Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) was downgraded by equities researchers at Scotiabank from a “sector perform” rating to an “underperform” rating in a report issued on Thursday, The Fly reports.

Several other research analysts have also commented on OMAB. J P Morgan Chase & Co lowered Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from an “overweight” rating to a “neutral” rating in a report on Friday, May 12th. Bank of America Corporation raised Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from an “underperform” rating to a “neutral” rating in a report on Tuesday, May 16th. UBS AG lowered Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from a “buy” rating to a “neutral” rating in a report on Wednesday, May 17th. Zacks Investment Research lowered Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from a “buy” rating to a “hold” rating in a report on Wednesday, May 24th. Finally, Morgan Stanley lowered Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $48.00 to $46.10 in a report on Tuesday, May 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $79.37.

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (OMAB) opened at 47.38 on Thursday. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a one year low of $30.05 and a one year high of $52.51. The company’s 50-day moving average is $49.55 and its 200-day moving average is $45.25. The firm has a market cap of $2.33 billion, a PE ratio of 21.08 and a beta of 0.97.

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) last issued its quarterly earnings data on Thursday, July 20th. The transportation company reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.01. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. had a return on equity of 30.38% and a net margin of 30.85%. The company had revenue of $93.71 million during the quarter. On average, analysts forecast that Grupo Aeroportuario del Centro Norte S.A.B. de C.V. will post $2.37 earnings per share for the current fiscal year.

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A number of institutional investors and hedge funds have recently modified their holdings of OMAB. Bank of Montreal Can boosted its stake in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. by 7.0% in the first quarter. Bank of Montreal Can now owns 13,959 shares of the transportation company’s stock worth $602,000 after buying an additional 914 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. by 25.0% in the first quarter. Advisors Asset Management Inc. now owns 7,768 shares of the transportation company’s stock worth $335,000 after buying an additional 1,554 shares in the last quarter. Karp Capital Management Corp purchased a new stake in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. in the first quarter worth approximately $673,000. Opus Capital Group LLC purchased a new stake in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. in the first quarter worth approximately $307,000. Finally, Stevens Capital Management LP purchased a new stake in Grupo Aeroportuario del Centro Norte S.A.B. de C.V. in the first quarter worth approximately $218,000. 12.92% of the stock is owned by institutional investors and hedge funds.

About Grupo Aeroportuario del Centro Norte S.A.B. de C.V.

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.

The Fly

Analyst Recommendations for Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB)

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