Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Downgraded by StockNews.com to “Hold”

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB – Get Rating) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

A number of other brokerages also recently weighed in on OMAB. JPMorgan Chase & Co. downgraded Grupo Aeroportuario del Centro Norte from a “neutral” rating to an “underweight” rating in a research report on Thursday, March 30th. Citigroup started coverage on Grupo Aeroportuario del Centro Norte in a research report on Tuesday, April 18th. They issued a “sell” rating on the stock. Scotiabank raised Grupo Aeroportuario del Centro Norte from an “underperform” rating to a “sector perform” rating in a research report on Monday, March 13th. Finally, The Goldman Sachs Group upped their target price on Grupo Aeroportuario del Centro Norte from $64.00 to $76.00 and gave the company a “buy” rating in a research report on Friday, March 3rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Grupo Aeroportuario del Centro Norte presently has a consensus rating of “Hold” and an average target price of $67.00.

Grupo Aeroportuario del Centro Norte Price Performance

Shares of NASDAQ OMAB opened at $84.34 on Friday. The business’s 50 day moving average price is $86.54 and its two-hundred day moving average price is $76.73. The company has a market cap of $3.63 billion, a PE ratio of 18.66, a price-to-earnings-growth ratio of 6.56 and a beta of 1.34. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 1.32. Grupo Aeroportuario del Centro Norte has a twelve month low of $46.53 and a twelve month high of $92.80.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Royal Bank of Canada lifted its stake in shares of Grupo Aeroportuario del Centro Norte by 62.7% in the 3rd quarter. Royal Bank of Canada now owns 532 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 205 shares during the last quarter. Atlas Capital Advisors LLC bought a new position in shares of Grupo Aeroportuario del Centro Norte in the 3rd quarter valued at $28,000. Citigroup Inc. lifted its stake in shares of Grupo Aeroportuario del Centro Norte by 225.5% in the 4th quarter. Citigroup Inc. now owns 651 shares of the transportation company’s stock valued at $40,000 after acquiring an additional 451 shares during the last quarter. Belpointe Asset Management LLC bought a new position in shares of Grupo Aeroportuario del Centro Norte in the 4th quarter valued at $46,000. Finally, Fortis Capital Advisors LLC bought a new position in shares of Grupo Aeroportuario del Centro Norte in the 4th quarter valued at $46,000. 9.38% of the stock is currently owned by institutional investors.

Grupo Aeroportuario del Centro Norte Company Profile

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Grupo Aeroportuario del Centro Norte SAB de CV is a holding company, which engages in operating and managing airports. It operates through the following segments: Metropolitan, Tourist, Regional, Border, Hotel, Industrial Park, and Other. The Metropolitan segment handles operations of the Monterrey airport.