Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Raised to Strong-Buy at Wall Street Zen

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Sunday.

OMAB has been the subject of a number of other research reports. Zacks Research upgraded shares of Grupo Aeroportuario del Centro Norte from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $106.00.

Grupo Aeroportuario del Centro Norte Price Performance

NASDAQ:OMAB opened at $128.15 on Friday. The company has a 50-day moving average of $113.70 and a 200-day moving average of $107.79. The company has a market capitalization of $5.45 billion, a price-to-earnings ratio of 22.68, a PEG ratio of 1.98 and a beta of 0.74. Grupo Aeroportuario del Centro Norte has a 52 week low of $70.24 and a 52 week high of $130.09. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.14 and a current ratio of 1.14.

Institutional Investors Weigh In On Grupo Aeroportuario del Centro Norte

Hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new position in shares of Grupo Aeroportuario del Centro Norte in the first quarter worth about $591,000. Vanguard Personalized Indexing Management LLC lifted its holdings in Grupo Aeroportuario del Centro Norte by 3.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,595 shares of the transportation company’s stock worth $485,000 after buying an additional 153 shares in the last quarter. TrueMark Investments LLC bought a new position in Grupo Aeroportuario del Centro Norte in the 2nd quarter valued at $1,059,000. Avidian Wealth Enterprises LLC bought a new position in Grupo Aeroportuario del Centro Norte in the 2nd quarter valued at $213,000. Finally, Ethic Inc. acquired a new stake in shares of Grupo Aeroportuario del Centro Norte in the 2nd quarter valued at $223,000. Institutional investors own 9.53% of the company’s stock.

About Grupo Aeroportuario del Centro Norte

Grupo Aeroportuario del Centro Norte, SAB. de C.V. (OMAB) is a Mexican airport operator that develops, manages and operates airports under long‐term concessions granted by the Federal Government of Mexico. The company’s core business covers all aspects of airport operations, including passenger processing, airfield services, security, ground handling, cargo handling and commercial activities such as retail, food and beverage, and parking.

OMA currently holds concession contracts for 13 airports in central and northern Mexico, serving key markets such as Monterrey, Ciudad Juárez, Culiacán, Hermosillo and Torreón.