Grupo Aeroportuario del Centro Nort (OMAB) Upgraded to Overweight by Morgan Stanley

Morgan Stanley upgraded shares of Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) from an equal weight rating to an overweight rating in a report published on Tuesday morning.

Several other research analysts have also weighed in on the company. BidaskClub lowered Grupo Aeroportuario del Centro Nort from a hold rating to a sell rating in a research report on Wednesday, December 27th. HSBC raised Grupo Aeroportuario del Centro Nort from a hold rating to a buy rating in a research report on Wednesday, November 29th. Zacks Investment Research lowered Grupo Aeroportuario del Centro Nort from a hold rating to a sell rating in a research report on Thursday, November 16th. Finally, UBS Group raised Grupo Aeroportuario del Centro Nort from a neutral rating to a buy rating in a research report on Wednesday, February 7th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. Grupo Aeroportuario del Centro Nort presently has a consensus rating of Hold and an average price target of $50.70.

Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) opened at $41.07 on Tuesday. The firm has a market capitalization of $1,971.18, a P/E ratio of 17.89 and a beta of 0.74. Grupo Aeroportuario del Centro Nort has a 1 year low of $37.01 and a 1 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 hedge funds have recently bought and sold shares of the stock. Compass Group LLC acquired a new position in shares of Grupo Aeroportuario del Centro Nort during the 4th quarter worth approximately $3,158,000. Millennium Management LLC increased its holdings in shares of Grupo Aeroportuario del Centro Nort by 5.6% during the 4th quarter. Millennium Management LLC now owns 293,016 shares of the transportation company’s stock worth $12,154,000 after acquiring an additional 15,607 shares during the last quarter. Guggenheim Capital LLC increased its holdings in shares of Grupo Aeroportuario del Centro Nort by 6.2% during the 4th quarter. Guggenheim Capital LLC now owns 35,469 shares of the transportation company’s stock worth $1,471,000 after acquiring an additional 2,086 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Grupo Aeroportuario del Centro Nort by 24.2% during the 4th quarter. Deutsche Bank AG now owns 128,259 shares of the transportation company’s stock worth $5,320,000 after acquiring an additional 24,972 shares during the last quarter. Finally, AMP Capital Investors Ltd increased its holdings in shares of Grupo Aeroportuario del Centro Nort by 78.1% during the 4th quarter. AMP Capital Investors Ltd now owns 928,553 shares of the transportation company’s stock worth $38,516,000 after acquiring an additional 407,253 shares during the last quarter. 12.91% of the stock is currently owned by institutional investors and hedge funds.

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About Grupo Aeroportuario del Centro Nort

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 Nort (NASDAQ:OMAB)

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