Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Upgraded to “Overweight” at Morgan Stanley

Morgan Stanley upgraded shares of Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) from an equal weight rating to an overweight rating in a report issued on Friday, Marketbeat reports. The firm currently has $77.00 price target on the transportation company’s stock, down from their prior price target of $82.00.

A number of other equities analysts also recently commented on OMAB. StockNews.com downgraded shares of Grupo Aeroportuario del Centro Norte from a buy rating to a hold rating in a research note on Thursday, July 11th. Scotiabank downgraded shares of Grupo Aeroportuario del Centro Norte from a sector perform rating to a sector underperform rating in a research note on Wednesday, May 15th.

Grupo Aeroportuario del Centro Norte Stock Performance

Shares of NASDAQ:OMAB opened at $63.53 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of 10.64, a PEG ratio of 3.49 and a beta of 1.32. The firm’s 50-day moving average is $66.57 and its 200 day moving average is $73.23. Grupo Aeroportuario del Centro Norte has a 12 month low of $50.23 and a 12 month high of $100.21.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last issued its earnings results on Thursday, July 25th. The transportation company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.21. The business had revenue of $203.24 million for the quarter. Grupo Aeroportuario del Centro Norte had a net margin of 35.08% and a return on equity of 53.36%. Research analysts predict that Grupo Aeroportuario del Centro Norte will post 5.98 EPS for the current year.

Institutional Investors Weigh In On Grupo Aeroportuario del Centro Norte

Several hedge funds have recently modified their holdings of the business. INCA Investments LLC increased its stake in shares of Grupo Aeroportuario del Centro Norte by 17.4% in the first quarter. INCA Investments LLC now owns 389,840 shares of the transportation company’s stock worth $30,832,000 after acquiring an additional 57,709 shares during the period. 1832 Asset Management L.P. acquired a new stake in Grupo Aeroportuario del Centro Norte during the second quarter valued at $11,318,000. Russell Investments Group Ltd. grew its position in Grupo Aeroportuario del Centro Norte by 0.7% during the first quarter. Russell Investments Group Ltd. now owns 117,193 shares of the transportation company’s stock valued at $9,269,000 after buying an additional 871 shares during the period. National Bank of Canada FI grew its position in Grupo Aeroportuario del Centro Norte by 63.9% during the fourth quarter. National Bank of Canada FI now owns 114,214 shares of the transportation company’s stock valued at $9,299,000 after buying an additional 44,546 shares during the period. Finally, American Century Companies Inc. grew its position in Grupo Aeroportuario del Centro Norte by 6.1% during the second quarter. American Century Companies Inc. now owns 72,083 shares of the transportation company’s stock valued at $4,876,000 after buying an additional 4,149 shares during the period. Hedge funds and other institutional investors own 9.53% of the company’s stock.

Grupo Aeroportuario del Centro Norte Company Profile

Grupo Aeroportuario del Centro Norte, SAB. de C.V., together with its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico. The company operates 13 international airports in Monterrey, Acapulco, Mazatlán, Zihuatanejo, Ciudad Juárez, Reynosa, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, and Zacatecas cities.