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

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 five research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $88.38.

Several research firms have recently weighed in on OMAB. The Goldman Sachs Group boosted their target price on Grupo Aeroportuario del Centro Norte from $89.00 to $106.00 and gave the company a “buy” rating in a research report on Friday. Jefferies Financial Group boosted their target price on Grupo Aeroportuario del Centro Norte from $94.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th.

Hedge Funds Weigh In On Grupo Aeroportuario del Centro Norte

A number of large investors have recently bought and sold shares of OMAB. Tower Research Capital LLC TRC boosted its holdings in Grupo Aeroportuario del Centro Norte by 3,581.8% during 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 lifted its holdings in shares of 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 worth $39,000 after buying an additional 279 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of 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 worth $48,000 after buying an additional 200 shares during the period. Fifth Third Bancorp purchased a new stake in shares of Grupo Aeroportuario del Centro Norte in the 4th quarter worth $48,000. Finally, US Bancorp DE lifted its holdings in shares of 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 worth $60,000 after buying an additional 155 shares during the period. Hedge funds and other institutional investors own 9.53% of the company’s stock.

Grupo Aeroportuario del Centro Norte Stock Performance

NASDAQ OMAB opened at $100.62 on Friday. The company has a market cap of $4.28 billion, a P/E ratio of 17.75 and a beta of 0.90. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.08 and a current ratio of 1.08. The business’s 50 day moving average price is $84.26 and its 200-day moving average price is $76.71. Grupo Aeroportuario del Centro Norte has a fifty-two week low of $59.08 and a fifty-two week high of $101.85.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last released its earnings results on Tuesday, April 29th. The transportation company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.02. The firm had revenue of $174.65 million for the quarter, compared to the consensus estimate of $3.58 billion. Grupo Aeroportuario del Centro Norte had a return on equity of 51.74% and a net margin of 35.31%. Sell-side analysts predict that Grupo Aeroportuario del Centro Norte will post 5.53 earnings per share for the current year.

Grupo Aeroportuario del Centro Norte Announces Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 23rd will be issued a dividend of $2.1363 per share. This represents a yield of 4.1%. The ex-dividend date of this dividend is Friday, May 23rd. Grupo Aeroportuario del Centro Norte’s payout ratio is currently 104.28%.

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.