Shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as $110.69 and last traded at $110.21, with a volume of 89478 shares changing hands. The stock had previously closed at $108.21.
Analyst Ratings Changes
A number of analysts have commented on OMAB shares. The Goldman Sachs Group upped their price objective on shares of Grupo Aeroportuario del Centro Norte from $89.00 to $106.00 and gave the company a "buy" rating in a research note on Friday, May 16th. JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Friday, May 23rd. Finally, Bank of America raised shares of Grupo Aeroportuario del Centro Norte from an "underperform" rating to a "neutral" rating in a research note on Monday, May 19th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Grupo Aeroportuario del Centro Norte currently has a consensus rating of "Hold" and an average target price of $88.38.
Read Our Latest Stock Analysis on OMAB
Grupo Aeroportuario del Centro Norte Stock Up 0.5%
The business's 50-day moving average price is $100.11 and its 200-day moving average price is $85.51. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $4.71 billion, a PE ratio of 20.59, a price-to-earnings-growth ratio of 2.85 and a beta of 0.89.
Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, topping 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 34.62% and a return on equity of 52.68%. As a group, equities research analysts predict that Grupo Aeroportuario del Centro Norte S.A.B. de C.V. will post 5.53 EPS 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 issued a $2.1363 dividend. The ex-dividend date was Friday, May 23rd. This represents a yield of 4.1%. Grupo Aeroportuario del Centro Norte's dividend payout ratio is currently 39.22%.
Hedge Funds Weigh In On Grupo Aeroportuario del Centro Norte
Hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its holdings in Grupo Aeroportuario del Centro Norte by 3,581.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 405 shares of the transportation company's stock worth $28,000 after buying an additional 394 shares during the last quarter. US Bancorp DE increased its holdings in Grupo Aeroportuario del Centro Norte by 25.6% in the first quarter. US Bancorp DE now owns 761 shares of the transportation company's stock worth $60,000 after buying an additional 155 shares during the last quarter. Cerity Partners LLC acquired a new position in Grupo Aeroportuario del Centro Norte in the first quarter worth approximately $244,000. Geode Capital Management LLC increased its holdings in Grupo Aeroportuario del Centro Norte by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 5,140 shares of the transportation company's stock worth $353,000 after buying an additional 126 shares during the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new position in Grupo Aeroportuario del Centro Norte in the fourth quarter worth approximately $462,000. Institutional investors and hedge funds own 9.53% of the company's stock.
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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