Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) Receives $88.38 Consensus Target Price from Analysts

Shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB - Get Free Report) have earned a consensus rating of "Hold" from the six brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $88.38.

A number of equities research analysts have commented on the stock. The Goldman Sachs Group increased their price objective on shares of 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 raised shares of Grupo Aeroportuario del Centro Norte from an "underperform" rating to a "neutral" rating in a report on Monday, May 19th. Jefferies Financial Group increased their price objective on shares of Grupo Aeroportuario del Centro Norte from $94.00 to $99.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. reissued an "underweight" rating on shares of Grupo Aeroportuario del Centro Norte in a report on Friday, May 23rd.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Fisher Funds Management LTD acquired a new position in Grupo Aeroportuario del Centro Norte during the 4th quarter valued at about $33,617,000. Deutsche Bank AG lifted its position in Grupo Aeroportuario del Centro Norte by 1,173.2% during the 4th quarter. Deutsche Bank AG now owns 273,821 shares of the transportation company's stock valued at $18,795,000 after purchasing an additional 252,315 shares during the period. Arrowstreet Capital Limited Partnership lifted its position 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 during the period. American Century Companies Inc. lifted its position in Grupo Aeroportuario del Centro Norte by 8.3% during the 1st quarter. American Century Companies Inc. now owns 97,716 shares of the transportation company's stock valued at $7,683,000 after purchasing an additional 7,513 shares during the period. Finally, AQR Capital Management LLC acquired a new position in Grupo Aeroportuario del Centro Norte during the 4th quarter valued at about $6,660,000. 9.53% of the stock is currently owned by institutional investors and hedge funds.

Grupo Aeroportuario del Centro Norte Price Performance

Shares of OMAB traded down $1.04 during trading hours on Tuesday, hitting $105.31. The stock had a trading volume of 47,335 shares, compared to its average volume of 72,326. The company's fifty day moving average is $92.45 and its two-hundred day moving average is $81.21. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.08 and a quick ratio of 1.08. Grupo Aeroportuario del Centro Norte has a 52 week low of $59.08 and a 52 week high of $108.23. The stock has a market capitalization of $4.48 billion, a price-to-earnings ratio of 18.57 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 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.02. Grupo Aeroportuario del Centro Norte had a net margin of 35.31% and a return on equity of 51.74%. The business had revenue of $174.65 million for the quarter, compared to analyst estimates of $3.58 billion. On average, analysts anticipate that Grupo Aeroportuario del Centro Norte will post 5.53 EPS for the current year.

Grupo Aeroportuario del Centro Norte Announces Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 23rd were given a dividend of $2.1363 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a yield of 4.1%. Grupo Aeroportuario del Centro Norte's payout ratio is presently 39.03%.

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.