BidaskClub upgraded shares of Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) from a buy rating to a strong-buy rating in a research report report published on Wednesday, BidAskClub reports.

OMAB has been the subject of several other research reports. Scotiabank raised Grupo Aeroportuario del Centro Nort from a sector perform rating to an outperform rating in a report on Monday, February 11th. Zacks Investment Research downgraded Grupo Aeroportuario del Centro Nort from a buy rating to a hold rating in a report on Thursday, January 24th. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Grupo Aeroportuario del Centro Nort presently has an average rating of Buy and an average price target of $52.67.

NASDAQ:OMAB opened at $49.87 on Wednesday. Grupo Aeroportuario del Centro Nort has a 1-year low of $33.39 and a 1-year high of $58.10. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.36 and a quick ratio of 3.36. The firm has a market capitalization of $2.14 billion, a P/E ratio of 15.80, a PEG ratio of 5.03 and a beta of 0.94.

Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) last announced its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.11. Grupo Aeroportuario del Centro Nort had a return on equity of 37.05% and a net margin of 37.98%. The business had revenue of $101.10 million during the quarter. As a group, sell-side analysts anticipate that Grupo Aeroportuario del Centro Nort will post 3.3 EPS for the current year.

The firm also recently declared an annual dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 20th will be issued a dividend of $1.6864 per share. This is an increase from Grupo Aeroportuario del Centro Nort’s previous annual dividend of $1.47. The ex-dividend date is Friday, May 17th. This represents a yield of 3.42%. Grupo Aeroportuario del Centro Nort’s dividend payout ratio (DPR) is currently 50.17%.

A number of institutional investors have recently made changes to their positions in the business. American Beacon Advisors Inc. lifted its holdings in shares of Grupo Aeroportuario del Centro Nort by 54.0% during the first quarter. American Beacon Advisors Inc. now owns 796 shares of the transportation company’s stock worth $36,000 after buying an additional 279 shares in the last quarter. Renaissance Group LLC lifted its holdings in shares of Grupo Aeroportuario del Centro Nort by 2.1% during the first quarter. Renaissance Group LLC now owns 16,292 shares of the transportation company’s stock worth $735,000 after buying an additional 339 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Grupo Aeroportuario del Centro Nort by 1.3% during the first quarter. Northern Trust Corp now owns 37,631 shares of the transportation company’s stock worth $1,697,000 after buying an additional 495 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of Grupo Aeroportuario del Centro Nort by 0.8% during the fourth quarter. Nuveen Asset Management LLC now owns 69,931 shares of the transportation company’s stock worth $2,659,000 after buying an additional 547 shares in the last quarter. Finally, Advisor Group Inc. lifted its holdings in shares of Grupo Aeroportuario del Centro Nort by 772.4% during the first quarter. Advisor Group Inc. now owns 759 shares of the transportation company’s stock worth $34,000 after buying an additional 672 shares in the last quarter. 13.26% of the stock is owned by institutional investors and hedge funds.

About Grupo Aeroportuario del Centro Nort

Grupo Aeroportuario del Centro Norte, S. A. B. de C. V., through its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico. The company operates 13 international airports in Monterrey, Acapulco, Mazatlán, Zihuatanejo, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, Zacatecas, Ciudad Juárez, and Reynosa cities.

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Analyst Recommendations for Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB)

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