Grupo Aeroportuario del Centro Nort (OMAB) Shares Rating Boosted by Zacks Investment Research

Grupo Aeroportuario del Centro Nort (OMAB) Shares Rating Boosted by Zacks Investment Research

Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Friday.

According to Zacks, “OMA operates and manages 13 international airports in the north and central regions of Mexico. OMA’s airports serve Monterrey, México’s third largest metropolitan area, the tourist destinations of Acapulco, Mazatlan, and Zihuatanejo, and nine other regional centers and border cities. OMA’s airports fulfill international safety norms and have received environmental compliance certificates. Their corporate name is Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., and they serve their passengers, their airlines, and their business partners under the commercial name OMA. “

A number of other analysts also recently commented on OMAB. Scotiabank downgraded Grupo Aeroportuario del Centro Nort from an “outperform” rating to a “sector perform” rating in a report on Friday, December 9th. JPMorgan Chase & Co. upgraded Grupo Aeroportuario del Centro Nort from a “neutral” rating to an “overweight” rating in a report on Friday, March 3rd. Finally, Citigroup Inc upgraded Grupo Aeroportuario del Centro Nort from a “neutral” rating to a “buy” rating in a report on Tuesday, January 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $76.33.

Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) traded up 0.35% during mid-day trading on Friday, reaching $43.55. The company’s stock had a trading volume of 163,581 shares. Grupo Aeroportuario del Centro Nort has a 1-year low of $30.05 and a 1-year high of $53.58. The stock has a market capitalization of $2.14 billion, a P/E ratio of 21.86 and a beta of 0.98. The stock’s 50 day moving average price is $39.51 and its 200 day moving average price is $40.01.

Several hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its stake in shares of Grupo Aeroportuario del Centro Nort by 109,250.0% in the third quarter. Wells Fargo & Company MN now owns 2,187 shares of the company’s stock worth $103,000 after buying an additional 2,185 shares during the period. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of Grupo Aeroportuario del Centro Nort during the third quarter worth $246,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Grupo Aeroportuario del Centro Nort during the fourth quarter worth $203,000. Conning Inc. acquired a new stake in shares of Grupo Aeroportuario del Centro Nort during the third quarter worth $490,000. Finally, State Street Corp boosted its stake in shares of Grupo Aeroportuario del Centro Nort by 41.2% in the fourth quarter. State Street Corp now owns 14,433 shares of the company’s stock worth $499,000 after buying an additional 4,210 shares during the period. Institutional investors and hedge funds own 10.80% of the company’s stock.

Grupo Aeroportuario del Centro Nort 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.

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