Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) from a strong sell rating to a hold rating in a research report report published on Thursday,Zacks.com reports.

OMAB has been the topic of several other research reports. Citigroup raised Grupo Aeroportuario del Centro Norte from a “neutral” rating to a “buy” rating in a research report on Friday, May 8th. Wall Street Zen cut Grupo Aeroportuario del Centro Norte from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings downgraded shares of Grupo Aeroportuario del Centro Norte from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 1st. Finally, HSBC upgraded shares of Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating and upped their target price for the stock from $112.00 to $134.00 in a research note on Thursday, April 16th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $134.00.

Grupo Aeroportuario del Centro Norte Price Performance

Shares of NASDAQ OMAB opened at $111.99 on Thursday. The stock has a market cap of $4.76 billion, a price-to-earnings ratio of 18.73, a PEG ratio of 1.48 and a beta of 0.62. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.12 and a current ratio of 1.12. Grupo Aeroportuario del Centro Norte has a fifty-two week low of $95.69 and a fifty-two week high of $134.99. The firm’s 50-day simple moving average is $106.52 and its 200 day simple moving average is $111.84.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last issued its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.41 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.08). The company had revenue of $213.33 million for the quarter, compared to the consensus estimate of $199.73 million. Grupo Aeroportuario del Centro Norte had a return on equity of 49.46% and a net margin of 32.67%. As a group, research analysts anticipate that Grupo Aeroportuario del Centro Norte will post 6.95 earnings per share for the current fiscal year.

Grupo Aeroportuario del Centro Norte Announces Dividend

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

Institutional Investors Weigh In On Grupo Aeroportuario del Centro Norte

Several large investors have recently made changes to their positions in OMAB. JPMorgan Chase & Co. boosted its stake in Grupo Aeroportuario del Centro Norte by 253.7% in the third quarter. JPMorgan Chase & Co. now owns 21,973 shares of the transportation company’s stock valued at $2,282,000 after acquiring an additional 15,761 shares during the last quarter. Integrated Quantitative Investments LLC purchased a new stake in shares of Grupo Aeroportuario del Centro Norte during the 3rd quarter worth approximately $1,052,000. Novem Group purchased a new stake in shares of Grupo Aeroportuario del Centro Norte during the 4th quarter worth approximately $1,167,000. Quent Capital LLC bought a new stake in shares of Grupo Aeroportuario del Centro Norte in the 4th quarter worth approximately $2,690,000. Finally, Eurizon Capital SGR S.p.A. bought a new stake in shares of Grupo Aeroportuario del Centro Norte in the 4th quarter worth approximately $1,097,000. 9.53% of the stock is owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Centro Norte Company Profile

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.