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

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) has received a consensus rating of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned 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 target among analysts that have covered the stock in the last year is $102.50.

OMAB has been the subject of several recent analyst reports. Wall Street Zen raised Grupo Aeroportuario del Centro Norte from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 6th. Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a report on Friday, January 9th. Finally, Zacks Research upgraded shares of Grupo Aeroportuario del Centro Norte from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 13th.

Hedge Funds Weigh In On Grupo Aeroportuario del Centro Norte

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Novem Group bought a new stake in Grupo Aeroportuario del Centro Norte in the 4th quarter valued at about $1,167,000. Ritholtz Wealth Management grew its stake in Grupo Aeroportuario del Centro Norte by 3.4% in the fourth quarter. Ritholtz Wealth Management now owns 13,012 shares of the transportation company’s stock valued at $1,415,000 after acquiring an additional 430 shares during the period. TrueMark Investments LLC grew its stake in Grupo Aeroportuario del Centro Norte by 15.0% in the fourth quarter. TrueMark Investments LLC now owns 13,266 shares of the transportation company’s stock valued at $1,443,000 after acquiring an additional 1,734 shares during the period. Marshall Financial Group LLC bought a new stake in shares of Grupo Aeroportuario del Centro Norte during the fourth quarter valued at approximately $772,000. Finally, JPMorgan Chase & Co. raised its position in shares of Grupo Aeroportuario del Centro Norte by 253.7% during the third quarter. JPMorgan Chase & Co. now owns 21,973 shares of the transportation company’s stock worth $2,282,000 after purchasing an additional 15,761 shares during the period. Institutional investors own 9.53% of the company’s stock.

Grupo Aeroportuario del Centro Norte Stock Performance

Shares of Grupo Aeroportuario del Centro Norte stock opened at $120.22 on Wednesday. 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 business has a 50-day moving average price of $108.52 and a two-hundred day moving average price of $106.39. Grupo Aeroportuario del Centro Norte has a 1-year low of $70.24 and a 1-year high of $120.53. The company has a market cap of $5.11 billion, a P/E ratio of 21.28, a PEG ratio of 1.81 and a beta of 0.76.

Grupo Aeroportuario del Centro Norte Announces Dividend

The business also recently declared a dividend, which was paid on Friday, December 5th. Shareholders of record on Wednesday, November 26th were issued a $2.5219 dividend. This represents a yield of 471.0%. The ex-dividend date was Wednesday, November 26th. Grupo Aeroportuario del Centro Norte’s dividend payout ratio (DPR) 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.