Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Downgraded by Wall Street Zen to “Buy”

Wall Street Zen lowered shares of Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) from a strong-buy rating to a buy rating in a research note released on Saturday.

A number of other analysts have also recently issued reports on OMAB. Zacks Research upgraded shares of Grupo Aeroportuario del Centro Norte from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $102.50.

Grupo Aeroportuario del Centro Norte Price Performance

OMAB stock opened at $124.48 on Friday. The firm has a 50-day moving average of $110.84 and a two-hundred day moving average of $106.87. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.17. Grupo Aeroportuario del Centro Norte has a one year low of $70.24 and a one year high of $124.59. The firm has a market capitalization of $5.30 billion, a PE ratio of 22.03, a P/E/G ratio of 1.92 and a beta of 0.74.

Grupo Aeroportuario del Centro Norte Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, December 5th. Shareholders of record on Wednesday, November 26th were issued a dividend of $2.5219 per share. This represents a yield of 471.0%. The ex-dividend date was Wednesday, November 26th. Grupo Aeroportuario del Centro Norte’s dividend payout ratio (DPR) is 78.05%.

Hedge Funds Weigh In On Grupo Aeroportuario del Centro Norte

Several hedge funds have recently made changes to their positions in the business. Triumph Capital Management bought a new position in Grupo Aeroportuario del Centro Norte in the third quarter valued at approximately $30,000. EverSource Wealth Advisors LLC grew its position in Grupo Aeroportuario del Centro Norte by 288.3% during the second quarter. EverSource Wealth Advisors LLC now owns 365 shares of the transportation company’s stock worth $39,000 after buying an additional 271 shares in the last quarter. Mather Group LLC. acquired a new stake in Grupo Aeroportuario del Centro Norte during the third quarter worth about $42,000. Blue Trust Inc. lifted its stake in Grupo Aeroportuario del Centro Norte by 34.5% during the third quarter. Blue Trust Inc. now owns 491 shares of the transportation company’s stock worth $51,000 after purchasing an additional 126 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Grupo Aeroportuario del Centro Norte in the 2nd quarter valued at approximately $56,000. 9.53% of the stock is owned by institutional investors.

About Grupo Aeroportuario del Centro Norte

Grupo Aeroportuario del Centro Norte, SAB. de C.V. (OMAB) is a Mexican airport operator that develops, manages and operates airports under long‐term concessions granted by the Federal Government of Mexico. The company’s core business covers all aspects of airport operations, including passenger processing, airfield services, security, ground handling, cargo handling and commercial activities such as retail, food and beverage, and parking.

OMA currently holds concession contracts for 13 airports in central and northern Mexico, serving key markets such as Monterrey, Ciudad Juárez, Culiacán, Hermosillo and Torreón.