Grupo Aeroportuario del Centro Nort (OMAB) Cut to “Underperform” at Bank of America

Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) was downgraded by Bank of America from a “buy” rating to an “underperform” rating in a report issued on Tuesday, MarketBeat Ratings reports.

Several other research analysts have also weighed in on the stock. BidaskClub upgraded shares of Grupo Aeroportuario del Centro Nort from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 21st. Santander lowered shares of Grupo Aeroportuario del Centro Nort from a “buy” rating to a “hold” rating in a research note on Tuesday, September 18th. UBS Group initiated coverage on shares of Grupo Aeroportuario del Centro Nort in a research note on Monday, August 27th. They issued a “buy” rating on the stock. 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 price target on the stock in a research note on Wednesday, September 19th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $59.00.

Grupo Aeroportuario del Centro Nort stock opened at $41.77 on Tuesday. The stock has a market cap of $1.81 billion, a PE ratio of 19.07, a PEG ratio of 4.99 and a beta of 0.72. Grupo Aeroportuario del Centro Nort has a fifty-two week low of $37.45 and a fifty-two week 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.

A number of institutional investors and hedge funds have recently made changes to their positions in OMAB. UBS Group AG grew its stake 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 valued at $364,000 after buying an additional 7,811 shares during the last quarter. Northern Trust Corp grew its stake 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 valued at $523,000 after buying an additional 5,257 shares during the last quarter. Jane Street Group LLC acquired a new position in Grupo Aeroportuario del Centro Nort in the 1st quarter valued at about $618,000. Highstreet Asset Management Inc. acquired a new position in Grupo Aeroportuario del Centro Nort in the 2nd quarter valued at about $940,000. Finally, JPMorgan Chase & Co. grew its stake 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 valued at $943,000 after buying an additional 8,527 shares during the last quarter. Institutional investors and hedge funds own 15.29% of the company’s stock.

About Grupo Aeroportuario del Centro Nort

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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