Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Cut to “Sector Underperform” at Scotiabank

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) was downgraded by Scotiabank from a “sector perform” rating to a “sector underperform” rating in a research note issued on Wednesday, MarketBeat Ratings reports.

Separately, The Goldman Sachs Group upped their price objective on Grupo Aeroportuario del Centro Norte from $79.00 to $94.00 and gave the company a “buy” rating in a research note on Friday, January 26th.

Grupo Aeroportuario del Centro Norte Stock Performance

Shares of NASDAQ OMAB traded up $0.74 during trading hours on Wednesday, reaching $89.41. The stock had a trading volume of 507 shares, compared to its average volume of 50,795. The company has a market cap of $3.84 billion, a price-to-earnings ratio of 14.85, a PEG ratio of 5.11 and a beta of 1.31. Grupo Aeroportuario del Centro Norte has a twelve month low of $50.23 and a twelve month high of $100.21. The business’s fifty day moving average is $79.83 and its two-hundred day moving average is $75.25. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.86 and a quick ratio of 1.86.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last released its quarterly earnings data on Thursday, February 22nd. The transportation company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.19. The company had revenue of $211.59 million during the quarter. Grupo Aeroportuario del Centro Norte had a net margin of 34.67% and a return on equity of 54.28%. As a group, research analysts expect that Grupo Aeroportuario del Centro Norte will post 5.7 EPS for the current year.

Institutional Trading of Grupo Aeroportuario del Centro Norte

Several large investors have recently made changes to their positions in the business. INCA Investments LLC grew its holdings in Grupo Aeroportuario del Centro Norte by 10.3% during the 4th quarter. INCA Investments LLC now owns 332,131 shares of the transportation company’s stock worth $28,108,000 after acquiring an additional 30,987 shares during the last quarter. Campbell & CO Investment Adviser LLC lifted its position in shares of Grupo Aeroportuario del Centro Norte by 202.2% during the third quarter. Campbell & CO Investment Adviser LLC now owns 14,050 shares of the transportation company’s stock worth $1,221,000 after purchasing an additional 9,400 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Grupo Aeroportuario del Centro Norte in the fourth quarter valued at about $3,203,000. Alpine Global Management LLC acquired a new position in Grupo Aeroportuario del Centro Norte in the third quarter valued at about $375,000. Finally, Yorktown Management & Research Co Inc boosted its holdings in Grupo Aeroportuario del Centro Norte by 33.8% during the fourth quarter. Yorktown Management & Research Co Inc now owns 4,550 shares of the transportation company’s stock worth $385,000 after buying an additional 1,150 shares during the last quarter. Institutional investors own 9.53% of the company’s stock.

About Grupo Aeroportuario del Centro Norte

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.