Grupo Aeroportuario del Centro Nort (OMAB) Stock Rating Lowered by ValuEngine

Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

Several other equities research analysts also recently weighed in on OMAB. BidaskClub raised shares of Grupo Aeroportuario del Centro Nort from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 28th. Barclays downgraded shares of Grupo Aeroportuario del Centro Nort from an “overweight” rating to an “equal weight” rating in a research report on Thursday, August 16th. UBS Group initiated coverage on shares of Grupo Aeroportuario del Centro Nort in a research report on Monday, August 27th. They issued a “buy” rating for the company. Bank of America initiated coverage on shares of Grupo Aeroportuario del Centro Nort in a research report on Tuesday, August 28th. They issued a “buy” rating and a $58.00 target price for the company. Finally, Santander downgraded shares of Grupo Aeroportuario del Centro Nort from a “buy” rating to a “hold” rating in a research report on Tuesday, September 18th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $55.67.

OMAB opened at $39.69 on Thursday. The stock has a market capitalization of $1.95 billion, a PE ratio of 16.02, a P/E/G ratio of 5.36 and a beta of 1.08. Grupo Aeroportuario del Centro Nort has a 1-year low of $37.45 and a 1-year high of $58.10. The company has a quick ratio of 2.63, a current ratio of 2.63 and a debt-to-equity ratio of 0.59.

Large investors have recently made changes to their positions in the stock. Eagle Asset Management Inc. bought a new stake in shares of Grupo Aeroportuario del Centro Nort during the 3rd quarter valued at about $298,000. Brookstone Capital Management bought a new stake in shares of Grupo Aeroportuario del Centro Nort during the 3rd quarter valued at about $328,000. UBS Group AG grew its position in shares of Grupo Aeroportuario del Centro Nort by 552.4% during the 1st quarter. UBS Group AG now owns 9,225 shares of the transportation company’s stock valued at $364,000 after buying an additional 7,811 shares during the last quarter. Northern Trust Corp grew its position in shares of Grupo Aeroportuario del Centro Nort by 72.0% during the 2nd quarter. Northern Trust Corp now owns 12,560 shares of the transportation company’s stock valued at $523,000 after buying an additional 5,257 shares during the last quarter. Finally, Highstreet Asset Management Inc. bought a new stake in shares of Grupo Aeroportuario del Centro Nort during the 2nd quarter valued at about $940,000. 15.31% of the stock is owned by institutional investors and hedge funds.

Grupo Aeroportuario del Centro Nort Company Profile

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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Analyst Recommendations for Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB)

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