Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $108.29 and last traded at $107.74, with a volume of 18922 shares trading hands. The stock had previously closed at $107.16.
Analysts Set New Price Targets
OMAB has been the subject of a number of recent research reports. The Goldman Sachs Group lifted their target price 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. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Grupo Aeroportuario del Centro Norte in a report on Friday, May 23rd. Finally, Bank of America upgraded Grupo Aeroportuario del Centro Norte from an "underperform" rating to a "neutral" rating in a report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $88.38.
Check Out Our Latest Report on Grupo Aeroportuario del Centro Norte
Grupo Aeroportuario del Centro Norte Price Performance
The stock has a fifty day moving average of $99.68 and a 200-day moving average of $85.15. 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 stock has a market capitalization of $4.61 billion, a price-to-earnings ratio of 20.12, a P/E/G ratio of 2.85 and a beta of 0.89.
Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.28 by $0.02. Grupo Aeroportuario del Centro Norte had a return on equity of 52.68% and a net margin of 34.62%. The firm had revenue of $174.65 million during the quarter, compared to the consensus estimate of $3.58 billion. On average, 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 announced a semi-annual dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 23rd were issued a $2.1363 dividend. This represents a dividend yield of 4.1%. The ex-dividend date was Friday, May 23rd. Grupo Aeroportuario del Centro Norte's payout ratio is currently 39.22%.
Institutional Trading of Grupo Aeroportuario del Centro Norte
Several institutional investors and hedge funds have recently made changes to their positions in the company. Militia Capital Partners LP lifted its holdings in shares of Grupo Aeroportuario del Centro Norte by 18.2% in the 1st quarter. Militia Capital Partners LP now owns 48,652 shares of the transportation company's stock valued at $3,826,000 after purchasing an additional 7,500 shares during the last quarter. Advisors Capital Management LLC lifted its holdings in shares of Grupo Aeroportuario del Centro Norte by 3.5% in the 1st quarter. Advisors Capital Management LLC now owns 30,141 shares of the transportation company's stock valued at $2,370,000 after purchasing an additional 1,011 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Grupo Aeroportuario del Centro Norte in the 1st quarter valued at about $591,000. Vident Advisory LLC increased its position in Grupo Aeroportuario del Centro Norte by 55.9% in the 1st quarter. Vident Advisory LLC now owns 10,964 shares of the transportation company's stock valued at $862,000 after acquiring an additional 3,932 shares during the period. Finally, Canada Pension Plan Investment Board increased its position in Grupo Aeroportuario del Centro Norte by 77.9% in the 1st quarter. Canada Pension Plan Investment Board now owns 41,100 shares of the transportation company's stock valued at $3,232,000 after acquiring an additional 18,000 shares during the period. 9.53% of the stock is owned by hedge funds and other institutional investors.
About Grupo Aeroportuario del Centro Norte
(
Get Free Report)
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.
Recommended Stories
Before you consider Grupo Aeroportuario del Centro Norte, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Grupo Aeroportuario del Centro Norte wasn't on the list.
While Grupo Aeroportuario del Centro Norte currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
