Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $106.90 and last traded at $106.04, with a volume of 49176 shares. The stock had previously closed at $103.70.
Analysts Set New Price Targets
Several analysts have recently issued reports on OMAB shares. The Goldman Sachs Group upped their price objective on Grupo Aeroportuario del Centro Norte from $89.00 to $106.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Bank of America upgraded Grupo Aeroportuario del Centro Norte from an "underperform" rating to a "neutral" rating in a report on Monday, May 19th. JPMorgan Chase & Co. restated an "underweight" rating on shares of Grupo Aeroportuario del Centro Norte in a report on Friday, May 23rd. Finally, Jefferies Financial Group increased their price target on Grupo Aeroportuario del Centro Norte from $94.00 to $99.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Grupo Aeroportuario del Centro Norte currently has an average rating of "Hold" and an average price target of $88.38.
View Our Latest Stock Report on Grupo Aeroportuario del Centro Norte
Grupo Aeroportuario del Centro Norte Stock Performance
The company has a debt-to-equity ratio of 1.16, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market cap of $4.48 billion, a price-to-earnings ratio of 18.57 and a beta of 0.89. The firm has a fifty day simple moving average of $92.45 and a two-hundred day simple moving average of $81.21.
Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.02. Grupo Aeroportuario del Centro Norte had a return on equity of 51.74% and a net margin of 35.31%. The firm had revenue of $174.65 million during the quarter, compared to analysts' expectations of $3.58 billion. On average, analysts expect that Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. will post 5.53 EPS for the current year.
Grupo Aeroportuario del Centro Norte Dividend Announcement
The business also recently declared 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 was Friday, May 23rd. Grupo Aeroportuario del Centro Norte's dividend payout ratio is currently 39.03%.
Institutional Trading of Grupo Aeroportuario del Centro Norte
Institutional investors and hedge funds have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership increased its position in shares of Grupo Aeroportuario del Centro Norte by 30.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 173,672 shares of the transportation company's stock valued at $11,921,000 after buying an additional 40,878 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of 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 valued at $28,000 after buying an additional 394 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Grupo Aeroportuario del Centro Norte by 41.2% in 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 in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Grupo Aeroportuario del Centro Norte in the fourth quarter valued at approximately $116,000. Finally, Millennium Management LLC increased its position in shares of Grupo Aeroportuario del Centro Norte by 5.7% in the fourth quarter. Millennium Management LLC now owns 26,904 shares of the transportation company's stock valued at $1,847,000 after buying an additional 1,460 shares in the last quarter. 9.53% of the stock is currently 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.
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