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

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

A number of research firms have weighed in on OMAB. Jefferies Financial Group boosted their target price on shares of 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. Bank of America raised shares of Grupo Aeroportuario del Centro Norte from an “underperform” rating to a “neutral” rating in a report on Monday, May 19th. The Goldman Sachs Group boosted their target price on shares of Grupo Aeroportuario del Centro Norte from $89.00 to $106.00 and gave the stock a “buy” rating in a report on Friday, May 16th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating on shares of Grupo Aeroportuario del Centro Norte in a report on Friday, May 23rd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Fisher Funds Management LTD acquired a new position in shares of Grupo Aeroportuario del Centro Norte in the 4th quarter worth approximately $33,617,000. Deutsche Bank AG lifted its position in shares of Grupo Aeroportuario del Centro Norte by 1,173.2% during the 4th quarter. Deutsche Bank AG now owns 273,821 shares of the transportation company’s stock valued at $18,795,000 after acquiring an additional 252,315 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Grupo Aeroportuario del Centro Norte by 30.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 173,672 shares of the transportation company’s stock valued at $11,921,000 after acquiring an additional 40,878 shares during the period. American Century Companies Inc. lifted its position in shares of Grupo Aeroportuario del Centro Norte by 8.3% during the 1st quarter. American Century Companies Inc. now owns 97,716 shares of the transportation company’s stock valued at $7,683,000 after acquiring an additional 7,513 shares during the period. Finally, AQR Capital Management LLC acquired a new position in shares of Grupo Aeroportuario del Centro Norte during the 4th quarter valued at $6,660,000. Institutional investors and hedge funds own 9.53% of the company’s stock.

Grupo Aeroportuario del Centro Norte Trading Down 0.6%

Shares of Grupo Aeroportuario del Centro Norte stock opened at $103.70 on Tuesday. The firm has a market capitalization of $4.41 billion, a PE ratio of 18.29 and a beta of 0.89. 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’s 50 day moving average is $90.72 and its 200 day moving average is $80.58. Grupo Aeroportuario del Centro Norte has a 1 year low of $59.08 and a 1 year high of $105.21.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last announced its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $3.58 billion. Equities research analysts forecast 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 company also recently declared a semi-annual dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 23rd were given a $2.1363 dividend. 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 currently 39.03%.

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.