In a note to investors that were distributed on Wednesday, research analysts from Citigroup downgraded Grupo Aeroportuario del Centro Norte (NASDAQ: OMAB) from a “neutral” recommendation to a “sell” rating. The note was published in a research note.
There have been several additional equity analysts who have weighed in with their perspectives on the company. The “buy” recommendation given to Grupo Aeroportuario del Centro Norte by UBS Group was changed to a “neutral” rating in a study that was made public on the 21st of November. On Wednesday, October 12, StockNews.com published a research note on Grupo Aeroportuario del Centro Norte stock, which marked the beginning of the website’s coverage of the company’s shares of stock. They recommended that shareholders “hold” their shares of the company. Goldman Sachs Group upgraded Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating and raised their target price on the stock from $55.00 to $64.00 in a research note that was published on Tuesday, November 1st.
Additionally, the target price was raised from $55.00 to $64.00. This change occurred after the company had previously recommended that investors “hold” onto the stock. JPMorgan Chase & Co. has recommended “overweight” for Grupo Aeroportuario del Centro Norte in the past; however, in a report published on November 21st, they changed their recommendation to “neutral” for the company. The stock has been recommended to sell by one of the equity research analysts, a recommendation to hold it by three, and a rating to buy by three. Bloomberg has provided information indicating that the company currently has a consensus rating of “Hold,” with an average price goal of $64.13.
The NASDAQ OMAB began trading for $66.26 on Wednesday. A debt-to-equity ratio comes in at 1.04, a quick ratio at 0.98, and a current ratio at 0.98. The company’s market capitalization is currently sitting at 2.82 billion dollars, and it possesses a PE ratio of 17.03, a PEG ratio of 6.05, and a beta coefficient of 1.26. During the last 52 weeks, the price of Grupo Aeroportuario del Centro Norte has fluctuated between a low of $46.53 and a high of $71.86, with a low of $46.53. The straightforward moving average of the company’s stock price over the past 50 days is $64, and the straightforward moving average over the past 200 days is $57.
On Friday, October 28th, Grupo Aeroportuario del Centro Norte (NASDAQ: OMAB) released its most recent quarterly earnings report. The report was for the fiscal period ending in the previous quarter. The transportation company’s earnings per share for the previous quarter came in at $1.13, an increase of $0.01 compared to the average projection of $1.12 per share in the previous quarter. The transportation company’s earnings per share for the previous quarter came in at $1.13, an increase of $0.01 compared to the average projection of $1.12 per share. The company reported total revenues of $155.51 million for the period in question. During the research, Grupo Aeroportuario del Centro Norte generated a net margin of 34.53% and a return on equity of 46.33%. In accordance with the projections of market analysts, earnings of $3.62 per share are anticipated to be generated by Grupo Aeroportuario del Centro Norte in 2017.
Recent times have seen increased activity from hedge funds regarding the purchase and sale of stock. The Royal Bank of Canada achieved a 62.7% increase in the size of its holdings in Grupo Aeroportuario del Centro Norte over the third quarter. After making an additional purchase of 205 shares during the most recent quarter, Royal Bank of Canada now possesses a total of 532 shares in the transportation company, which are now valued at $27,000. These shares were acquired after the Royal Bank of Canada made an additional purchase during the most recent quarter. In addition, quadrant Capital Group LLC successfully increased the proportion of Grupo Aeroportuario del Centro Norte, owned by 37.2% during the second quarter. Since the beginning of the most recent quarter, Quadrant Capital Group LLC has purchased an additional 284 shares of the transportation company, bringing the total number of shares it owns to a total of 1,047. The current market value of these shares fr $54,000. During the second quarter, Deutsche Bank AG completed an increase of 1.1% in the proportion of Grupo Aeroportuario del Centro Norte stock it owned. Following the acquisition of an additional 373 shares during the prior quarter, Deutsche Bank AG now holds 35,182 shares of the company specializing in transportation. These shares are currently trading on the market for $1,802,000. During the third quarter of 2018, Atlas Capital Advisors LLC opened a new position in Grupo Aeroportuario del Centro Norte, which entailed an investment of approximately $28,000. During the first three months of this year, Invesco Ltd. increased the amount of Grupo Aeroportuario del Centro Norte stock owned by 4.3%, bringing us to our final point. Following the acquisition of an additional 834 shares during the preceding quarter, Invesco Ltd. now possesses 20,195 shares of the stock held by the transportation company. These shares have a combined value that is equal to a total of $1,205,000. At the moment, institutions hold ownership of 9.97% of the total company stock.
In Mexico, Grupo Aeroportuario del Centro Norte, SAB de C.V., and its affiliates are in charge of airport development, operation, and maintenance concessions. Some of the cities that the company’s 13 international airports serve include Monterrey, Acapulco, Mazatlán, Zihuatanejo, Ciudad Juárez, Reynosa, Chihuahua, Culiacán, Durango, San Luis Potosi, Tampico, Torreón, and Zacatecas. Other cities that are served include Zacatecas and Torreón. Zacatecas and Torreón are two of the other cities in the region.
Ronald Kaufman is a veteran analyst and researcher with an expertise in the fields of Pharma, Cyber, FoodTech and Blockchain. He has been published on entrepreneur.com, GuruFocus, Finextra Research and others. He is currently a researcher at the Future Markets Research Tank (FMRT), where he does deep-dive market analysis and research in a number of industries.
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