Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (OMAB) Receives $89.05 Average Target Price from Brokerages

Shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) have received a consensus rating of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $89.05.

Several analysts have weighed in on the company. Zacks Investment Research downgraded Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from a “buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. BidaskClub raised Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from a “hold” rating to a “buy” rating in a research note on Friday. Morgan Stanley cut Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $48.00 to $46.10 in a research note on Tuesday, May 30th. J P Morgan Chase & Co cut Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from an “overweight” rating to a “neutral” rating in a research note on Friday, May 12th. Finally, Bank of America Corporation raised Grupo Aeroportuario del Centro Norte S.A.B. de C.V. from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 16th.

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Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (NASDAQ:OMAB) traded down 0.07% on Tuesday, hitting $45.80. The stock had a trading volume of 109,880 shares. Grupo Aeroportuario del Centro Norte S.A.B. de C.V. has a 1-year low of $30.05 and a 1-year high of $53.58. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of 21.69 and a beta of 1.00. The company has a 50-day moving average price of $44.03 and a 200-day moving average price of $39.55.

The company also recently declared an annual dividend, which was paid on Tuesday, May 23rd. Investors of record on Monday, May 15th were paid a $1.467 dividend. The ex-dividend date of this dividend was Thursday, May 11th. This represents a yield of 15.04%. Grupo Aeroportuario del Centro Norte S.A.B. de C.V.’s payout ratio is 66.67%.

Large investors have recently modified their holdings of the company. Tower Research Capital LLC TRC purchased a new stake in shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. during the first quarter valued at $168,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. during the fourth quarter valued at $203,000. Stevens Capital Management LP purchased a new stake in shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. during the first quarter valued at $218,000. Opus Capital Group LLC purchased a new stake in shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. during the first quarter valued at $307,000. Finally, Jane Street Group LLC purchased a new stake in shares of Grupo Aeroportuario del Centro Norte S.A.B. de C.V. during the first quarter valued at $334,000. 14.10% of the stock is currently owned by institutional investors.

Grupo Aeroportuario del Centro Norte S.A.B. de C.V. Company Profile

Grupo Aeroportuario del Centro Norte, SAB. de C.V. is a holding company. The Company, through its subsidiaries, holds concessions to operate, maintain and develop over 10 airports in Mexico. The Company’s segments include Metropolitan, Tourist, Regional, Border, Hotel and Other. The Company also engages in various commercial and diversification activities conducted at its airports, such as the leasing of space to restaurants and retailers, the operation of parking facilities, and the operation of the NH Terminal 2 Hotel and the Hilton Garden Inn Hotel at the Monterrey airport.

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