Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) Receives $134.00 Average Price Target from Brokerages

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) has received an average rating of “Hold” from the five analysts that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $134.00.

OMAB has been the subject of a number of research reports. HSBC upgraded shares of Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating and boosted their target price for the company from $112.00 to $134.00 in a research note on Thursday, April 16th. Weiss Ratings cut Grupo Aeroportuario del Centro Norte from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 1st. Citigroup raised Grupo Aeroportuario del Centro Norte from a “neutral” rating to a “buy” rating in a report on Friday, May 8th. JPMorgan Chase & Co. raised Grupo Aeroportuario del Centro Norte from an “underweight” rating to a “neutral” rating in a research report on Wednesday. Finally, Zacks Research upgraded Grupo Aeroportuario del Centro Norte from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 25th.

Grupo Aeroportuario del Centro Norte Trading Down 0.7%

NASDAQ:OMAB opened at $103.43 on Wednesday. The stock has a market cap of $4.40 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 1.35 and a beta of 0.60. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.81. The company’s 50 day moving average price is $105.85 and its 200-day moving average price is $111.82. Grupo Aeroportuario del Centro Norte has a 52 week low of $95.69 and a 52 week high of $134.99.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last posted its earnings results on Tuesday, April 28th. The transportation company reported $1.41 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.08). Grupo Aeroportuario del Centro Norte had a return on equity of 49.46% and a net margin of 32.67%.The business had revenue of $213.33 million during the quarter, compared to the consensus estimate of $199.73 million. On average, equities research analysts forecast that Grupo Aeroportuario del Centro Norte will post 6.97 earnings per share for the current fiscal year.

Grupo Aeroportuario del Centro Norte Announces Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Tuesday, May 26th were paid a $2.9165 dividend. This represents a dividend yield of 571.0%. The ex-dividend date was Tuesday, May 26th. Grupo Aeroportuario del Centro Norte’s dividend payout ratio is 85.12%.

Hedge Funds Weigh In On Grupo Aeroportuario del Centro Norte

Several large investors have recently added to or reduced their stakes in OMAB. Opal Capital LLC boosted its stake in Grupo Aeroportuario del Centro Norte by 14.1% in the 1st quarter. Opal Capital LLC now owns 15,136 shares of the transportation company’s stock worth $1,737,000 after purchasing an additional 1,870 shares during the period. Amundi raised its position in shares of Grupo Aeroportuario del Centro Norte by 60.0% during the first quarter. Amundi now owns 5,972 shares of the transportation company’s stock valued at $685,000 after buying an additional 2,240 shares during the last quarter. Empowered Funds LLC raised its position in shares of Grupo Aeroportuario del Centro Norte by 68.1% during the first quarter. Empowered Funds LLC now owns 168,401 shares of the transportation company’s stock valued at $19,321,000 after buying an additional 68,212 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Grupo Aeroportuario del Centro Norte by 60.9% in the first quarter. Quantinno Capital Management LP now owns 12,076 shares of the transportation company’s stock worth $1,385,000 after buying an additional 4,569 shares in the last quarter. Finally, Empirical Finance LLC lifted its holdings in shares of Grupo Aeroportuario del Centro Norte by 74.6% in the first quarter. Empirical Finance LLC now owns 168,343 shares of the transportation company’s stock worth $19,314,000 after buying an additional 71,924 shares in the last quarter. Hedge funds and other institutional investors own 9.53% of the company’s stock.

Grupo Aeroportuario del Centro Norte Company Profile

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.