Grupo Aeroportuario del Centro Norte, S.A.B. 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. It also operates the NH Collection Hotel in Terminal 2 of the Mexico City International Airport; and a hotel under the Hilton Garden Inn name at the Monterrey International Airport. In addition, the company provides aeronautical services, which include passenger, aircraft landing and parking, boarding and unloading, passenger walkway, and airport security services. Further, it offers complementary services that comprise leasing of space to airlines, cargo handling, baggage-screening, permanent and non-permanent ground transportation, and access rights services; non-aeronautical services, such as leasing of space at its airports to retailers, restaurants, and other commercial tenants, as well as maintaining of parking facilities and advertising; and diversification services, which consists of operation and lease of the industrial park and real estate services, as well as hotel and air cargo logistics services. Additionally, the company provides construction services. It has a strategic alliance with VYNMSA Desarrollo Inmobiliario, S.A. de C.V. to build and operate an industrial park at the Monterrey airport. The company was founded in 1998 and is headquartered in Mexico City, Mexico.
Analysts Set New Price Targets
Several research firms have commented on OMAB. StockNews.com lowered shares of Grupo Aeroportuario del Centro Norte from a "buy" rating to a "hold" rating in a research note on Tuesday, August 2nd. Morgan Stanley raised Grupo Aeroportuario del Centro Norte from an "equal weight" rating to an "overweight" rating and set a $71.00 price target for the company in a research report on Monday, May 23rd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $64.67.
Grupo Aeroportuario del Centro Norte Stock Performance
NASDAQ:OMAB opened at $55.39 on Friday. The company has a market capitalization of $2.36 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 4.89 and a beta of 1.25. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.90 and a current ratio of 0.90. Grupo Aeroportuario del Centro Norte has a 52-week low of $44.86 and a 52-week high of $63.06. The company has a 50-day simple moving average of $52.02 and a 200 day simple moving average of $55.38.
Grupo Aeroportuario del Centro Norte Announces Dividend
The business also recently declared a Variable dividend, which was paid on Monday, August 1st. Stockholders of record on Friday, July 22nd were paid a dividend of $0.435 per share. The ex-dividend date of this dividend was Thursday, July 21st. This represents a dividend yield of 7.9%. Grupo Aeroportuario del Centro Norte's payout ratio is currently 213.73%.