Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Reaches New 1-Year High - Should You Buy?

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB - Get Free Report)'s share price hit 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 traded. The stock had previously closed at $108.21.

Analyst Ratings Changes

A number of equities research analysts have recently commented on OMAB shares. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Friday, May 23rd. The Goldman Sachs Group lifted their price objective on shares of Grupo Aeroportuario del Centro Norte from $89.00 to $106.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Finally, Bank of America raised shares of Grupo Aeroportuario del Centro Norte from an "underperform" rating to a "neutral" rating in a report on Monday, May 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $88.38.

Grupo Aeroportuario del Centro Norte Stock Down 0.6%

The stock has a 50 day moving average of $102.05 and a 200-day moving average of $86.43. The firm has a market capitalization of $4.81 billion, a P/E ratio of 21.03, a PEG ratio of 3.00 and a beta of 0.89. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.77 and a current ratio of 1.77.

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, beating the consensus estimate of $1.28 by $0.02. Grupo Aeroportuario del Centro Norte had a net margin of 34.62% and a return on equity of 52.68%. The company had revenue of $174.65 million for the quarter, compared to analyst estimates of $3.58 billion. 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 firm also recently announced a semi-annual dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 23rd were issued a dividend of $2.1363 per share. The ex-dividend date was Friday, May 23rd. This represents a yield of 4.1%. Grupo Aeroportuario del Centro Norte's payout ratio is 39.22%.

Institutional Investors Weigh In On Grupo Aeroportuario del Centro Norte

Hedge funds and other institutional investors have recently bought and sold shares of the business. Kingstone Capital Partners Texas LLC bought a new stake in shares of Grupo Aeroportuario del Centro Norte during the second quarter valued at about $105,360,000. Deutsche Bank AG increased its position in shares of Grupo Aeroportuario del Centro Norte by 1,173.2% during the fourth quarter. Deutsche Bank AG now owns 273,821 shares of the transportation company's stock valued at $18,795,000 after buying an additional 252,315 shares during the period. AQR Capital Management LLC bought a new stake in shares of Grupo Aeroportuario del Centro Norte during the fourth quarter valued at about $6,660,000. Arrowstreet Capital Limited Partnership increased its holdings in Grupo Aeroportuario del Centro Norte by 30.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 173,672 shares of the transportation company's stock worth $11,921,000 after acquiring an additional 40,878 shares during the period. Finally, Empirical Finance LLC bought a new stake in Grupo Aeroportuario del Centro Norte during the 1st quarter worth approximately $2,258,000. Institutional investors own 9.53% of the company's stock.

About Grupo Aeroportuario del Centro Norte

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.