Brokerages Set Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) Target Price at $88.38

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) has been given a consensus recommendation of “Moderate Buy” by the five brokerages that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $88.38.

OMAB has been the topic of several analyst reports. Jefferies Financial Group lifted their target price on Grupo Aeroportuario del Centro Norte from $94.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. The Goldman Sachs Group lifted their target price on Grupo Aeroportuario del Centro Norte from $89.00 to $106.00 and gave the company a “buy” rating in a research report on Friday, May 16th. Finally, Bank of America raised Grupo Aeroportuario del Centro Norte from an “underperform” rating to a “neutral” rating in a research report on Monday.

Grupo Aeroportuario del Centro Norte Stock Down 0.0%

Shares of NASDAQ:OMAB opened at $100.22 on Friday. The stock has a market cap of $4.26 billion, a price-to-earnings ratio of 17.68 and a beta of 0.90. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.16. Grupo Aeroportuario del Centro Norte has a 12-month low of $59.08 and a 12-month high of $102.74. The business’s 50 day moving average is $86.05 and its 200 day moving average is $77.54.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last announced its 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. The company had revenue of $174.65 million for the quarter, compared to analysts’ expectations of $3.58 billion. Grupo Aeroportuario del Centro Norte had a return on equity of 51.74% and a net margin of 35.31%. On average, sell-side 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 Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 23rd will be given a $2.1363 dividend. The ex-dividend date is Friday, May 23rd. This represents a yield of 4.1%. Grupo Aeroportuario del Centro Norte’s dividend payout ratio is currently 42.75%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. ABS Direct Equity Fund LLC raised its stake in shares of Grupo Aeroportuario del Centro Norte by 165.0% in the fourth quarter. ABS Direct Equity Fund LLC now owns 36,700 shares of the transportation company’s stock valued at $2,519,000 after buying an additional 22,850 shares during the period. Arrowstreet Capital Limited Partnership grew its stake 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 worth $11,921,000 after acquiring an additional 40,878 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Grupo Aeroportuario del Centro Norte by 3,581.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 405 shares of the transportation company’s stock worth $28,000 after acquiring an additional 394 shares during the period. SG Americas Securities LLC bought a new position in shares of Grupo Aeroportuario del Centro Norte during the 4th quarter worth $116,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Grupo Aeroportuario del Centro Norte by 41.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 685 shares of the transportation company’s stock worth $48,000 after acquiring an additional 200 shares during the period. 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., 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.