Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) Given Average Recommendation of “Hold” by Analysts

Shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) have earned an average rating of “Hold” from the seven research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on 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.

Several brokerages recently commented on OMAB. Zacks Research raised Grupo Aeroportuario del Centro Norte from a “strong sell” rating to a “hold” rating in a research note on Friday, November 14th. Citigroup restated a “hold” rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Wednesday, September 10th. Wall Street Zen raised shares of Grupo Aeroportuario del Centro Norte from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a report on Tuesday, October 14th.

Hedge Funds Weigh In On Grupo Aeroportuario del Centro Norte

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

Grupo Aeroportuario del Centro Norte Price Performance

Shares of Grupo Aeroportuario del Centro Norte stock opened at $112.83 on Friday. The firm has a market cap of $4.80 billion, a P/E ratio of 19.97, a price-to-earnings-growth ratio of 2.12 and a beta of 0.78. The firm’s 50-day simple moving average is $104.88 and its 200-day simple moving average is $105.57. Grupo Aeroportuario del Centro Norte has a twelve month low of $67.61 and a twelve month high of $116.25. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.14 and a current ratio of 1.14.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last posted its quarterly earnings results on Thursday, October 23rd. The transportation company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.12. The firm had revenue of $214.50 million during the quarter, compared to analyst estimates of $4.31 billion. Grupo Aeroportuario del Centro Norte had a net margin of 33.36% and a return on equity of 53.08%. As a group, research analysts expect that Grupo Aeroportuario del Centro Norte will post 5.53 EPS for the current fiscal year.

Grupo Aeroportuario del Centro Norte Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, December 5th. Stockholders of record on Wednesday, November 26th were paid a $2.5219 dividend. The ex-dividend date was Wednesday, November 26th. This represents a dividend yield of 471.0%. Grupo Aeroportuario del Centro Norte’s payout ratio is 78.05%.

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.