The Goldman Sachs Group Issues Positive Forecast for Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Stock Price

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) had its target price upped by The Goldman Sachs Group from $89.00 to $106.00 in a report released on Friday,Benzinga reports. The brokerage currently has a buy rating on the transportation company’s stock.

Separately, Jefferies Financial Group raised their target price on Grupo Aeroportuario del Centro Norte from $94.00 to $99.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $88.38.

Grupo Aeroportuario del Centro Norte Stock Down 0.0%

NASDAQ OMAB opened at $100.62 on Friday. The business has a fifty day moving average price of $84.26 and a 200 day moving average price of $76.71. Grupo Aeroportuario del Centro Norte has a one year low of $59.08 and a one year high of $101.85. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market cap of $4.28 billion, a P/E ratio of 17.75 and a beta of 0.90.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last posted its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.30 EPS for the quarter, beating the consensus estimate of $1.28 by $0.02. Grupo Aeroportuario del Centro Norte had a return on equity of 51.74% and a net margin of 35.31%. The firm had revenue of $174.65 million during the quarter, compared to the consensus estimate of $3.58 billion. Research analysts anticipate 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. Shareholders of record on Friday, May 23rd will be paid 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 dividend payout ratio (DPR) is presently 104.28%.

Institutional Trading of Grupo Aeroportuario del Centro Norte

Hedge funds and other institutional investors have recently modified their holdings of the stock. ABS Direct Equity Fund LLC increased its stake in shares of Grupo Aeroportuario del Centro Norte by 165.0% in the 4th quarter. ABS Direct Equity Fund LLC now owns 36,700 shares of the transportation company’s stock worth $2,519,000 after acquiring an additional 22,850 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Grupo Aeroportuario del Centro Norte by 30.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 173,672 shares of the transportation company’s stock worth $11,921,000 after purchasing an additional 40,878 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of Grupo Aeroportuario del Centro Norte by 3,581.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 405 shares of the transportation company’s stock worth $28,000 after purchasing an additional 394 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Grupo Aeroportuario del Centro Norte by 41.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 685 shares of the transportation company’s stock worth $48,000 after purchasing an additional 200 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of Grupo Aeroportuario del Centro Norte during the 4th quarter worth $116,000. 9.53% of the stock is owned by institutional investors and hedge funds.

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.