Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Price Target Raised to $106.00 at The Goldman Sachs Group

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

Separately, Jefferies Financial Group increased their price objective on shares of Grupo Aeroportuario del Centro Norte from $94.00 to $99.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $88.38.

Grupo Aeroportuario del Centro Norte Trading Down 0.0%

Shares of Grupo Aeroportuario del Centro Norte stock opened at $100.62 on Friday. The company has a market capitalization of $4.28 billion, a P/E ratio of 17.75 and a beta of 0.90. 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 fifty day moving average of $84.26 and a 200 day moving average of $76.58. Grupo Aeroportuario del Centro Norte has a fifty-two week low of $59.08 and a fifty-two week high of $101.85.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last released 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 net margin of 35.31% and a return on equity of 51.74%. The business had revenue of $174.65 million during the quarter, compared to the consensus estimate of $3.58 billion. On average, sell-side analysts anticipate that Grupo Aeroportuario del Centro Norte will post 5.53 earnings per share for the current fiscal year.

Grupo Aeroportuario del Centro Norte Dividend Announcement

The firm also recently declared a semi-annual dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 23rd will be issued a $2.1363 dividend. This represents a dividend yield of 4.1%. The ex-dividend date is Friday, May 23rd. Grupo Aeroportuario del Centro Norte’s payout ratio is 104.28%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Fisher Funds Management LTD bought a new position in shares of Grupo Aeroportuario del Centro Norte in the 4th quarter valued at about $33,617,000. Deutsche Bank AG lifted its holdings in shares of Grupo Aeroportuario del Centro Norte by 1,173.2% in the 4th quarter. Deutsche Bank AG now owns 273,821 shares of the transportation company’s stock valued at $18,795,000 after acquiring an additional 252,315 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Grupo Aeroportuario del Centro Norte by 30.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 173,672 shares of the transportation company’s stock valued at $11,921,000 after acquiring an additional 40,878 shares during the last quarter. abrdn plc lifted its holdings in shares of Grupo Aeroportuario del Centro Norte by 1.4% in the 4th quarter. abrdn plc now owns 170,233 shares of the transportation company’s stock valued at $11,723,000 after acquiring an additional 2,279 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Grupo Aeroportuario del Centro Norte by 8.3% in the 1st quarter. American Century Companies Inc. now owns 97,716 shares of the transportation company’s stock valued at $7,683,000 after acquiring an additional 7,513 shares during the last quarter. 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.