Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) from an underweight rating to a neutral rating in a research note published on Wednesday, MarketBeat reports.

Other equities research analysts have also issued research reports about the company. Wall Street Zen lowered Grupo Aeroportuario del Centro Norte from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. HSBC raised Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating and raised their price target for the stock from $112.00 to $134.00 in a research report on Thursday, April 16th. Weiss Ratings cut Grupo Aeroportuario del Centro Norte from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 1st. Zacks Research upgraded Grupo Aeroportuario del Centro Norte from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 25th. Finally, Citigroup raised Grupo Aeroportuario del Centro Norte from a “neutral” rating to a “buy” rating in a research note on Friday, May 8th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $134.00.

Grupo Aeroportuario del Centro Norte Stock Performance

Shares of OMAB opened at $103.43 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.81. The stock has a market cap of $4.40 billion, a P/E ratio of 17.30, a PEG ratio of 1.35 and a beta of 0.60. The company has a 50-day moving average of $105.85 and a two-hundred day moving average of $111.82. Grupo Aeroportuario del Centro Norte has a 12-month low of $95.69 and a 12-month high of $134.99.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last announced its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.08). Grupo Aeroportuario del Centro Norte had a net margin of 32.67% and a return on equity of 49.46%. The business had revenue of $213.33 million during the quarter, compared to analysts’ expectations of $199.73 million. As a group, research analysts predict that Grupo Aeroportuario del Centro Norte will post 6.97 EPS for the current fiscal year.

Grupo Aeroportuario del Centro Norte Announces Dividend

The company also recently announced a dividend, which was paid on Wednesday, June 3rd. Investors of record on Tuesday, May 26th were given a dividend of $2.9165 per share. The ex-dividend date was Tuesday, May 26th. This represents a yield of 571.0%. Grupo Aeroportuario del Centro Norte’s dividend payout ratio (DPR) is 85.12%.

Institutional Trading of Grupo Aeroportuario del Centro Norte

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Triumph Capital Management purchased a new position in shares of Grupo Aeroportuario del Centro Norte during the 3rd quarter worth $30,000. EverSource Wealth Advisors LLC grew its position in shares of Grupo Aeroportuario del Centro Norte by 288.3% in the second quarter. EverSource Wealth Advisors LLC now owns 365 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 271 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Grupo Aeroportuario del Centro Norte in the second quarter valued at $56,000. Atlas Capital Advisors Inc. acquired a new position in Grupo Aeroportuario del Centro Norte in the fourth quarter valued at $61,000. Finally, Fifth Third Bancorp increased its stake in Grupo Aeroportuario del Centro Norte by 22.3% in the fourth quarter. Fifth Third Bancorp now owns 791 shares of the transportation company’s stock valued at $86,000 after purchasing an additional 144 shares during the last quarter. 9.53% of the stock is owned by hedge funds and other 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.