Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $103.32 and last traded at $101.55, with a volume of 4490 shares. The stock had previously closed at $101.44.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on OMAB. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Grupo Aeroportuario del Centro Norte in a report on Friday, May 23rd. Jefferies Financial Group increased their target price on Grupo Aeroportuario del Centro Norte from $94.00 to $99.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Bank of America raised Grupo Aeroportuario del Centro Norte from an "underperform" rating to a "neutral" rating in a report on Monday, May 19th. Finally, The Goldman Sachs Group upped their price target on Grupo Aeroportuario del Centro Norte from $89.00 to $106.00 and gave the company a "buy" rating in a report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $88.38.
Get Our Latest Research Report on Grupo Aeroportuario del Centro Norte
Grupo Aeroportuario del Centro Norte Trading Up 1.1%
The company has a market cap of $4.44 billion, a P/E ratio of 18.40 and a beta of 0.89. The stock's 50-day moving average is $90.24 and its two-hundred day moving average is $80.11. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.08 and a quick ratio of 1.08.
Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB - Get Free Report) last announced its earnings results on Tuesday, April 29th. The transportation company reported $1.30 earnings per share for the quarter, beating analysts' consensus estimates of $1.28 by $0.02. The business had revenue of $174.65 million during the quarter, compared to analyst estimates of $3.58 billion. Grupo Aeroportuario del Centro Norte had a net margin of 35.31% and a return on equity of 51.74%. As a group, equities research analysts predict that Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. will post 5.53 earnings per share for the current fiscal year.
Grupo Aeroportuario del Centro Norte Dividend Announcement
The company also recently disclosed a semi-annual dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 23rd were given a dividend of $2.1363 per share. This represents a yield of 4.1%. The ex-dividend date of this dividend was Friday, May 23rd. Grupo Aeroportuario del Centro Norte's dividend payout ratio (DPR) is presently 39.03%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of Grupo Aeroportuario del Centro Norte during the 4th quarter valued at about $116,000. abrdn plc grew its position in Grupo Aeroportuario del Centro Norte by 1.4% during the fourth quarter. abrdn plc now owns 170,233 shares of the transportation company's stock valued at $11,723,000 after buying an additional 2,279 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in Grupo Aeroportuario del Centro Norte by 41.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 685 shares of the transportation company's stock valued at $48,000 after buying an additional 200 shares during the last quarter. Naples Global Advisors LLC increased its holdings in Grupo Aeroportuario del Centro Norte by 2.3% during the fourth quarter. Naples Global Advisors LLC now owns 17,720 shares of the transportation company's stock valued at $1,216,000 after buying an additional 400 shares during the last quarter. Finally, Rhumbline Advisers raised its position in Grupo Aeroportuario del Centro Norte by 3.4% in the fourth quarter. Rhumbline Advisers now owns 9,534 shares of the transportation company's stock worth $654,000 after acquiring an additional 317 shares during the period. 9.53% of the stock is owned by hedge funds and other institutional investors.
About Grupo Aeroportuario del Centro Norte
(
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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.
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