Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) has earned a consensus recommendation of “Buy” from the twelve brokerages that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $50.00.

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Grupo Aeroportuario del Centro Nort from a “buy” rating to a “hold” rating in a research note on Thursday, January 24th. BidaskClub cut shares of Grupo Aeroportuario del Centro Nort from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 31st. Finally, Scotiabank upgraded shares of Grupo Aeroportuario del Centro Nort from a “sector perform” rating to an “outperform” rating in a report on Monday, February 11th.

A number of institutional investors have recently modified their holdings of the business. Virtu Financial LLC purchased a new stake in shares of Grupo Aeroportuario del Centro Nort in the fourth quarter valued at $499,000. Advisors Capital Management LLC purchased a new stake in shares of Grupo Aeroportuario del Centro Nort in the fourth quarter valued at $218,000. Bailard Inc. purchased a new stake in shares of Grupo Aeroportuario del Centro Nort in the fourth quarter valued at $620,000. Brookstone Capital Management raised its stake in shares of Grupo Aeroportuario del Centro Nort by 11.8% in the fourth quarter. Brookstone Capital Management now owns 6,436 shares of the transportation company’s stock valued at $245,000 after acquiring an additional 678 shares during the period. Finally, Smith Asset Management Group LP raised its stake in shares of Grupo Aeroportuario del Centro Nort by 130.3% in the fourth quarter. Smith Asset Management Group LP now owns 63,250 shares of the transportation company’s stock valued at $2,405,000 after acquiring an additional 35,790 shares during the period. Institutional investors own 13.17% of the company’s stock.

Shares of NASDAQ:OMAB traded down $0.21 during midday trading on Thursday, reaching $49.70. 21,992 shares of the company were exchanged, compared to its average volume of 93,139. The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.36 and a current ratio of 3.36. Grupo Aeroportuario del Centro Nort has a one year low of $33.39 and a one year high of $58.10. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 16.85, a P/E/G ratio of 4.97 and a beta of 0.94.

Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) last issued its earnings results on Wednesday, April 24th. The transportation company reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.11. Grupo Aeroportuario del Centro Nort had a net margin of 37.98% and a return on equity of 37.05%. The firm had revenue of $101.10 million during the quarter. As a group, research analysts predict that Grupo Aeroportuario del Centro Nort will post 3.3 earnings per share for the current year.

The business also recently declared an annual dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 20th will be issued a $1.6864 dividend. The ex-dividend date is Friday, May 17th. This is a boost from Grupo Aeroportuario del Centro Nort’s previous annual dividend of $1.47. This represents a dividend yield of 3.42%. Grupo Aeroportuario del Centro Nort’s dividend payout ratio is presently 47.80%.

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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