Grupo Aeroportuario del Centro Nort (OMAB) Downgraded by Credit Suisse Group to “Neutral”

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Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) was downgraded by equities researchers at Credit Suisse Group from an “outperform” rating to a “neutral” rating in a report issued on Wednesday, The Fly reports.

Several other equities research analysts have also recently commented on the company. Bank of America cut Grupo Aeroportuario del Centro Nort from a “buy” rating to an “underperform” rating in a research note on Tuesday. ValuEngine cut Grupo Aeroportuario del Centro Nort from a “buy” rating to a “hold” rating in a research note on Monday. BidaskClub cut Grupo Aeroportuario del Centro Nort from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 24th. HSBC cut 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 raised Grupo Aeroportuario del Centro Nort from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research note on Wednesday, September 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $59.00.

NASDAQ OMAB traded down $0.39 during trading hours on Wednesday, hitting $41.82. 62,116 shares of the company’s stock were exchanged, compared to its average volume of 77,799. Grupo Aeroportuario del Centro Nort has a 1-year low of $37.45 and a 1-year high of $58.10. The stock has a market capitalization of $2.09 billion, a P/E ratio of 19.09, a P/E/G ratio of 5.22 and a beta of 0.72. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.63 and a quick ratio of 2.63.

A number of large investors have recently made changes to their positions in the business. BlackRock Inc. grew its position in Grupo Aeroportuario del Centro Nort by 41.7% during the second quarter. BlackRock Inc. now owns 692,592 shares of the transportation company’s stock worth $28,847,000 after buying an additional 203,826 shares in the last quarter. Renaissance Technologies LLC grew its position in Grupo Aeroportuario del Centro Nort by 1.9% during the second quarter. Renaissance Technologies LLC now owns 517,000 shares of the transportation company’s stock worth $21,533,000 after buying an additional 9,800 shares in the last quarter. Millennium Management LLC grew its position in Grupo Aeroportuario del Centro Nort by 5.8% during the first quarter. Millennium Management LLC now owns 309,894 shares of the transportation company’s stock worth $12,213,000 after buying an additional 16,878 shares in the last quarter. Azimuth Capital Management LLC grew its position in Grupo Aeroportuario del Centro Nort by 6.0% during the second quarter. Azimuth Capital Management LLC now owns 98,960 shares of the transportation company’s stock worth $4,122,000 after buying an additional 5,575 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in Grupo Aeroportuario del Centro Nort by 9.4% during the third quarter. Russell Investments Group Ltd. now owns 81,644 shares of the transportation company’s stock worth $4,637,000 after buying an additional 7,007 shares in 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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