Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Hits New 1-Year High – What’s Next?

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) shares reached a new 52-week high during trading on Friday . The stock traded as high as $116.53 and last traded at $114.82, with a volume of 15445 shares. The stock had previously closed at $114.77.

Wall Street Analyst Weigh In

Several analysts recently weighed in on OMAB shares. Wall Street Zen upgraded Grupo Aeroportuario del Centro Norte from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 6th. Zacks Research upgraded shares of Grupo Aeroportuario del Centro Norte from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 13th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Grupo Aeroportuario del Centro Norte presently has a consensus rating of “Hold” and a consensus price target of $102.50.

Grupo Aeroportuario del Centro Norte Stock Performance

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 company has a market cap of $4.88 billion, a PE ratio of 20.30, a P/E/G ratio of 1.78 and a beta of 0.76. The firm’s 50-day simple moving average is $107.70 and its two-hundred day simple moving average is $106.34.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last posted its quarterly earnings data on Thursday, October 23rd. The transportation company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.58 by $0.12. Grupo Aeroportuario del Centro Norte had a net margin of 33.36% and a return on equity of 53.08%. The business had revenue of $214.50 million during the quarter, compared to the consensus estimate of $4.31 billion. As a group, research analysts anticipate that Grupo Aeroportuario del Centro Norte S.A.B. de C.V. 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 dividend, which was paid on Friday, December 5th. Shareholders of record on Wednesday, November 26th were paid a dividend of $2.5219 per share. This represents a yield of 471.0%. The ex-dividend date was Wednesday, November 26th. Grupo Aeroportuario del Centro Norte’s payout ratio is presently 78.05%.

Institutional Investors Weigh In On Grupo Aeroportuario del Centro Norte

A number of institutional investors and hedge funds have recently modified their holdings of the company. Triumph Capital Management purchased a new stake in shares of Grupo Aeroportuario del Centro Norte in the 3rd quarter valued at $30,000. EverSource Wealth Advisors LLC lifted its position in Grupo Aeroportuario del Centro Norte by 288.3% during the second quarter. EverSource Wealth Advisors LLC now owns 365 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 271 shares during the period. Mather Group LLC. purchased a new stake in Grupo Aeroportuario del Centro Norte in the third quarter valued at $42,000. Blue Trust Inc. grew its position in Grupo Aeroportuario del Centro Norte by 34.5% during the 3rd quarter. Blue Trust Inc. now owns 491 shares of the transportation company’s stock worth $51,000 after purchasing an additional 126 shares during the period. Finally, Quantbot Technologies LP purchased a new position in shares of Grupo Aeroportuario del Centro Norte during the 2nd quarter valued at about $56,000. Institutional investors and hedge funds own 9.53% of the company’s stock.

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.