Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) PT Lowered to $58.00 at The Goldman Sachs Group

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) had its price objective cut by The Goldman Sachs Group from $65.00 to $58.00 in a report issued on Tuesday, Price Targets.com reports. They currently have a buy rating on the transportation company’s stock.

OMAB has been the topic of several other reports. TheStreet upgraded shares of Grupo Aeroportuario del Centro Norte from a c+ rating to a b rating in a report on Thursday, October 28th. Zacks Investment Research raised shares of Grupo Aeroportuario del Centro Norte from a hold rating to a buy rating and set a $60.00 price objective for the company in a research note on Friday, January 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Grupo Aeroportuario del Centro Norte has an average rating of Hold and a consensus target price of $58.00.

Grupo Aeroportuario del Centro Norte stock opened at $53.99 on Tuesday. The company’s fifty day simple moving average is $51.37 and its 200-day simple moving average is $49.69. The company has a quick ratio of 3.39, a current ratio of 3.39 and a debt-to-equity ratio of 0.41. Grupo Aeroportuario del Centro Norte has a 12 month low of $44.86 and a 12 month high of $60.53. The stock has a market cap of $2.30 billion, a P/E ratio of 25.83, a P/E/G ratio of 5.71 and a beta of 1.53.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last posted its quarterly earnings results on Tuesday, October 26th. The transportation company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.62 by $0.19. Grupo Aeroportuario del Centro Norte had a net margin of 27.35% and a return on equity of 17.92%. The business had revenue of $118.75 million for the quarter. On average, equities research analysts expect that Grupo Aeroportuario del Centro Norte will post 2.61 earnings per share for the current fiscal year.

The firm also recently disclosed an annual dividend, which will be paid on Wednesday, January 26th. Investors of record on Tuesday, January 18th will be paid a $4.3737 dividend. This represents a dividend yield of 10.1%. The ex-dividend date is Friday, January 14th. This is a positive change from Grupo Aeroportuario del Centro Norte’s previous annual dividend of $1.67. Grupo Aeroportuario del Centro Norte’s payout ratio is presently 80.38%.

Hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its stake in shares of Grupo Aeroportuario del Centro Norte by 162.8% in the 2nd quarter. Royal Bank of Canada now owns 1,025 shares of the transportation company’s stock valued at $54,000 after purchasing an additional 635 shares during the last quarter. SG Americas Securities LLC lifted its position in Grupo Aeroportuario del Centro Norte by 10.9% during the 3rd quarter. SG Americas Securities LLC now owns 2,145 shares of the transportation company’s stock worth $100,000 after acquiring an additional 211 shares during the last quarter. Amundi acquired a new position in Grupo Aeroportuario del Centro Norte during the 2nd quarter worth $206,000. Veracity Capital LLC acquired a new position in Grupo Aeroportuario del Centro Norte during the 2nd quarter worth $221,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in Grupo Aeroportuario del Centro Norte during the 3rd quarter worth $230,000. 8.16% of the stock is owned by institutional investors and hedge funds.

About Grupo Aeroportuario del Centro Norte

Grupo Aeroportuario del Centro Norte SAB de CV is a holding company, which engages in operating and managing airports. It operates through the following segments: Metropolitan, Tourist, Regional, Border, Hotel, Industrial Park, and Other. The Metropolitan segment handles operations of the Monterrey airport.

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Analyst Recommendations for Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB)

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