Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB – Get Rating) in a report issued on Thursday. The brokerage issued a buy rating on the transportation company’s stock.

OMAB has been the topic of several other research reports. Scotiabank upgraded shares of Grupo Aeroportuario del Centro Norte from an underperform rating to a sector perform rating in a research note on Monday, March 13th. Citigroup downgraded Grupo Aeroportuario del Centro Norte from a neutral rating to a sell rating and set a $58.00 target price on the stock. in a research report on Wednesday, December 14th. JPMorgan Chase & Co. lowered Grupo Aeroportuario del Centro Norte from an overweight rating to a neutral rating in a research note on Monday, November 21st. UBS Group downgraded Grupo Aeroportuario del Centro Norte from a buy rating to a neutral rating in a research note on Monday, November 21st. Finally, The Goldman Sachs Group increased their target price on Grupo Aeroportuario del Centro Norte from $64.00 to $76.00 and gave the company a buy rating in a research report on Friday, March 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Grupo Aeroportuario del Centro Norte currently has a consensus rating of Hold and an average price target of $68.33.

Grupo Aeroportuario del Centro Norte Trading Down 1.9 %

Grupo Aeroportuario del Centro Norte stock opened at $81.96 on Thursday. Grupo Aeroportuario del Centro Norte has a 1 year low of $46.53 and a 1 year high of $83.70. The firm’s 50 day moving average price is $76.13 and its 200-day moving average price is $66.38. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.06 and a quick ratio of 0.98. The stock has a market cap of $3.52 billion, a P/E ratio of 20.19, a PEG ratio of 7.12 and a beta of 1.32.

Grupo Aeroportuario del Centro Norte Dividend Announcement

The company also recently disclosed a — dividend, which was paid on Friday, March 10th. Shareholders of record on Friday, March 3rd were given a dividend of $1.6197 per share. This represents a yield of 2.7%. The ex-dividend date of this dividend was Thursday, March 2nd. Grupo Aeroportuario del Centro Norte’s dividend payout ratio (DPR) is 85.96%.

Institutional Investors Weigh In On Grupo Aeroportuario del Centro Norte

Several institutional investors have recently made changes to their positions in OMAB. Bank of New York Mellon Corp raised its position in Grupo Aeroportuario del Centro Norte by 8.8% in the 1st quarter. Bank of New York Mellon Corp now owns 20,985 shares of the transportation company’s stock worth $1,253,000 after purchasing an additional 1,703 shares during the period. Great West Life Assurance Co. Can lifted its stake in shares of Grupo Aeroportuario del Centro Norte by 17.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 22,378 shares of the transportation company’s stock worth $1,422,000 after acquiring an additional 3,332 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in Grupo Aeroportuario del Centro Norte by 57.2% during the 1st quarter. Mackenzie Financial Corp now owns 82,991 shares of the transportation company’s stock valued at $4,954,000 after acquiring an additional 30,212 shares during the period. Renaissance Group LLC boosted its holdings in Grupo Aeroportuario del Centro Norte by 6.8% during the 1st quarter. Renaissance Group LLC now owns 20,759 shares of the transportation company’s stock valued at $1,239,000 after acquiring an additional 1,328 shares during the period. Finally, Northern Trust Corp bought a new position in Grupo Aeroportuario del Centro Norte in the 1st quarter valued at $203,000. Institutional investors own 9.38% of the company’s stock.

About Grupo Aeroportuario del Centro Norte

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Grupo Aeroportuario del Centro Norte SAB de CV is a holding company, which engages in operating and managing airports. It operates through the following segments: Metropolitan, Tourist, Regional, Border, Hotel, Industrial Park, and Other. The Metropolitan segment handles operations of the Monterrey airport.