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

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB - Get Free Report) has been given an average rating of "Hold" by the six analysts that are currently covering the stock, Marketbeat.com reports. One equities research 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 price objective among brokers that have issued ratings on the stock in the last year is $88.38.

Several brokerages have recently weighed in on OMAB. The Goldman Sachs Group lifted 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 note 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 research note on Monday, May 19th. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Grupo Aeroportuario del Centro Norte in a research report on Friday, May 23rd.

Grupo Aeroportuario del Centro Norte Stock Performance

OMAB stock traded up $1.00 during trading hours on Wednesday, hitting $105.63. 126,291 shares of the stock were exchanged, compared to its average volume of 82,566. The company has a 50-day simple moving average of $105.09 and a two-hundred day simple moving average of $89.86. The firm has a market capitalization of $4.49 billion, a P/E ratio of 19.56, a P/E/G ratio of 2.53 and a beta of 0.89. The company has a current ratio of 0.86, a quick ratio of 1.77 and a debt-to-equity ratio of 1.35. Grupo Aeroportuario del Centro Norte has a 12 month low of $59.08 and a 12 month high of $116.25.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.30 EPS 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, analysts forecast that Grupo Aeroportuario del Centro Norte will post 5.53 earnings per share 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 issued a dividend of $2.1363 per share. This represents a dividend yield of 4.1%. The ex-dividend date of this dividend was Friday, May 23rd. Grupo Aeroportuario del Centro Norte's dividend payout ratio (DPR) is presently 39.22%.

Institutional Trading of Grupo Aeroportuario del Centro Norte

Several hedge funds have recently added to or reduced their stakes in OMAB. Kingstone Capital Partners Texas LLC purchased a new position in shares of Grupo Aeroportuario del Centro Norte during the 2nd quarter worth approximately $105,360,000. Deutsche Bank AG boosted its stake in Grupo Aeroportuario del Centro Norte by 1,173.2% in the fourth quarter. Deutsche Bank AG now owns 273,821 shares of the transportation company's stock valued at $18,795,000 after acquiring an additional 252,315 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Grupo Aeroportuario del Centro Norte by 30.8% during the fourth 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 in the last quarter. Aberdeen Group plc grew its stake in Grupo Aeroportuario del Centro Norte by 4.8% during the 2nd quarter. Aberdeen Group plc now owns 163,821 shares of the transportation company's stock valued at $17,319,000 after acquiring an additional 7,487 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Grupo Aeroportuario del Centro Norte by 8.3% in the 1st quarter. American Century Companies Inc. now owns 97,716 shares of the transportation company's stock valued at $7,683,000 after buying an additional 7,513 shares during the period. Institutional investors 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.