Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Upgraded by Wall Street Zen to Buy Rating

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

OMAB has been the subject of several other research reports. JPMorgan Chase & Co. restated an “underweight” rating on shares of Grupo Aeroportuario del Centro Norte in a research report on Friday, May 23rd. The Goldman Sachs Group raised their price objective on shares of Grupo Aeroportuario del Centro Norte from $89.00 to $106.00 and gave the company a “buy” rating in a research report on Friday, May 16th. Zacks Research cut shares of Grupo Aeroportuario del Centro Norte from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Finally, Bank of America upgraded shares of Grupo Aeroportuario del Centro Norte from an “underperform” rating to a “neutral” rating in a research report on Monday, May 19th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Grupo Aeroportuario del Centro Norte presently has a consensus rating of “Hold” and an average price target of $92.17.

Grupo Aeroportuario del Centro Norte Trading Up 2.2%

Shares of OMAB stock opened at $105.42 on Friday. Grupo Aeroportuario del Centro Norte has a 12-month low of $62.06 and a 12-month high of $116.25. The company has a market capitalization of $4.48 billion, a P/E ratio of 19.52, a P/E/G ratio of 2.48 and a beta of 0.93. The firm has a 50-day moving average price of $107.25 and a 200 day moving average price of $94.97. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.35.

Institutional Investors Weigh In On Grupo Aeroportuario del Centro Norte

Several institutional investors have recently modified their holdings of OMAB. Tower Research Capital LLC TRC grew its position in shares of Grupo Aeroportuario del Centro Norte by 3,581.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 405 shares of the transportation company’s stock worth $28,000 after buying an additional 394 shares during the period. Northern Trust Corp grew its position in shares of Grupo Aeroportuario del Centro Norte by 643.4% during the 4th quarter. Northern Trust Corp now owns 29,893 shares of the transportation company’s stock worth $2,052,000 after buying an additional 25,872 shares during the period. Deutsche Bank AG grew its position in shares of Grupo Aeroportuario del Centro Norte by 1,173.2% during the 4th quarter. Deutsche Bank AG now owns 273,821 shares of the transportation company’s stock worth $18,795,000 after buying an additional 252,315 shares during the period. Millennium Management LLC grew its position in shares of Grupo Aeroportuario del Centro Norte by 5.7% during the 4th quarter. Millennium Management LLC now owns 26,904 shares of the transportation company’s stock worth $1,847,000 after buying an additional 1,460 shares during the period. Finally, Malaga Cove Capital LLC grew its position in shares of Grupo Aeroportuario del Centro Norte by 5.2% during the 4th quarter. Malaga Cove Capital LLC now owns 20,520 shares of the transportation company’s stock worth $1,408,000 after buying an additional 1,016 shares during the period. Institutional investors and hedge funds own 9.53% of the company’s stock.

Grupo Aeroportuario del Centro Norte Company Profile

Grupo Aeroportuario del Centro Norte, SAB. de C.V., together with its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico. The company operates 13 international airports in Monterrey, Acapulco, Mazatlán, Zihuatanejo, Ciudad Juárez, Reynosa, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, and Zacatecas cities.