Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Sets New 1-Year Low – Here’s What Happened

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as $95.69 and last traded at $96.2970, with a volume of 36028 shares. The stock had previously closed at $96.88.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Zacks Research lowered Grupo Aeroportuario del Centro Norte from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 27th. Citigroup raised Grupo Aeroportuario del Centro Norte from a “neutral” rating to a “buy” rating in a report on Friday, May 8th. Wall Street Zen lowered Grupo Aeroportuario del Centro Norte from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings lowered Grupo Aeroportuario del Centro Norte from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 1st. Finally, HSBC raised Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating and boosted their target price for the stock from $112.00 to $134.00 in a report on Thursday, April 16th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $134.00.

Grupo Aeroportuario del Centro Norte Price Performance

The company has a 50 day moving average of $108.56 and a 200-day moving average of $111.63. The firm has a market capitalization of $4.12 billion, a P/E ratio of 16.18, a P/E/G ratio of 1.28 and a beta of 0.62. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.81.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last released its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.08). The firm had revenue of $213.33 million during the quarter, compared to the consensus estimate of $199.73 million. Grupo Aeroportuario del Centro Norte had a net margin of 32.67% and a return on equity of 49.46%. On average, sell-side analysts predict that Grupo Aeroportuario del Centro Norte S.A.B. de C.V. will post 6.95 EPS for the current year.

Grupo Aeroportuario del Centro Norte Dividend Announcement

The business also recently announced a dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Tuesday, May 26th were given a dividend of $2.9165 per share. This represents a dividend yield of 571.0%. The ex-dividend date was Tuesday, May 26th. Grupo Aeroportuario del Centro Norte’s dividend payout ratio is presently 85.12%.

Institutional Trading of Grupo Aeroportuario del Centro Norte

Institutional investors have recently modified their holdings of the stock. Triumph Capital Management bought a new stake in shares of Grupo Aeroportuario del Centro Norte during the 3rd quarter valued at $30,000. EverSource Wealth Advisors LLC lifted its position in shares of Grupo Aeroportuario del Centro Norte by 288.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the transportation company’s stock valued at $39,000 after acquiring an additional 271 shares during the period. Quantbot Technologies LP bought a new stake in shares of Grupo Aeroportuario del Centro Norte during the 2nd quarter valued at $56,000. Atlas Capital Advisors Inc. bought a new stake in shares of Grupo Aeroportuario del Centro Norte during the 4th quarter valued at $61,000. Finally, Huntington National Bank lifted its position in shares of Grupo Aeroportuario del Centro Norte by 575.9% during the 3rd quarter. Huntington National Bank now owns 588 shares of the transportation company’s stock valued at $61,000 after acquiring an additional 501 shares during the period. 9.53% of the stock is currently owned by institutional investors.

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.