del Centro Nort by 7.6% in the first quarter. Franklin Resources Inc. now owns 17,000 shares of the transportation company’s stock valued at $670,000 after purchasing an additional 1,200 shares during the last quarter. Citigroup Inc. grew its position in shares of Grupo Aeroportuario del Centro Nort by 110.8% in the first quarter. Citigroup Inc. now owns 4,004 shares of the transportation company’s stock valued at $158,000 after purchasing an additional 2,105 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Grupo Aeroportuario del Centro Nort by 5.4% in the second quarter. Russell Investments Group Ltd. now owns 74,637 shares of the transportation company’s stock valued at $3,109,000 after purchasing an additional 3,812 shares during the last quarter. Conning Inc. grew its position in shares of Grupo Aeroportuario del Centro Nort by 25.9% in the second quarter. Conning Inc. now owns 23,809 shares of the transportation company’s stock valued at $992,000 after purchasing an additional 4,900 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Grupo Aeroportuario del Centro Nort in the first quarter valued at approximately $200,000. 15.27% of the stock is currently owned by institutional investors.

About Grupo Aeroportuario del Centro Nort

Grupo Aeroportuario del Centro Norte, S. A. B. de C. V., through its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico. The company operates 13 international airports in Monterrey, Acapulco, Mazatlán, Zihuatanejo, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, Zacatecas, Ciudad Juárez, and Reynosa cities.

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