NEW YORK ( TheStreet) -- Grupo Aeroportuario del Centro Norte S.A.B (Nasdaq: OMAB) has been upgraded by TheStreet Ratings from hold to buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, solid stock price performance and growth in earnings per share. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

Highlights from the ratings report include:
  • GRUPO AEROPORTUARIO DEL CENT has improved earnings per share by 11.8% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. However, we anticipate underperformance relative to this pattern in the coming year. During the past fiscal year, GRUPO AEROPORTUARIO DEL CENT increased its bottom line by earning $0.90 versus $0.72 in the prior year. For the next year, the market is expecting a contraction of 11.4% in earnings ($0.80 versus $0.90).
  • Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 32.02% over the past year, a rise that has exceeded that of the S&P 500 Index. Turning to the future, naturally, any stock can fall in a major bear market. However, in almost any other environment, the stock should continue to move higher despite the fact that it has already enjoyed nice gains in the past year.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the Transportation Infrastructure industry average, but is less than that of the S&P 500. The net income increased by 14.5% when compared to the same quarter one year prior, going from $8.50 million to $9.73 million.
  • OMAB's revenue growth has slightly outpaced the industry average of 0.1%. Since the same quarter one year prior, revenues slightly increased by 7.4%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., through its subsidiaries, holds concessions to develop, operate, and maintain airports in the central and northern regions of Mexico. The company has a P/E ratio of 37.4, above the average transportation industry P/E ratio of 19.5 and above the S&P 500 P/E ratio of 17.7. Grupo Aeroportuario del Centro Norte S.A.B has a market cap of $750.6 million and is part of the services sector and transportation industry. Shares are up 14.8% year to date as of the close of trading on Wednesday.

You can view the full Grupo Aeroportuario del Centro Norte S.A.B Ratings Report or get investment ideas from our investment research center.
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