Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB - Get Free Report) hit a new 52-week high during 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.
Analyst Ratings Changes
Several brokerages have recently commented on OMAB. Bank of America upgraded Grupo Aeroportuario del Centro Norte from an "underperform" rating to a "neutral" rating in a research note on Monday, May 19th. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Friday, May 23rd. Finally, The Goldman Sachs Group lifted their target price on Grupo Aeroportuario del Centro Norte from $89.00 to $106.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. One research 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's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $88.38.
Read Our Latest Stock Report on Grupo Aeroportuario del Centro Norte
Grupo Aeroportuario del Centro Norte Price Performance
The company has a 50 day moving average of $93.09 and a 200-day moving average of $81.61. The firm has a market capitalization of $4.45 billion, a P/E ratio of 18.43 and a beta of 0.89. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.16.
Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB - Get Free Report) last released 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. The business had revenue of $174.65 million during the quarter, compared to the consensus estimate of $3.58 billion. Grupo Aeroportuario del Centro Norte had a return on equity of 51.74% and a net margin of 35.31%. On average, sell-side analysts predict 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 disclosed a semi-annual dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 23rd were issued a $2.1363 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a yield of 4.1%. Grupo Aeroportuario del Centro Norte's dividend payout ratio is presently 39.03%.
Institutional Trading of Grupo Aeroportuario del Centro Norte
Institutional investors have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership lifted its position in shares of 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 valued at $11,921,000 after acquiring an additional 40,878 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of Grupo Aeroportuario del Centro Norte by 3,581.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 405 shares of the transportation company's stock valued at $28,000 after acquiring an additional 394 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Grupo Aeroportuario del Centro Norte by 41.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 685 shares of the transportation company's stock valued at $48,000 after acquiring an additional 200 shares during the period. Millennium Management LLC lifted its position in shares of Grupo Aeroportuario del Centro Norte by 5.7% during the 4th quarter. Millennium Management LLC now owns 26,904 shares of the transportation company's stock valued at $1,847,000 after acquiring an additional 1,460 shares during the period. Finally, Invesco Ltd. lifted its position in shares of Grupo Aeroportuario del Centro Norte by 7.9% during the 4th quarter. Invesco Ltd. now owns 17,206 shares of the transportation company's stock valued at $1,181,000 after acquiring an additional 1,257 shares during the period. 9.53% of the stock is currently owned by institutional investors.
Grupo Aeroportuario del Centro Norte Company Profile
(
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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