Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Rating Increased to Neutral at Bank of America

Bank of America upgraded shares of Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) from an underperform rating to a neutral rating in a research report report published on Monday, Marketbeat reports.

Other equities research analysts have also recently issued research reports about the company. Jefferies Financial Group boosted their price objective on Grupo Aeroportuario del Centro Norte from $94.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. The Goldman Sachs Group boosted their price target on Grupo Aeroportuario del Centro Norte from $89.00 to $106.00 and gave the company a “buy” rating in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $88.38.

Grupo Aeroportuario del Centro Norte Trading Up 0.5%

Shares of Grupo Aeroportuario del Centro Norte stock opened at $101.11 on Monday. 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 business has a fifty day simple moving average of $84.80 and a two-hundred day simple moving average of $76.97. Grupo Aeroportuario del Centro Norte has a 1 year low of $59.08 and a 1 year high of $101.85. The company has a market capitalization of $4.30 billion, a price-to-earnings ratio of 17.83 and a beta of 0.90.

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 analysts’ consensus estimates of $1.28 by $0.02. Grupo Aeroportuario del Centro Norte had a net margin of 35.31% and a return on equity of 51.74%. The company had revenue of $174.65 million during the quarter, compared to analysts’ expectations of $3.58 billion. Research analysts forecast that Grupo Aeroportuario del Centro Norte will post 5.53 EPS for the current year.

Grupo Aeroportuario del Centro Norte Dividend Announcement

The firm also recently announced a semi-annual dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 23rd will be issued a dividend of $2.1363 per share. The ex-dividend date is Friday, May 23rd. This represents a dividend yield of 4.1%. Grupo Aeroportuario del Centro Norte’s dividend payout ratio is presently 42.75%.

Institutional Investors Weigh In On Grupo Aeroportuario del Centro Norte

Several institutional investors have recently made changes to their positions in the stock. Fisher Funds Management LTD bought a new stake in shares of Grupo Aeroportuario del Centro Norte during the 4th quarter valued at $33,617,000. Deutsche Bank AG raised its stake in Grupo Aeroportuario del Centro Norte by 1,173.2% in the fourth quarter. Deutsche Bank AG now owns 273,821 shares of the transportation company’s stock valued at $18,795,000 after purchasing an additional 252,315 shares in the last quarter. AQR Capital Management LLC bought a new stake in Grupo Aeroportuario del Centro Norte during the fourth quarter worth about $6,660,000. Arrowstreet Capital Limited Partnership grew its stake in Grupo Aeroportuario del Centro Norte by 30.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 173,672 shares of the transportation company’s stock worth $11,921,000 after buying an additional 40,878 shares in the last quarter. Finally, Empirical Finance LLC acquired a new stake in Grupo Aeroportuario del Centro Norte during the first quarter worth about $2,258,000. 9.53% of the stock is currently owned by institutional investors.

About Grupo Aeroportuario del Centro Norte

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.