Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) Receives Average Rating of “Hold” from Analysts

Shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) have received a consensus recommendation of “Hold” from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $92.1667.

A number of brokerages recently commented on OMAB. Citigroup reissued a “hold” rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Wednesday, September 10th. Wall Street Zen raised Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a research report on Tuesday, October 14th. Finally, Zacks Research cut shares of Grupo Aeroportuario del Centro Norte from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 16th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Kingstone Capital Partners Texas LLC bought a new stake in Grupo Aeroportuario del Centro Norte during the second quarter worth approximately $105,360,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Grupo Aeroportuario del Centro Norte by 1.2% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 173,567 shares of the transportation company’s stock valued at $18,028,000 after purchasing an additional 2,134 shares during the last quarter. Aberdeen Group plc boosted its holdings in shares of Grupo Aeroportuario del Centro Norte by 4.8% in the 2nd quarter. Aberdeen Group plc now owns 163,821 shares of the transportation company’s stock worth $17,319,000 after purchasing an additional 7,487 shares during the period. American Century Companies Inc. increased its position in shares of Grupo Aeroportuario del Centro Norte by 18.4% during the 2nd quarter. American Century Companies Inc. now owns 115,744 shares of the transportation company’s stock valued at $12,211,000 after purchasing an additional 18,028 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Grupo Aeroportuario del Centro Norte by 63.4% during the 2nd quarter. AQR Capital Management LLC now owns 102,050 shares of the transportation company’s stock valued at $10,766,000 after purchasing an additional 39,581 shares during the last quarter. Institutional investors own 9.53% of the company’s stock.

Grupo Aeroportuario del Centro Norte Stock Up 0.5%

OMAB opened at $105.40 on Friday. The company has a market capitalization of $4.48 billion, a PE ratio of 18.65, a price-to-earnings-growth ratio of 2.90 and a beta of 0.93. The firm has a 50-day simple moving average of $104.18 and a two-hundred day simple moving average of $103.56. The company has a quick ratio of 0.86, a current ratio of 1.14 and a debt-to-equity ratio of 1.17. Grupo Aeroportuario del Centro Norte has a 52 week low of $62.37 and a 52 week high of $116.25.

Grupo Aeroportuario del Centro Norte Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, December 5th. Stockholders of record on Wednesday, November 26th will be issued a $2.5219 dividend. The ex-dividend date is Wednesday, November 26th. This represents a dividend yield of 481.0%. Grupo Aeroportuario del Centro Norte’s payout ratio is 37.17%.

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.