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

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) has been given an average rating of “Hold” by the seven research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $102.50.

Several research firms have recently weighed in on OMAB. Wall Street Zen upgraded shares of Grupo Aeroportuario del Centro Norte from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 6th. Zacks Research upgraded Grupo Aeroportuario del Centro Norte from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Friday, January 9th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Triumph Capital Management bought a new stake in shares of Grupo Aeroportuario del Centro Norte in the 3rd quarter worth approximately $30,000. EverSource Wealth Advisors LLC lifted its stake in Grupo Aeroportuario del Centro Norte by 288.3% in the second quarter. EverSource Wealth Advisors LLC now owns 365 shares of the transportation company’s stock worth $39,000 after purchasing an additional 271 shares during the last quarter. Mather Group LLC. bought a new stake in Grupo Aeroportuario del Centro Norte in the third quarter worth $42,000. Blue Trust Inc. boosted its position in Grupo Aeroportuario del Centro Norte by 34.5% during the third quarter. Blue Trust Inc. now owns 491 shares of the transportation company’s stock valued at $51,000 after buying an additional 126 shares during the period. Finally, Quantbot Technologies LP bought a new position in shares of Grupo Aeroportuario del Centro Norte during the second quarter valued at about $56,000. 9.53% of the stock is owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Centro Norte Stock Performance

Shares of OMAB opened at $115.61 on Wednesday. Grupo Aeroportuario del Centro Norte has a 12-month low of $70.24 and a 12-month high of $118.31. 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 company has a market cap of $4.92 billion, a PE ratio of 20.46, a price-to-earnings-growth ratio of 1.77 and a beta of 0.76. The stock has a 50-day moving average price of $107.90 and a 200-day moving average price of $106.38.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last announced its earnings results on Thursday, October 23rd. The transportation company reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.12. Grupo Aeroportuario del Centro Norte had a net margin of 33.36% and a return on equity of 53.08%. The business had revenue of $214.50 million for the quarter, compared to the consensus estimate of $4.31 billion. As a group, equities analysts forecast that Grupo Aeroportuario del Centro Norte will post 5.53 earnings per share 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. Investors of record on Wednesday, November 26th were given a $2.5219 dividend. The ex-dividend date was Wednesday, November 26th. This represents a yield of 471.0%. Grupo Aeroportuario del Centro Norte’s payout ratio is presently 78.05%.

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.