Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $116.26 and last traded at $111.94, with a volume of 5093 shares trading hands. The stock had previously closed at $113.14.
Analyst Upgrades and Downgrades
Several analysts have issued reports on OMAB shares. JPMorgan Chase & Co. restated an "underweight" rating on shares of Grupo Aeroportuario del Centro Norte in a research note 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 upped 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $88.38.
Check Out Our Latest Stock Report on OMAB
Grupo Aeroportuario del Centro Norte Price Performance
The company has a market capitalization of $4.79 billion, a P/E ratio of 20.95, a price-to-earnings-growth ratio of 2.96 and a beta of 0.89. The company has a fifty day moving average price of $103.31 and a 200 day moving average price of $87.29. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.77 and a quick ratio of 1.77.
Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, topping 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 business had revenue of $174.65 million during the quarter, compared to analyst estimates of $3.58 billion. On average, sell-side analysts forecast 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 Announces Dividend
The firm also recently disclosed 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 yield of 4.1%. The ex-dividend date of this dividend was Friday, May 23rd. Grupo Aeroportuario del Centro Norte's dividend payout ratio (DPR) is 39.03%.
Hedge Funds Weigh In On Grupo Aeroportuario del Centro Norte
A number of institutional investors and hedge funds have recently added to or reduced their stakes in OMAB. Arrowstreet Capital Limited Partnership boosted its stake 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 valued at $11,921,000 after purchasing an additional 40,878 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in 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 purchasing an additional 394 shares in the last quarter. Millennium Management LLC boosted its stake in 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 purchasing an additional 1,460 shares in the last quarter. Invesco Ltd. boosted its stake in 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 purchasing an additional 1,257 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Grupo Aeroportuario del Centro Norte by 14.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 31,517 shares of the transportation company's stock valued at $2,163,000 after purchasing an additional 4,048 shares in the last quarter. 9.53% of the stock is 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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