Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) Receives $88.38 Consensus Target Price from Analysts

Shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) have been given an average rating of “Hold” by the six research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $88.38.

OMAB has been the subject of a number of analyst reports. Bank of America upgraded shares of Grupo Aeroportuario del Centro Norte from an “underperform” rating to a “neutral” rating in a research note on Monday, May 19th. The Goldman Sachs Group upped their price objective on shares of Grupo Aeroportuario del Centro Norte from $89.00 to $106.00 and gave the company a “buy” rating in a research note on Friday, May 16th. Finally, JPMorgan Chase & Co. restated an “underweight” rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Friday, May 23rd.

Grupo Aeroportuario del Centro Norte Stock Performance

Shares of OMAB stock opened at $104.14 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.16. The firm has a fifty day moving average price of $93.72 and a 200 day moving average price of $81.99. The company has a market cap of $4.43 billion, a P/E ratio of 18.37 and a beta of 0.89. Grupo Aeroportuario del Centro Norte has a 12 month low of $59.08 and a 12 month high of $108.23.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last issued its earnings results on Tuesday, April 29th. The transportation company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.02. The firm had revenue of $174.65 million during the quarter, compared to the consensus estimate of $3.58 billion. Grupo Aeroportuario del Centro Norte had a net margin of 35.31% and a return on equity of 51.74%. Sell-side analysts predict 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 firm also recently announced a semi-annual dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 23rd were paid 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 39.03%.

Hedge Funds Weigh In On Grupo Aeroportuario del Centro Norte

Institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC increased its position 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 period. Venturi Wealth Management LLC increased its position in Grupo Aeroportuario del Centro Norte by 94.3% in the 4th 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 position in Grupo Aeroportuario del Centro Norte by 41.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 685 shares of the transportation company’s stock valued at $48,000 after acquiring an additional 200 shares during the period. US Bancorp DE increased its position in Grupo Aeroportuario del Centro Norte by 25.6% in the 1st quarter. US Bancorp DE now owns 761 shares of the transportation company’s stock valued at $60,000 after acquiring an additional 155 shares during the period. Finally, SG Americas Securities LLC acquired a new position in Grupo Aeroportuario del Centro Norte in the 4th quarter valued at about $116,000. 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.