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

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

OMAB has been the topic of several recent analyst reports. Weiss Ratings downgraded 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. HSBC raised shares of Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating and boosted their price objective for the company from $112.00 to $134.00 in a research report on Thursday, April 16th. Zacks Research raised shares of Grupo Aeroportuario del Centro Norte from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 25th. Citigroup raised shares of Grupo Aeroportuario del Centro Norte from a “neutral” rating to a “buy” rating in a research note on Friday, May 8th. Finally, Wall Street Zen lowered Grupo Aeroportuario del Centro Norte from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd.

Grupo Aeroportuario del Centro Norte Stock Performance

OMAB opened at $103.43 on Wednesday. The stock has a market cap of $4.40 billion, a price-to-earnings ratio of 17.30, a P/E/G ratio of 1.34 and a beta of 0.60. The stock’s 50 day moving average price is $105.85 and its 200-day moving average price is $111.83. Grupo Aeroportuario del Centro Norte has a one year low of $95.69 and a one year high of $134.99. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.12 and a current ratio of 1.12.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last issued its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.08). Grupo Aeroportuario del Centro Norte had a return on equity of 49.46% and a net margin of 32.67%.The business had revenue of $213.33 million for the quarter, compared to the consensus estimate of $199.73 million. On average, equities analysts forecast that Grupo Aeroportuario del Centro Norte will post 6.97 EPS for the current year.

Grupo Aeroportuario del Centro Norte Announces Dividend

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

Hedge Funds Weigh In On Grupo Aeroportuario del Centro Norte

A number of hedge funds and other institutional investors have recently made changes to their positions in OMAB. Opal Capital LLC grew its holdings in Grupo Aeroportuario del Centro Norte by 14.1% during the 1st quarter. Opal Capital LLC now owns 15,136 shares of the transportation company’s stock worth $1,737,000 after acquiring an additional 1,870 shares in the last quarter. Amundi raised its holdings in shares of Grupo Aeroportuario del Centro Norte by 60.0% in the 1st quarter. Amundi now owns 5,972 shares of the transportation company’s stock valued at $685,000 after purchasing an additional 2,240 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Grupo Aeroportuario del Centro Norte by 68.1% in the 1st quarter. Empowered Funds LLC now owns 168,401 shares of the transportation company’s stock worth $19,321,000 after purchasing an additional 68,212 shares during the period. Quantinno Capital Management LP lifted its position in shares of Grupo Aeroportuario del Centro Norte by 60.9% in the 1st quarter. Quantinno Capital Management LP now owns 12,076 shares of the transportation company’s stock worth $1,385,000 after purchasing an additional 4,569 shares during the period. Finally, Empirical Finance LLC boosted its stake in shares of Grupo Aeroportuario del Centro Norte by 74.6% during the first quarter. Empirical Finance LLC now owns 168,343 shares of the transportation company’s stock valued at $19,314,000 after purchasing an additional 71,924 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. (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.