Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Trading 5.4% Higher – Still a Buy?

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB)’s stock price was up 5.4% on Thursday . The company traded as high as $70.46 and last traded at $70.42. Approximately 28,392 shares were traded during trading, a decline of 54% from the average daily volume of 61,310 shares. The stock had previously closed at $66.82.

Analyst Upgrades and Downgrades

Several research firms have recently commented on OMAB. Bank of America lowered shares of Grupo Aeroportuario del Centro Norte from a “buy” rating to an “underperform” rating and set a $71.50 price target for the company. in a report on Friday, November 15th. Scotiabank upgraded Grupo Aeroportuario del Centro Norte from a “sector underperform” rating to a “sector perform” rating in a research report on Wednesday, September 25th. Finally, Morgan Stanley raised Grupo Aeroportuario del Centro Norte from an “equal weight” rating to an “overweight” rating and cut their price target for the stock from $82.00 to $77.00 in a report on Friday, September 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $80.83.

Grupo Aeroportuario del Centro Norte Trading Up 4.5 %

The firm’s 50-day simple moving average is $66.60 and its 200 day simple moving average is $68.57. The stock has a market cap of $2.97 billion, a P/E ratio of 11.78, a PEG ratio of 3.93 and a beta of 1.30. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.16.

Grupo Aeroportuario del Centro Norte Dividend Announcement

The firm also recently announced a Thrice Yearly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 19th were paid a dividend of $1.921 per share. This represents a yield of 6.5%. The ex-dividend date was Tuesday, November 19th. Grupo Aeroportuario del Centro Norte’s payout ratio is currently 99.12%.

Institutional Trading of Grupo Aeroportuario del Centro Norte

Hedge funds have recently added to or reduced their stakes in the business. 1832 Asset Management L.P. bought a new stake in Grupo Aeroportuario del Centro Norte during the 2nd quarter valued at $11,318,000. Healthcare of Ontario Pension Plan Trust Fund raised its stake in Grupo Aeroportuario del Centro Norte by 355.1% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 53,700 shares of the transportation company’s stock valued at $3,633,000 after acquiring an additional 41,900 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of Grupo Aeroportuario del Centro Norte by 10.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,659 shares of the transportation company’s stock valued at $312,000 after purchasing an additional 435 shares during the period. Duff & Phelps Investment Management Co. acquired a new position in shares of Grupo Aeroportuario del Centro Norte during the 2nd quarter valued at $2,300,000. Finally, Hunter Perkins Capital Management LLC increased its position in shares of Grupo Aeroportuario del Centro Norte by 24.6% during the 2nd quarter. Hunter Perkins Capital Management LLC now owns 14,985 shares of the transportation company’s stock valued at $1,014,000 after purchasing an additional 2,960 shares during the period. 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.