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

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) has been given an average recommendation of “Hold” by the seven analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $102.50.

OMAB has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Grupo Aeroportuario del Centro Norte from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a report on Friday, January 9th. Finally, Zacks Research raised shares of Grupo Aeroportuario del Centro Norte from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 13th.

Grupo Aeroportuario del Centro Norte Stock Performance

Shares of OMAB stock opened at $110.39 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.17. The stock has a 50 day simple moving average of $107.30 and a 200-day simple moving average of $106.21. The company has a market cap of $4.70 billion, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 1.68 and a beta of 0.76. Grupo Aeroportuario del Centro Norte has a 12-month low of $70.24 and a 12-month high of $116.25.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last posted its quarterly earnings results on Thursday, October 23rd. The transportation company reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.12. The firm had revenue of $214.50 million for the quarter, compared to the consensus estimate of $4.31 billion. Grupo Aeroportuario del Centro Norte had a return on equity of 53.08% and a net margin of 33.36%. On average, equities analysts forecast that Grupo Aeroportuario del Centro Norte will post 5.53 EPS for the current year.

Grupo Aeroportuario del Centro Norte Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 5th. Investors of record on Wednesday, November 26th were paid a $2.5219 dividend. This represents a yield of 471.0%. The ex-dividend date of this dividend was Wednesday, November 26th. Grupo Aeroportuario del Centro Norte’s dividend payout ratio (DPR) is presently 78.05%.

Institutional Trading of Grupo Aeroportuario del Centro Norte

A number of institutional investors have recently bought and sold shares of the company. TrueMark Investments LLC increased its position in shares of Grupo Aeroportuario del Centro Norte by 15.0% in the fourth quarter. TrueMark Investments LLC now owns 13,266 shares of the transportation company’s stock valued at $1,443,000 after buying an additional 1,734 shares in the last quarter. Marshall Financial Group LLC acquired a new stake in Grupo Aeroportuario del Centro Norte in the 4th quarter valued at about $772,000. JPMorgan Chase & Co. increased its holdings in Grupo Aeroportuario del Centro Norte by 253.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,973 shares of the transportation company’s stock valued at $2,282,000 after acquiring an additional 15,761 shares in the last quarter. Triumph Capital Management acquired a new position in Grupo Aeroportuario del Centro Norte during the third quarter worth about $30,000. Finally, CANADA LIFE ASSURANCE Co raised its position in Grupo Aeroportuario del Centro Norte by 3.5% during the third quarter. CANADA LIFE ASSURANCE Co now owns 27,010 shares of the transportation company’s stock worth $2,777,000 after acquiring an additional 911 shares during the last quarter. 9.53% of the stock is currently owned by hedge funds and other institutional investors.

About Grupo Aeroportuario del Centro Norte

Grupo Aeroportuario del Centro Norte, SAB. de C.V. (OMAB) is a Mexican airport operator that develops, manages and operates airports under long‐term concessions granted by the Federal Government of Mexico. The company’s core business covers all aspects of airport operations, including passenger processing, airfield services, security, ground handling, cargo handling and commercial activities such as retail, food and beverage, and parking.

OMA currently holds concession contracts for 13 airports in central and northern Mexico, serving key markets such as Monterrey, Ciudad Juárez, Culiacán, Hermosillo and Torreón.