Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Upgraded at Bank of America

Bank of America upgraded shares of Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) from an underperform rating to a neutral rating in a report published on Monday, Marketbeat Ratings reports.

OMAB has been the topic of several other research reports. The Goldman Sachs Group lifted their price target on shares of Grupo Aeroportuario del Centro Norte from $89.00 to $106.00 and gave the stock a “buy” rating in a research note on Friday, May 16th. Jefferies Financial Group boosted their target price on shares of Grupo Aeroportuario del Centro Norte from $94.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $88.38.

Grupo Aeroportuario del Centro Norte Stock Performance

Grupo Aeroportuario del Centro Norte stock opened at $100.23 on Monday. Grupo Aeroportuario del Centro Norte has a 12-month low of $59.08 and a 12-month high of $102.74. The company has a market capitalization of $4.26 billion, a price-to-earnings ratio of 17.68 and a beta of 0.90. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.08 and a quick ratio of 1.08. The firm’s fifty day moving average price is $85.69 and its 200 day moving average price is $77.29.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last released its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.02. Grupo Aeroportuario del Centro Norte had a net margin of 35.31% and a return on equity of 51.74%. The firm had revenue of $174.65 million for the quarter, compared to the consensus estimate of $3.58 billion. On average, research analysts forecast that Grupo Aeroportuario del Centro Norte will post 5.53 EPS for the current fiscal year.

Grupo Aeroportuario del Centro Norte Announces Dividend

The business also recently announced a semi-annual dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 23rd will be given a $2.1363 dividend. This represents a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, May 23rd. Grupo Aeroportuario del Centro Norte’s payout ratio is currently 42.75%.

Institutional Investors Weigh In On Grupo Aeroportuario del Centro Norte

Several hedge funds and other institutional investors have recently modified their holdings of OMAB. Fisher Funds Management LTD bought a new stake in shares of Grupo Aeroportuario del Centro Norte in the 4th quarter worth about $33,617,000. Deutsche Bank AG increased its position in shares of Grupo Aeroportuario del Centro Norte by 1,173.2% in the 4th quarter. Deutsche Bank AG now owns 273,821 shares of the transportation company’s stock worth $18,795,000 after purchasing an additional 252,315 shares during the last quarter. AQR Capital Management LLC acquired a new position in shares of Grupo Aeroportuario del Centro Norte in the 4th quarter valued at about $6,660,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Grupo Aeroportuario del Centro Norte by 30.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 173,672 shares of the transportation company’s stock valued at $11,921,000 after buying an additional 40,878 shares during the period. Finally, Empirical Finance LLC acquired a new position in shares of Grupo Aeroportuario del Centro Norte in the 1st quarter valued at about $2,258,000. Institutional investors 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.