Grupo Aeroportuario Centro Norte (OMAB) Downgraded to Market Perform at UBS Group

Grupo Aeroportuario Centro Norte (NASDAQ:OMAB) was downgraded by equities research analysts at UBS Group from an “outperform” rating to a “market perform” rating in a research note issued to investors on Wednesday, The Fly reports.

Several other research firms have also weighed in on OMAB. ValuEngine lowered Grupo Aeroportuario Centro Norte from a “hold” rating to a “sell” rating in a report on Monday, May 7th. BidaskClub upgraded Grupo Aeroportuario Centro Norte from a “sell” rating to a “hold” rating in a report on Friday, April 13th. Zacks Investment Research upgraded Grupo Aeroportuario Centro Norte from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Tuesday, February 27th. Morgan Stanley upgraded Grupo Aeroportuario Centro Norte from an “equal weight” rating to an “overweight” rating in a report on Tuesday, February 20th. Finally, Scotiabank upgraded Grupo Aeroportuario Centro Norte from an “underperform” rating to a “sector perform” rating in a report on Tuesday. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $46.00.

Shares of NASDAQ:OMAB traded down $0.97 during midday trading on Wednesday, hitting $38.98. 10,224 shares of the stock were exchanged, compared to its average volume of 86,806. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 0.58. Grupo Aeroportuario Centro Norte has a 52-week low of $37.45 and a 52-week high of $52.51. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 17.80, a P/E/G ratio of 4.52 and a beta of 0.65.

Grupo Aeroportuario Centro Norte (NASDAQ:OMAB) last announced its quarterly earnings data on Tuesday, April 17th. The transportation company reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.07. Grupo Aeroportuario Centro Norte had a return on equity of 33.76% and a net margin of 31.13%. The business had revenue of $103.10 million during the quarter. sell-side analysts forecast that Grupo Aeroportuario Centro Norte will post 2.89 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of OMAB. Boston Partners bought a new position in Grupo Aeroportuario Centro Norte during the fourth quarter valued at about $3,408,000. BlackRock Inc. grew its position in shares of Grupo Aeroportuario Centro Norte by 12.1% in the fourth quarter. BlackRock Inc. now owns 549,698 shares of the transportation company’s stock valued at $22,801,000 after purchasing an additional 59,457 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of Grupo Aeroportuario Centro Norte in the fourth quarter valued at about $248,000. Standard Life Aberdeen plc grew its position in shares of Grupo Aeroportuario Centro Norte by 18.6% in the fourth quarter. Standard Life Aberdeen plc now owns 3,112,749 shares of the transportation company’s stock valued at $129,117,000 after purchasing an additional 488,736 shares during the last quarter. Finally, Investec Asset Management LTD grew its position in shares of Grupo Aeroportuario Centro Norte by 64.8% in the fourth quarter. Investec Asset Management LTD now owns 76,270 shares of the transportation company’s stock valued at $3,164,000 after purchasing an additional 30,000 shares during the last quarter. Institutional investors own 16.66% of the company’s stock.

Grupo Aeroportuario Centro Norte 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. It also operates NH Collection Hotel in Terminal 2 of the Mexico City International Airport; and a hotel under the Hilton Garden Inn name at the Monterrey Airport.

The Fly

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