Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) Receives Consensus Recommendation of "Hold" from Analysts

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

Several brokerages have recently weighed in on OMAB. 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. JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Friday, May 23rd. Finally, The Goldman Sachs Group upped their price target on shares of Grupo Aeroportuario del Centro Norte from $89.00 to $106.00 and gave the stock a "buy" rating in a research report on Friday, May 16th.

Grupo Aeroportuario del Centro Norte Trading Down 0.5%

OMAB stock opened at $108.26 on Friday. Grupo Aeroportuario del Centro Norte has a 52-week low of $59.08 and a 52-week high of $109.71. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.92. The firm has a market cap of $4.61 billion, a P/E ratio of 20.12, a PEG ratio of 2.85 and a beta of 0.89. The company's 50-day simple moving average is $99.68 and its 200-day simple moving average is $85.06.

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 EPS for the quarter, beating the consensus estimate of $1.28 by $0.02. The company had revenue of $174.65 million for the quarter, compared to analyst estimates of $3.58 billion. Grupo Aeroportuario del Centro Norte had a return on equity of 52.68% and a net margin of 34.62%. As a group, equities analysts forecast that Grupo Aeroportuario del Centro Norte will post 5.53 EPS for the current fiscal year.

Grupo Aeroportuario del Centro Norte Announces Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, June 2nd. Investors 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 dividend yield of 4.1%. Grupo Aeroportuario del Centro Norte's dividend payout ratio (DPR) is presently 39.22%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership raised its holdings in Grupo Aeroportuario del Centro Norte by 30.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 173,672 shares of the transportation company's stock valued at $11,921,000 after acquiring an additional 40,878 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in Grupo Aeroportuario del Centro Norte by 3,581.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 405 shares of the transportation company's stock valued at $28,000 after acquiring an additional 394 shares during the last quarter. Millennium Management LLC raised its holdings in Grupo Aeroportuario del Centro Norte by 5.7% in the 4th quarter. Millennium Management LLC now owns 26,904 shares of the transportation company's stock valued at $1,847,000 after acquiring an additional 1,460 shares during the last quarter. Invesco Ltd. raised its holdings in Grupo Aeroportuario del Centro Norte by 7.9% in the 4th quarter. Invesco Ltd. now owns 17,206 shares of the transportation company's stock valued at $1,181,000 after acquiring an additional 1,257 shares during the last quarter. Finally, Mission Wealth Management LP acquired a new stake in Grupo Aeroportuario del Centro Norte in the 4th quarter valued at about $231,000. Institutional investors and hedge funds own 9.53% of the company's stock.

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.

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