Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Downgraded to Sell at BidaskClub

BidaskClub downgraded shares of Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) from a hold rating to a sell rating in a report published on Wednesday, December 27th.

OMAB has been the topic of a number of other research reports. Scotiabank cut shares of Grupo Aeroportuario del Centro Norte from a sector perform rating to an underperform rating and lifted their target price for the company from $43.00 to $46.00 in a research note on Thursday, September 7th. HSBC upgraded shares of Grupo Aeroportuario del Centro Norte from a hold rating to a buy rating in a research note on Wednesday, November 29th. Finally, Zacks Investment Research upgraded shares of Grupo Aeroportuario del Centro Norte from a strong sell rating to a hold rating in a research note on Wednesday, December 20th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. Grupo Aeroportuario del Centro Norte currently has an average rating of Hold and a consensus target price of $50.70.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) opened at $41.51 on Wednesday. The firm has a market cap of $2,010.03, a price-to-earnings ratio of 18.53, a PEG ratio of 5.61 and a beta of 0.96. Grupo Aeroportuario del Centro Norte has a one year low of $30.05 and a one year high of $52.51. The company has a debt-to-equity ratio of 0.69, a quick ratio of 3.14 and a current ratio of 3.14.

Several institutional investors have recently bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp bought a new position in Grupo Aeroportuario del Centro Norte during the 2nd quarter valued at about $209,000. Dynamic Technology Lab Private Ltd bought a new position in Grupo Aeroportuario del Centro Norte during the 3rd quarter valued at about $204,000. First Trust Advisors LP bought a new position in Grupo Aeroportuario del Centro Norte during the 2nd quarter valued at about $224,000. Advisor Group Inc. grew its holdings in Grupo Aeroportuario del Centro Norte by 123.3% during the 2nd quarter. Advisor Group Inc. now owns 4,820 shares of the transportation company’s stock valued at $232,000 after purchasing an additional 2,661 shares during the last quarter. Finally, FDx Advisors Inc. bought a new position in Grupo Aeroportuario del Centro Norte during the 3rd quarter valued at about $224,000. Hedge funds and other institutional investors own 11.58% of the company’s stock.

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Grupo Aeroportuario del Centro Norte Company Profile

Grupo Aeroportuario del Centro Norte, SAB. de C.V. is a holding company. The Company, through its subsidiaries, holds concessions to operate, maintain and develop over 10 airports in Mexico. The Company’s segments include Metropolitan, Tourist, Regional, Border, Hotel and Other. The Company also engages in various commercial and diversification activities conducted at its airports, such as the leasing of space to restaurants and retailers, the operation of parking facilities, and the operation of the NH Terminal 2 Hotel and the Hilton Garden Inn Hotel at the Monterrey airport.

Analyst Recommendations for Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB)

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