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

Shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) have earned a consensus rating of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $102.50.

OMAB has been the subject of several research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a research report on Tuesday, October 14th. Zacks Research upgraded shares of Grupo Aeroportuario del Centro Norte from a “strong sell” rating to a “hold” rating in a research note on Friday, November 14th. Citigroup reissued a “hold” rating on shares of Grupo Aeroportuario del Centro Norte in a report on Wednesday, September 10th. Finally, Wall Street Zen upgraded shares of Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating in a report on Saturday, October 11th.

Grupo Aeroportuario del Centro Norte Stock Performance

Shares of Grupo Aeroportuario del Centro Norte stock opened at $107.20 on Tuesday. Grupo Aeroportuario del Centro Norte has a 1 year low of $62.65 and a 1 year high of $116.25. The firm’s 50-day moving average is $103.53 and its 200 day moving average is $104.70. The stock has a market cap of $4.56 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 2.90 and a beta of 0.93. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.14 and a quick ratio of 0.86.

Grupo Aeroportuario del Centro Norte Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, December 5th. Shareholders of record on Wednesday, November 26th will be issued a dividend of $2.5219 per share. This represents a yield of 471.0%. The ex-dividend date of this dividend is Wednesday, November 26th. Grupo Aeroportuario del Centro Norte’s dividend payout ratio is currently 78.41%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Kingstone Capital Partners Texas LLC bought a new stake in Grupo Aeroportuario del Centro Norte during the 2nd quarter worth approximately $105,360,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Grupo Aeroportuario del Centro Norte by 1.2% in the third quarter. Arrowstreet Capital Limited Partnership now owns 173,567 shares of the transportation company’s stock worth $18,028,000 after purchasing an additional 2,134 shares in the last quarter. Aberdeen Group plc raised its position in shares of Grupo Aeroportuario del Centro Norte by 4.8% during the 2nd quarter. Aberdeen Group plc now owns 163,821 shares of the transportation company’s stock valued at $17,319,000 after purchasing an additional 7,487 shares during the period. American Century Companies Inc. lifted its stake 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 buying an additional 18,028 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake 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 buying an additional 39,581 shares in the last quarter. 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.