Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) Given Average Recommendation of "Hold" by Brokerages

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB - Get Free Report) has received an average recommendation of "Hold" from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $88.38.

Several equities analysts have commented on the stock. Bank of America raised shares of Grupo Aeroportuario del Centro Norte from an "underperform" rating to a "neutral" rating in a research report on Monday, May 19th. JPMorgan Chase & Co. reissued an "underweight" rating on shares of Grupo Aeroportuario del Centro Norte in a report on Friday, May 23rd. Finally, The Goldman Sachs Group boosted their target price on 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.

Hedge Funds Weigh In On Grupo Aeroportuario del Centro Norte

Large investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its holdings 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 worth $28,000 after purchasing an additional 394 shares in the last quarter. US Bancorp DE increased its holdings 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 valued at $60,000 after buying an additional 155 shares during the period. Mission Wealth Management LP acquired a new stake in shares of Grupo Aeroportuario del Centro Norte during the 4th quarter valued at about $231,000. Cerity Partners LLC acquired a new stake in shares of Grupo Aeroportuario del Centro Norte during the 1st quarter valued at about $244,000. Finally, Geode Capital Management LLC increased its stake in 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 acquiring an additional 126 shares during the period. Institutional investors and hedge funds own 9.53% of the company's stock.

Grupo Aeroportuario del Centro Norte Stock Up 0.5%

Shares of Grupo Aeroportuario del Centro Norte stock traded up $0.57 during trading on Friday, hitting $110.78. 89,716 shares of the stock traded hands, compared to its average volume of 74,053. The company has a fifty day moving average price of $100.61 and a two-hundred day moving average price of $85.68. Grupo Aeroportuario del Centro Norte has a twelve month low of $59.08 and a twelve month high of $113.39. The stock has a market cap of $4.71 billion, a P/E ratio of 20.59, a PEG ratio of 2.90 and a beta of 0.89. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.77 and a current ratio of 1.77.

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, topping the consensus estimate of $1.28 by $0.02. The company 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 net margin of 34.62% and a return on equity of 52.68%. Equities research analysts predict that Grupo Aeroportuario del Centro Norte will post 5.53 EPS for the current fiscal year.

Grupo Aeroportuario del Centro Norte Dividend Announcement

The business also recently declared a semi-annual dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 23rd were given a $2.1363 dividend. The ex-dividend date was Friday, May 23rd. This represents a yield of 4.1%. Grupo Aeroportuario del Centro Norte's dividend payout ratio is 39.22%.

About Grupo Aeroportuario del Centro Norte

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.