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

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) has been assigned a consensus recommendation of “Hold” from the five brokerages that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $134.00.

A number of research analysts recently commented on OMAB shares. Citigroup raised shares of Grupo Aeroportuario del Centro Norte from a “neutral” rating to a “buy” rating in a report on Friday, May 8th. Zacks Research raised Grupo Aeroportuario del Centro Norte from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 25th. JPMorgan Chase & Co. upgraded Grupo Aeroportuario del Centro Norte from an “underweight” rating to a “neutral” rating in a research report on Wednesday. HSBC raised Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating and raised their price objective for the company from $112.00 to $134.00 in a research note on Thursday, April 16th. Finally, Weiss Ratings cut Grupo Aeroportuario del Centro Norte from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 1st.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of OMAB. Janney Montgomery Scott LLC purchased a new stake in shares of Grupo Aeroportuario del Centro Norte in the fourth quarter valued at $11,038,000. Militia Capital Management LLC purchased a new position in shares of Grupo Aeroportuario del Centro Norte during the 1st quarter worth about $9,732,000. Empirical Finance LLC boosted its stake in shares of Grupo Aeroportuario del Centro Norte by 74.6% during the 1st quarter. Empirical Finance LLC now owns 168,343 shares of the transportation company’s stock worth $19,314,000 after purchasing an additional 71,924 shares during the period. Empowered Funds LLC boosted its stake in shares of Grupo Aeroportuario del Centro Norte by 68.1% during 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. Finally, AQR Capital Management LLC grew its holdings in 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 purchasing an additional 39,581 shares during the last quarter. Institutional investors own 9.53% of the company’s stock.

Grupo Aeroportuario del Centro Norte Price Performance

OMAB stock opened at $104.23 on Wednesday. Grupo Aeroportuario del Centro Norte has a 52 week low of $95.69 and a 52 week high of $134.99. 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 fifty day simple moving average of $105.85 and a two-hundred day simple moving average of $111.93. The firm has a market capitalization of $4.43 billion, a P/E ratio of 17.43, a price-to-earnings-growth ratio of 1.35 and a beta of 0.60.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last issued its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.41 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 during the quarter, compared to analysts’ expectations of $199.73 million. Analysts anticipate that Grupo Aeroportuario del Centro Norte will post 6.97 earnings per share for the current fiscal year.

Grupo Aeroportuario del Centro Norte Dividend Announcement

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

About Grupo Aeroportuario del Centro Norte

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.