Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $88.96 and traded as high as $109.68. Grupo Aeroportuario del Centro Norte shares last traded at $108.60, with a volume of 122,275 shares trading hands.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on OMAB. The Goldman Sachs Group increased their price objective 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. JPMorgan Chase & Co. reissued an "underweight" rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Friday, May 23rd. Finally, Bank of America raised Grupo Aeroportuario del Centro Norte from an "underperform" rating to a "neutral" rating in a research note on Monday, May 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $88.38.
Read Our Latest Research Report on OMAB
Grupo Aeroportuario del Centro Norte Stock Performance
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 firm has a fifty day moving average price of $104.88 and a 200 day moving average price of $89.43. The stock has a market cap of $4.37 billion, a PE ratio of 19.11, a price-to-earnings-growth ratio of 2.59 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 EPS for the quarter, beating 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 firm had revenue of $174.65 million for the quarter, compared to analysts' expectations of $3.58 billion. Research analysts forecast 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 company 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 payout ratio is 39.22%.
Institutional Investors Weigh In On Grupo Aeroportuario del Centro Norte
Several institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in Grupo Aeroportuario del Centro Norte by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 5,140 shares of the transportation company's stock worth $353,000 after buying an additional 126 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Grupo Aeroportuario del Centro Norte by 0.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 31,667 shares of the transportation company's stock worth $2,490,000 after purchasing an additional 150 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in Grupo Aeroportuario del Centro Norte by 3.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,595 shares of the transportation company's stock worth $485,000 after purchasing an additional 153 shares in the last quarter. US Bancorp DE lifted its stake in Grupo Aeroportuario del Centro Norte by 25.6% in the 1st quarter. US Bancorp DE now owns 761 shares of the transportation company's stock worth $60,000 after purchasing an additional 155 shares in the last quarter. Finally, Itau Unibanco Holding S.A. lifted its stake in Grupo Aeroportuario del Centro Norte by 3.2% in the 1st quarter. Itau Unibanco Holding S.A. now owns 6,902 shares of the transportation company's stock worth $543,000 after purchasing an additional 212 shares in the last quarter. 9.53% of the stock is currently owned by institutional investors and hedge funds.
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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