Grupo Aeroportuario del Centro Nort (OMAB) Cut to Neutral at Credit Suisse Group

Credit Suisse Group downgraded shares of Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) from an outperform rating to a neutral rating in a research note issued to investors on Wednesday, Marketbeat Ratings reports.

A number of other research analysts have also issued reports on the stock. Bank of America lowered shares of Grupo Aeroportuario del Centro Nort from a buy rating to an underperform rating in a research note on Tuesday. ValuEngine lowered shares of Grupo Aeroportuario del Centro Nort from a buy rating to a hold rating in a research note on Monday, October 29th. BidaskClub lowered shares of Grupo Aeroportuario del Centro Nort from a strong-buy rating to a buy rating in a research note on Wednesday, October 24th. HSBC lowered shares of Grupo Aeroportuario del Centro Nort from a buy rating to a hold rating in a research note on Monday, October 8th. Finally, Zacks Investment Research upgraded shares of Grupo Aeroportuario del Centro Nort from a hold rating to a buy rating and set a $60.00 target price on the stock in a research note on Wednesday, September 19th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $55.67.

NASDAQ:OMAB traded down $0.44 during midday trading on Wednesday, reaching $43.02. The stock had a trading volume of 72,393 shares, compared to its average volume of 93,463. Grupo Aeroportuario del Centro Nort has a 1-year low of $37.45 and a 1-year high of $58.10. The company has a current ratio of 2.63, a quick ratio of 2.63 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $1.80 billion, a PE ratio of 19.64, a PEG ratio of 4.94 and a beta of 1.09.

A number of hedge funds and other institutional investors have recently bought and sold shares of OMAB. UBS Group AG grew its position in Grupo Aeroportuario del Centro Nort by 552.4% in the 1st quarter. UBS Group AG now owns 9,225 shares of the transportation company’s stock worth $364,000 after purchasing an additional 7,811 shares during the last quarter. Northern Trust Corp grew its position in Grupo Aeroportuario del Centro Nort by 72.0% in the 2nd quarter. Northern Trust Corp now owns 12,560 shares of the transportation company’s stock worth $523,000 after purchasing an additional 5,257 shares during the last quarter. Jane Street Group LLC acquired a new stake in Grupo Aeroportuario del Centro Nort in the 1st quarter worth $618,000. Highstreet Asset Management Inc. acquired a new stake in Grupo Aeroportuario del Centro Nort in the 2nd quarter worth $940,000. Finally, JPMorgan Chase & Co. grew its position in Grupo Aeroportuario del Centro Nort by 55.4% in the 1st quarter. JPMorgan Chase & Co. now owns 23,916 shares of the transportation company’s stock worth $943,000 after purchasing an additional 8,527 shares during the last quarter. Institutional investors own 15.29% of the company’s stock.

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

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