Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Upgraded by StockNews.com to “Buy”

StockNews.com upgraded shares of Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) from a hold rating to a buy rating in a research report report published on Wednesday.

Separately, Scotiabank downgraded shares of Grupo Aeroportuario del Centro Norte from a sector perform rating to a sector underperform rating in a research note on Wednesday, May 15th.

Grupo Aeroportuario del Centro Norte Stock Up 3.1 %

Grupo Aeroportuario del Centro Norte stock opened at $68.24 on Wednesday. Grupo Aeroportuario del Centro Norte has a fifty-two week low of $50.23 and a fifty-two week high of $100.21. 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 firm has a 50 day moving average price of $78.31 and a 200 day moving average price of $76.76. The company has a market capitalization of $2.90 billion, a PE ratio of 11.43, a price-to-earnings-growth ratio of 3.91 and a beta of 1.33.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last posted its earnings results on Thursday, April 25th. The transportation company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.05. Grupo Aeroportuario del Centro Norte had a net margin of 34.67% and a return on equity of 54.28%. The firm had revenue of $189.64 million during the quarter. Research analysts expect that Grupo Aeroportuario del Centro Norte will post 5.63 earnings per share for the current year.

Grupo Aeroportuario del Centro Norte Increases Dividend

The firm also recently declared a — dividend, which was paid on Friday, May 31st. Shareholders of record on Wednesday, May 22nd were paid a $2.5963 dividend. This is an increase from Grupo Aeroportuario del Centro Norte’s previous — dividend of $2.14. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a dividend yield of 5.3%. Grupo Aeroportuario del Centro Norte’s payout ratio is 76.88%.

Hedge Funds Weigh In On Grupo Aeroportuario del Centro Norte

Several institutional investors have recently modified their holdings of OMAB. INCA Investments LLC lifted its position in shares of Grupo Aeroportuario del Centro Norte by 17.4% during the 1st quarter. INCA Investments LLC now owns 389,840 shares of the transportation company’s stock worth $30,832,000 after purchasing an additional 57,709 shares during the last quarter. abrdn plc grew its stake in shares of Grupo Aeroportuario del Centro Norte by 19.4% during the fourth quarter. abrdn plc now owns 226,535 shares of the transportation company’s stock worth $19,172,000 after purchasing an additional 36,763 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Grupo Aeroportuario del Centro Norte by 0.7% during the first quarter. Russell Investments Group Ltd. now owns 117,193 shares of the transportation company’s stock worth $9,269,000 after purchasing an additional 871 shares in the last quarter. National Bank of Canada FI grew its stake in shares of Grupo Aeroportuario del Centro Norte by 63.9% during the fourth quarter. National Bank of Canada FI now owns 114,214 shares of the transportation company’s stock worth $9,299,000 after purchasing an additional 44,546 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Grupo Aeroportuario del Centro Norte by 5.8% during the third quarter. American Century Companies Inc. now owns 59,648 shares of the transportation company’s stock worth $5,184,000 after purchasing an additional 3,286 shares in the last quarter. Institutional investors and hedge funds own 9.53% of the company’s stock.

Grupo Aeroportuario del Centro Norte Company Profile

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.