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

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

Several research firms have recently commented on OMAB. Weiss Ratings cut shares of Grupo Aeroportuario del Centro Norte from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 1st. Zacks Research raised Grupo Aeroportuario del Centro Norte from a “strong sell” rating to a “hold” rating in a report on Thursday, June 25th. HSBC upgraded Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating and increased their price objective for the company from $112.00 to $134.00 in a research report on Thursday, April 16th. Wall Street Zen cut Grupo Aeroportuario del Centro Norte from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, JPMorgan Chase & Co. upgraded Grupo Aeroportuario del Centro Norte from an “underweight” rating to a “neutral” rating in a research report on Wednesday, July 22nd.

Grupo Aeroportuario del Centro Norte Stock Up 3.3%

Shares of NASDAQ OMAB opened at $108.27 on Wednesday. Grupo Aeroportuario del Centro Norte has a 12-month low of $95.69 and a 12-month high of $134.99. The firm’s 50-day simple moving average is $105.95 and its 200 day simple moving average is $111.76. 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 has a market cap of $4.61 billion, a price-to-earnings ratio of 18.11, a price-to-earnings-growth ratio of 1.36 and a beta of 0.60.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last posted its quarterly earnings data on Monday, July 27th. The transportation company reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.05. Grupo Aeroportuario del Centro Norte had a net margin of 32.67% and a return on equity of 49.46%. The firm had revenue of $255.27 million during the quarter, compared to analysts’ expectations of $227.38 million. On average, research analysts expect that Grupo Aeroportuario del Centro Norte will post 6.93 earnings per share for the current fiscal year.

Grupo Aeroportuario del Centro Norte Dividend Announcement

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its stake in shares of Grupo Aeroportuario del Centro Norte by 253.7% during the third quarter. JPMorgan Chase & Co. now owns 21,973 shares of the transportation company’s stock worth $2,282,000 after buying an additional 15,761 shares during the last quarter. Novem Group acquired a new position in Grupo Aeroportuario del Centro Norte in the fourth quarter valued at approximately $1,167,000. Eurizon Capital SGR S.p.A. bought a new position in Grupo Aeroportuario del Centro Norte in the fourth quarter valued at approximately $1,097,000. Quent Capital LLC acquired a new stake in Grupo Aeroportuario del Centro Norte during the 4th quarter worth $2,690,000. Finally, Capital Innovations LLC acquired a new stake in Grupo Aeroportuario del Centro Norte during the 4th quarter worth $1,019,000. 9.53% of the stock is currently owned by institutional investors and hedge funds.

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.