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

Key Points

• Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a consensus rating of "Hold" from six analysts, with one sell, two hold, and three buy recommendations.
• The average 1-year target price for the stock is $88.38, with notable upgrades from analysts, including a price target increase from Goldman Sachs from $89.00 to $106.00.
• The company declared a semi-annual dividend of $2.1363 per share, yielding 4.1%, with a payout ratio of 39.22%.

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

Several research firms recently weighed in on OMAB. The Goldman Sachs Group lifted 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 research note on Friday, May 16th. JPMorgan Chase & Co. reissued an "underweight" rating on shares of Grupo Aeroportuario del Centro Norte in a research report 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 report on Monday, May 19th.

Grupo Aeroportuario del Centro Norte Trading Down 1.0%

Shares of NASDAQ OMAB traded down $1.03 during mid-day trading on Wednesday, hitting $105.40. The company's stock had a trading volume of 32,850 shares, compared to its average volume of 84,589. The stock has a market cap of $4.48 billion, a price-to-earnings ratio of 19.52, a price-to-earnings-growth ratio of 2.57 and a beta of 0.94. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.86 and a quick ratio of 1.77. Grupo Aeroportuario del Centro Norte has a one year low of $59.08 and a one year high of $116.25. The company's fifty day simple moving average is $105.36 and its 200-day simple moving average is $90.29.

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 for the quarter, topping the consensus estimate of $1.28 by $0.02. Grupo Aeroportuario del Centro Norte had a net margin of 33.00% and a return on equity of 52.90%. The business had revenue of $174.65 million for the quarter, compared to analyst estimates of $3.58 billion. On average, sell-side analysts anticipate that Grupo Aeroportuario del Centro Norte will post 5.53 earnings per share for the current fiscal year.

Grupo Aeroportuario del Centro Norte Dividend Announcement

The firm 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. This represents a yield of 410.0%. The ex-dividend date of this dividend was Friday, May 23rd. Grupo Aeroportuario del Centro Norte's dividend payout ratio (DPR) is currently 39.07%.

Institutional Trading of Grupo Aeroportuario del Centro Norte

Several hedge funds and other institutional investors have recently bought and sold shares of the business. American Century Companies Inc. grew its position in shares of Grupo Aeroportuario del Centro Norte by 6.0% during the 4th quarter. American Century Companies Inc. now owns 90,203 shares of the transportation company's stock worth $6,192,000 after purchasing an additional 5,127 shares in the last quarter. 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 buying an additional 40,878 shares during the last quarter. Geode Capital Management LLC raised 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 valued at $353,000 after buying an additional 126 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Grupo Aeroportuario del Centro Norte by 14.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 31,517 shares of the transportation company's stock valued at $2,163,000 after purchasing an additional 4,048 shares during the period. Finally, Invesco Ltd. increased its position in Grupo Aeroportuario del Centro Norte by 7.9% during the 4th quarter. Invesco Ltd. now owns 17,206 shares of the transportation company's stock valued at $1,181,000 after purchasing an additional 1,257 shares during the period. Institutional investors and hedge funds own 9.53% of the company's stock.

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.