JPMorgan Chase & Co. Upgrades Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) to Neutral

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) was upgraded by JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a report issued on Wednesday, Marketbeat.com reports.

A number of other equities analysts have also recently commented on OMAB. Citigroup upgraded shares of Grupo Aeroportuario del Centro Norte from a “neutral” rating to a “buy” rating in a research report on Friday, May 8th. Wall Street Zen lowered shares of Grupo Aeroportuario del Centro Norte from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings cut Grupo Aeroportuario del Centro Norte from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 1st. HSBC upgraded Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $112.00 to $134.00 in a report on Thursday, April 16th. Finally, Zacks Research raised Grupo Aeroportuario del Centro Norte from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 25th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $134.00.

Grupo Aeroportuario del Centro Norte Stock Performance

NASDAQ:OMAB opened at $104.14 on Wednesday. The business has a 50 day moving average of $105.84 and a 200 day moving average of $111.87. The company has a market capitalization of $4.43 billion, a price-to-earnings ratio of 17.41, a PEG ratio of 1.36 and a beta of 0.60. Grupo Aeroportuario del Centro Norte has a 1-year low of $95.69 and a 1-year high of $134.99. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.12 and a quick ratio of 1.12.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last issued its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.41 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.08). The business had revenue of $213.33 million for the quarter, compared to the consensus estimate of $199.73 million. Grupo Aeroportuario del Centro Norte had a net margin of 32.67% and a return on equity of 49.46%. On average, sell-side analysts predict that Grupo Aeroportuario del Centro Norte will post 6.97 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Grupo Aeroportuario del Centro Norte

A number of large investors have recently added to or reduced their stakes in the company. Triumph Capital Management bought a new position in shares of Grupo Aeroportuario del Centro Norte during the third quarter valued at about $30,000. EverSource Wealth Advisors LLC grew its stake in shares of Grupo Aeroportuario del Centro Norte by 288.3% in the second quarter. EverSource Wealth Advisors LLC now owns 365 shares of the transportation company’s stock worth $39,000 after purchasing an additional 271 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Grupo Aeroportuario del Centro Norte in the second quarter worth about $56,000. Atlas Capital Advisors Inc. purchased a new position in Grupo Aeroportuario del Centro Norte during the 4th quarter valued at about $61,000. Finally, Fifth Third Bancorp increased its holdings in Grupo Aeroportuario del Centro Norte by 22.3% during the 4th quarter. Fifth Third Bancorp now owns 791 shares of the transportation company’s stock valued at $86,000 after purchasing an additional 144 shares during the period. 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.