Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Lowered to Strong Sell Rating by Zacks Research

Zacks Research downgraded shares of Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) from a hold rating to a strong sell rating in a report published on Wednesday morning,Zacks.com reports.

Several other research firms have also recently commented on OMAB. Citigroup upgraded Grupo Aeroportuario del Centro Norte from a “neutral” rating to a “buy” rating in a research note on Friday, May 8th. HSBC raised Grupo Aeroportuario del Centro Norte from a “hold” rating to a “buy” rating and boosted their price objective for the company from $112.00 to $134.00 in a report on Thursday, April 16th. Weiss Ratings lowered Grupo Aeroportuario del Centro Norte from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 1st. Finally, Wall Street Zen lowered Grupo Aeroportuario del Centro Norte from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $134.00.

Grupo Aeroportuario del Centro Norte Trading Down 1.4%

NASDAQ:OMAB opened at $100.72 on Wednesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.12 and a current ratio of 1.12. Grupo Aeroportuario del Centro Norte has a one year low of $95.69 and a one year high of $134.99. The business’s 50-day simple moving average is $110.18 and its 200 day simple moving average is $111.87. The stock has a market cap of $4.28 billion, a price-to-earnings ratio of 16.84, a price-to-earnings-growth ratio of 1.35 and a beta of 0.64.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last released its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.41 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.08). Grupo Aeroportuario del Centro Norte had a return on equity of 49.46% and a net margin of 32.67%.The business had revenue of $213.33 million during the quarter, compared to analyst estimates of $199.73 million. As a group, sell-side analysts predict that Grupo Aeroportuario del Centro Norte will post 6.95 earnings per share for the current fiscal year.

Grupo Aeroportuario del Centro Norte Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Wednesday, June 3rd. Investors of record on Tuesday, May 26th will be issued a $2.9165 dividend. This represents a yield of 571.0%. The ex-dividend date of this dividend is Tuesday, May 26th. Grupo Aeroportuario del Centro Norte’s payout ratio is currently 86.12%.

Institutional Investors Weigh In On Grupo Aeroportuario del Centro Norte

A number of institutional investors have recently modified their holdings of OMAB. Janney Montgomery Scott LLC bought a new stake in shares of Grupo Aeroportuario del Centro Norte during the 4th quarter valued at about $11,038,000. Militia Capital Management LLC bought a new stake in shares of Grupo Aeroportuario del Centro Norte during the 1st quarter valued at about $9,732,000. Empirical Finance LLC grew its position in shares of Grupo Aeroportuario del Centro Norte by 74.6% during the 1st quarter. Empirical Finance LLC now owns 168,343 shares of the transportation company’s stock valued at $19,314,000 after buying an additional 71,924 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Grupo Aeroportuario del Centro Norte by 68.1% during the first quarter. Empowered Funds LLC now owns 168,401 shares of the transportation company’s stock valued at $19,321,000 after purchasing an additional 68,212 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Grupo Aeroportuario del Centro Norte by 63.4% during the second quarter. AQR Capital Management LLC now owns 102,050 shares of the transportation company’s stock valued at $10,766,000 after purchasing an additional 39,581 shares during the last quarter. Institutional investors own 9.53% of the company’s stock.

Grupo Aeroportuario del Centro Norte Company Profile

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.