Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Sets New 1-Year High – Here’s Why

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $103.32 and last traded at $101.55, with a volume of 4490 shares traded. The stock had previously closed at $101.44.

Analyst Upgrades and Downgrades

OMAB has been the subject of a number of analyst reports. Jefferies Financial Group lifted their price objective on Grupo Aeroportuario del Centro Norte from $94.00 to $99.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. The Goldman Sachs Group boosted 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 report on Friday, May 16th. 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. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Grupo Aeroportuario del Centro Norte in a research report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Grupo Aeroportuario del Centro Norte has an average rating of “Hold” and a consensus target price of $88.38.

Grupo Aeroportuario del Centro Norte Trading Up 1.1%

The business has a 50 day moving average of $90.24 and a 200 day moving average of $80.11. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market capitalization of $4.44 billion, a price-to-earnings ratio of 18.40 and a beta of 0.89.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last posted its earnings results on Tuesday, April 29th. The transportation company reported $1.30 earnings per share (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 analyst estimates of $3.58 billion. Grupo Aeroportuario del Centro Norte had a return on equity of 51.74% and a net margin of 35.31%. As a group, research analysts predict that Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. will post 5.53 earnings per share for the current fiscal year.

Grupo Aeroportuario del Centro Norte Dividend Announcement

The company also recently announced a semi-annual dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 23rd were paid a $2.1363 dividend. This represents a yield of 4.1%. The ex-dividend date of this dividend was Friday, May 23rd. Grupo Aeroportuario del Centro Norte’s payout ratio is presently 39.03%.

Institutional Investors Weigh In On Grupo Aeroportuario del Centro Norte

Several hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its position in shares of 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 buying an additional 394 shares in the last quarter. Venturi Wealth Management LLC grew its stake in Grupo Aeroportuario del Centro Norte by 94.3% in the fourth quarter. Venturi Wealth Management LLC now owns 575 shares of the transportation company’s stock valued at $39,000 after acquiring an additional 279 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Grupo Aeroportuario del Centro Norte by 41.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 685 shares of the transportation company’s stock worth $48,000 after acquiring an additional 200 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Grupo Aeroportuario del Centro Norte by 25.6% during the 1st quarter. US Bancorp DE now owns 761 shares of the transportation company’s stock valued at $60,000 after purchasing an additional 155 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Grupo Aeroportuario del Centro Norte during the 4th quarter valued at about $116,000. 9.53% of the stock is currently owned by institutional investors and hedge funds.

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.