Brokerages Set Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) PT at $102.50

Shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) have received an average recommendation of “Hold” from the seven research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $102.50.

A number of equities research analysts have weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a report on Tuesday, October 14th. Wall Street Zen upgraded shares of Grupo Aeroportuario del Centro Norte from a “buy” rating to a “strong-buy” rating in a report on Saturday. Citigroup reissued a “hold” rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Wednesday, September 10th. Finally, Zacks Research raised Grupo Aeroportuario del Centro Norte from a “strong sell” rating to a “hold” rating in a research report on Friday, November 14th.

Grupo Aeroportuario del Centro Norte Stock Performance

NASDAQ:OMAB opened at $101.76 on Tuesday. The stock’s 50-day moving average is $103.40 and its 200-day moving average is $104.76. Grupo Aeroportuario del Centro Norte has a 1-year low of $67.61 and a 1-year high of $116.25. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.17. The stock has a market cap of $4.33 billion, a P/E ratio of 18.01, a price-to-earnings-growth ratio of 2.86 and a beta of 0.78.

Grupo Aeroportuario del Centro Norte Announces Dividend

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

Institutional Trading of Grupo Aeroportuario del Centro Norte

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OMAB. Kingstone Capital Partners Texas LLC bought a new position in Grupo Aeroportuario del Centro Norte during the 2nd quarter worth approximately $105,360,000. Arrowstreet Capital Limited Partnership raised its stake in Grupo Aeroportuario del Centro Norte by 1.2% during the third 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 during the last quarter. Aberdeen Group plc raised its stake in Grupo Aeroportuario del Centro Norte by 4.8% during the second quarter. Aberdeen Group plc now owns 163,821 shares of the transportation company’s stock worth $17,319,000 after buying an additional 7,487 shares during the last quarter. American Century Companies Inc. lifted its holdings in Grupo Aeroportuario del Centro Norte by 18.4% in the second 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 during the period. Finally, AQR Capital Management LLC boosted its position in Grupo Aeroportuario del Centro Norte by 63.4% during the second 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 during the last quarter. Institutional investors and hedge funds own 9.53% of the company’s stock.

About Grupo Aeroportuario del Centro Norte

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.