Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Lowered to “Sector Underperform” at Scotiabank

Scotiabank cut shares of Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) from a sector perform rating to a sector underperform rating in a research report sent to investors on Wednesday, Marketbeat.com reports.

Separately, The Goldman Sachs Group boosted their target price on Grupo Aeroportuario del Centro Norte from $79.00 to $94.00 and gave the stock a buy rating in a research report on Friday, January 26th.

Grupo Aeroportuario del Centro Norte Stock Performance

Shares of Grupo Aeroportuario del Centro Norte stock traded up $2.31 on Wednesday, hitting $89.79. 14,382 shares of the company’s stock were exchanged, compared to its average volume of 50,721. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.86 and a current ratio of 1.86. The company has a 50-day simple moving average of $79.41 and a 200-day simple moving average of $75.16. The stock has a market capitalization of $3.86 billion, a PE ratio of 14.65, a PEG ratio of 5.16 and a beta of 1.31. Grupo Aeroportuario del Centro Norte has a 1 year low of $50.23 and a 1 year high of $100.21.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last posted its quarterly earnings results on Thursday, February 22nd. The transportation company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.19. The company had revenue of $211.59 million for the quarter. Grupo Aeroportuario del Centro Norte had a return on equity of 54.28% and a net margin of 34.67%. As a group, equities analysts anticipate that Grupo Aeroportuario del Centro Norte will post 5.7 EPS for the current year.

Grupo Aeroportuario del Centro Norte Increases Dividend

The firm also recently disclosed a — dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 22nd will be given a $2.5963 dividend. This represents a yield of 5.3%. The ex-dividend date of this dividend is Tuesday, May 21st. This is an increase from Grupo Aeroportuario del Centro Norte’s previous — dividend of $2.14. Grupo Aeroportuario del Centro Norte’s dividend payout ratio is 39.70%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. INCA Investments LLC grew its stake in Grupo Aeroportuario del Centro Norte by 10.3% in the 4th quarter. INCA Investments LLC now owns 332,131 shares of the transportation company’s stock worth $28,108,000 after acquiring an additional 30,987 shares in the last quarter. Campbell & CO Investment Adviser LLC grew its holdings in Grupo Aeroportuario del Centro Norte by 202.2% in the third quarter. Campbell & CO Investment Adviser LLC now owns 14,050 shares of the transportation company’s stock worth $1,221,000 after purchasing an additional 9,400 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Grupo Aeroportuario del Centro Norte in the 4th quarter worth $3,203,000. Alpine Global Management LLC acquired a new stake in Grupo Aeroportuario del Centro Norte in the third quarter worth about $375,000. Finally, Yorktown Management & Research Co Inc raised its holdings in shares of Grupo Aeroportuario del Centro Norte by 33.8% in the fourth quarter. Yorktown Management & Research Co Inc now owns 4,550 shares of the transportation company’s stock worth $385,000 after buying an additional 1,150 shares during the last quarter. Hedge funds and other institutional investors own 9.53% of the company’s stock.

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.