Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Sets New 52-Week High - What's Next?

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB - Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as $116.26 and last traded at $111.94, with a volume of 5093 shares. The stock had previously closed at $113.14.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on OMAB shares. The Goldman Sachs Group raised their target price on shares of 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. JPMorgan Chase & Co. restated an "underweight" rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Friday, May 23rd. Finally, Bank of America upgraded shares of Grupo Aeroportuario del Centro Norte from an "underperform" rating to a "neutral" rating in a research note on Monday, May 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $88.38.

Grupo Aeroportuario del Centro Norte Stock Performance

The stock has a market cap of $4.81 billion, a P/E ratio of 21.04, a PEG ratio of 2.96 and a beta of 0.89. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.77 and a quick ratio of 1.77. The firm's 50-day moving average price is $102.97 and its 200-day moving average price is $87.11.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $174.65 million for the quarter, compared to analysts' expectations of $3.58 billion. Grupo Aeroportuario del Centro Norte had a net margin of 34.62% and a return on equity of 52.68%. Sell-side analysts expect 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 firm 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 dividend payout ratio (DPR) is presently 39.22%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of OMAB. Tower Research Capital LLC TRC grew its holdings 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 purchasing an additional 394 shares in the last quarter. US Bancorp DE grew its holdings in shares of Grupo Aeroportuario del Centro Norte by 25.6% in the first quarter. US Bancorp DE now owns 761 shares of the transportation company's stock valued at $60,000 after purchasing an additional 155 shares in the last quarter. Ballentine Partners LLC purchased a new position in shares of Grupo Aeroportuario del Centro Norte in the second quarter valued at $211,000. Cerity Partners LLC purchased a new position in shares of Grupo Aeroportuario del Centro Norte in the first quarter valued at $244,000. Finally, Geode Capital Management LLC grew its holdings in shares of Grupo Aeroportuario del Centro Norte by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 5,140 shares of the transportation company's stock valued at $353,000 after purchasing an additional 126 shares in the last quarter. 9.53% of the stock is 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.