Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) Given Average Recommendation of “Hold” by Brokerages

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMABGet Rating) has received an average rating of “Hold” from the ten analysts that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $59.67.

A number of equities research analysts have issued reports on OMAB shares. Bradesco Corretora raised shares of Grupo Aeroportuario del Centro Norte to a “buy” rating and set a $65.00 price objective for the company in a report on Tuesday, February 8th. StockNews.com raised shares of Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating in a report on Saturday, May 7th. Zacks Investment Research lowered shares of Grupo Aeroportuario del Centro Norte from a “buy” rating to a “sell” rating in a report on Wednesday, April 27th. Finally, UBS Group raised shares of Grupo Aeroportuario del Centro Norte from a “neutral” rating to a “buy” rating in a report on Friday, January 28th.

OMAB traded down $2.37 during trading on Friday, reaching $55.60. 1,691 shares of the company traded hands, compared to its average volume of 48,238. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.43 and a current ratio of 1.43. Grupo Aeroportuario del Centro Norte has a 12-month low of $44.86 and a 12-month high of $63.06. The firm has a fifty day simple moving average of $57.75 and a 200 day simple moving average of $54.60. The company has a market cap of $2.37 billion, a P/E ratio of 17.15, a PEG ratio of 5.04 and a beta of 1.34.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMABGet Rating) last announced its quarterly earnings data on Monday, April 25th. The transportation company reported $0.78 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.78. Grupo Aeroportuario del Centro Norte had a net margin of 33.74% and a return on equity of 29.49%. The business had revenue of $107.59 million during the quarter. As a group, sell-side analysts expect that Grupo Aeroportuario del Centro Norte will post 3.8 earnings per share for the current fiscal year.

The firm also recently announced an annual dividend, which will be paid on Tuesday, May 24th. Investors of record on Monday, May 23rd will be issued a $1.8212 dividend. This represents a dividend yield of 5.8%. The ex-dividend date of this dividend is Friday, May 20th. Grupo Aeroportuario del Centro Norte’s dividend payout ratio (DPR) is presently 170.55%.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Arbitrage SA lifted its position in Grupo Aeroportuario del Centro Norte by 25.2% in the first quarter. BNP Paribas Arbitrage SA now owns 19,805 shares of the transportation company’s stock worth $1,182,000 after buying an additional 3,989 shares during the last quarter. O Brien Greene & Co. Inc lifted its position in Grupo Aeroportuario del Centro Norte by 26.5% in the first quarter. O Brien Greene & Co. Inc now owns 7,630 shares of the transportation company’s stock worth $455,000 after buying an additional 1,600 shares during the last quarter. Jane Street Group LLC bought a new stake in Grupo Aeroportuario del Centro Norte in the first quarter worth $411,000. Guggenheim Capital LLC bought a new stake in Grupo Aeroportuario del Centro Norte in the first quarter worth $237,000. Finally, Goldman Sachs Group Inc. bought a new stake in Grupo Aeroportuario del Centro Norte in the first quarter worth $1,678,000. Institutional investors own 8.75% of the company’s stock.

Grupo Aeroportuario del Centro Norte Company Profile (Get Rating)

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.

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Analyst Recommendations for Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB)

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