Santander Downgrades Grupo Aeroportuario del Centro Nort (OMAB) to Hold

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Santander downgraded shares of Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) from a buy rating to a hold rating in a research note published on Tuesday, September 18th, The Fly reports.

Other analysts have also recently issued reports about the company. Barclays cut Grupo Aeroportuario del Centro Nort from an overweight rating to an equal weight rating in a research report on Thursday, August 16th. Zacks Investment Research cut Grupo Aeroportuario del Centro Nort from a buy rating to a hold rating in a report on Tuesday, June 26th. BidaskClub upgraded Grupo Aeroportuario del Centro Nort from a hold rating to a buy rating in a report on Tuesday, July 10th. UBS Group initiated coverage on Grupo Aeroportuario del Centro Nort in a report on Monday, August 27th. They issued a buy rating for the company. Finally, ValuEngine cut Grupo Aeroportuario del Centro Nort from a hold rating to a sell rating in a report on Monday, August 20th. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Grupo Aeroportuario del Centro Nort presently has an average rating of Buy and a consensus price target of $59.00.

Shares of Grupo Aeroportuario del Centro Nort stock traded up $0.76 on Tuesday, reaching $52.80. The company’s stock had a trading volume of 34,976 shares, compared to its average volume of 86,215. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.27 and a quick ratio of 2.27. Grupo Aeroportuario del Centro Nort has a 52-week low of $37.45 and a 52-week high of $58.10. The stock has a market capitalization of $2.45 billion, a PE ratio of 24.11, a price-to-earnings-growth ratio of 6.94 and a beta of 0.71.

Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) last issued its quarterly earnings results on Wednesday, July 18th. The transportation company reported $0.74 EPS for the quarter. Grupo Aeroportuario del Centro Nort had a return on equity of 35.46% and a net margin of 32.68%. The firm had revenue of $102.76 million during the quarter. On average, equities research analysts anticipate that Grupo Aeroportuario del Centro Nort will post 2.74 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in OMAB. Citigroup Inc. lifted its stake in shares of Grupo Aeroportuario del Centro Nort by 110.8% in the 1st quarter. Citigroup Inc. now owns 4,004 shares of the transportation company’s stock valued at $158,000 after purchasing an additional 2,105 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in Grupo Aeroportuario del Centro Nort during the 1st quarter worth about $200,000. Stevens Capital Management LP acquired a new position in Grupo Aeroportuario del Centro Nort during the 1st quarter worth about $246,000. UBS Group AG lifted its stake in 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 worth $364,000 after acquiring an additional 7,811 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in 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 worth $523,000 after acquiring an additional 5,257 shares in the last quarter. 15.27% of the stock is currently 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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