Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Reaches New 52-Week High - Should You Buy?

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB - Get Free Report) shares hit a new 52-week high on Wednesday . The stock traded as high as $108.29 and last traded at $107.74, with a volume of 18922 shares. The stock had previously closed at $107.16.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Grupo Aeroportuario del Centro Norte in a research report on Friday, May 23rd. 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 increased 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. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Grupo Aeroportuario del Centro Norte has a consensus rating of "Hold" and a consensus target price of $88.38.

Grupo Aeroportuario del Centro Norte Trading Up 1.2%

The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.77 and a current ratio of 1.77. The business has a fifty day simple moving average of $98.54 and a 200 day simple moving average of $84.41. The company has a market cap of $4.61 billion, a P/E ratio of 20.14, a P/E/G ratio of 2.78 and a beta of 0.89.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB - Get Free Report) last posted its 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. The firm 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%. Analysts anticipate 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 Announces Dividend

The business also recently announced a semi-annual dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 23rd were issued a $2.1363 dividend. This represents a dividend yield of 4.1%. The ex-dividend date of this dividend was Friday, May 23rd. Grupo Aeroportuario del Centro Norte's payout ratio is 39.22%.

Hedge Funds Weigh In On Grupo Aeroportuario del Centro Norte

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Deutsche Bank AG grew its position in Grupo Aeroportuario del Centro Norte by 1,173.2% in the fourth quarter. Deutsche Bank AG now owns 273,821 shares of the transportation company's stock worth $18,795,000 after acquiring an additional 252,315 shares in the last quarter. AQR Capital Management LLC acquired a new stake in shares of Grupo Aeroportuario del Centro Norte during the 4th quarter valued at about $6,660,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Grupo Aeroportuario del Centro Norte by 30.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 173,672 shares of the transportation company's stock worth $11,921,000 after buying an additional 40,878 shares in the last quarter. Empirical Finance LLC acquired a new position in Grupo Aeroportuario del Centro Norte during the first quarter worth $2,258,000. Finally, Uniplan Investment Counsel Inc. bought a new position in Grupo Aeroportuario del Centro Norte during the 4th quarter valued at about $1,850,000. 9.53% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Centro Norte Company Profile

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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