Grupo Aeroportuario del Centro Nort (OMAB) Upgraded at Bank of America Corp

Bank of America Corp upgraded shares of Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) from an underperform rating to a neutral rating in a research report sent to investors on Tuesday morning.

OMAB has been the topic of a number of other reports. Zacks Investment Research raised shares of Grupo Aeroportuario del Centro Nort from a hold rating to a buy rating and set a $49.00 price target on the stock in a research note on Saturday, May 6th. Citigroup Inc upgraded shares of Grupo Aeroportuario del Centro Nort from a neutral rating to a buy rating in a research report on Tuesday, January 24th. Finally, JPMorgan Chase & Co. upgraded shares of Grupo Aeroportuario del Centro Nort from a neutral rating to an overweight rating in a research report on Friday, March 3rd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of Hold and an average target price of $74.00.

Shares of Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) traded up 2.97% during trading on Tuesday, hitting $43.04. 37,223 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $44.07 and a 200-day moving average price of $39.17. The stock has a market cap of $2.12 billion, a P/E ratio of 21.18 and a beta of 0.98. Grupo Aeroportuario del Centro Nort has a one year low of $30.05 and a one year high of $53.58.

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The firm also recently disclosed an annual dividend, which will be paid on Tuesday, May 23rd. Investors of record on Monday, May 15th will be given a $1.467 dividend. The ex-dividend date of this dividend is Thursday, May 11th. This represents a dividend yield of 15.04%. Grupo Aeroportuario del Centro Nort’s dividend payout ratio is presently 77.13%.

Several large investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its stake in Grupo Aeroportuario del Centro Nort by 109,250.0% in the third quarter. Wells Fargo & Company MN now owns 2,187 shares of the transportation company’s stock valued at $103,000 after buying an additional 2,185 shares in the last quarter. Stevens Capital Management LP purchased a new position in Grupo Aeroportuario del Centro Nort during the first quarter worth about $218,000. Mitsubishi UFJ Trust & Banking Corp purchased a new position in Grupo Aeroportuario del Centro Nort during the third quarter worth about $246,000. Dynamic Technology Lab Private Ltd purchased a new position in Grupo Aeroportuario del Centro Nort during the fourth quarter worth about $203,000. Finally, Opus Capital Group LLC purchased a new position in Grupo Aeroportuario del Centro Nort during the first quarter worth about $307,000. Institutional investors and hedge funds own 10.80% of the company’s stock.

About Grupo Aeroportuario del Centro Nort

Grupo Aeroportuario del Centro Norte, SAB. de C.V. is a holding company. The Company, through its subsidiaries, holds concessions to operate, maintain and develop over 10 airports in Mexico. The Company’s segments include Metropolitan, Tourist, Regional, Border, Hotel and Other. The Company also engages in various commercial and diversification activities conducted at its airports, such as the leasing of space to restaurants and retailers, the operation of parking facilities, and the operation of the NH Terminal 2 Hotel and the Hilton Garden Inn Hotel at the Monterrey airport.

5 Day Chart for NASDAQ:OMAB

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