Grupo Aeroportuario del Centro Nort (OMAB) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) from a sell rating to a buy rating in a research report report published on Thursday, April 20th. The brokerage currently has $50.00 target price on the transportation company’s stock.

According to Zacks, “OMA operates and manages 13 international airports in the north and central regions of Mexico. OMA’s airports serve Monterrey, México’s third largest metropolitan area, the tourist destinations of Acapulco, Mazatlan, and Zihuatanejo, and nine other regional centers and border cities. OMA’s airports fulfill international safety norms and have received environmental compliance certificates. Their corporate name is Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., and they serve their passengers, their airlines, and their business partners under the commercial name OMA. “

OMAB has been the topic of several other reports. Citigroup Inc raised shares of Grupo Aeroportuario del Centro Nort from a neutral rating to a buy rating in a research note on Tuesday, January 24th. JPMorgan Chase & Co. raised shares of Grupo Aeroportuario del Centro Nort from a neutral rating to an overweight rating in a research note on Friday, March 3rd. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Grupo Aeroportuario del Centro Nort presently has a consensus rating of Hold and an average target price of $74.00.

Shares of Grupo Aeroportuario del Centro Nort (NASDAQ:OMAB) traded up 2.99% during trading on Thursday, hitting $43.05. The stock had a trading volume of 55,996 shares. The firm has a market cap of $2.12 billion, a P/E ratio of 21.19 and a beta of 0.98. The firm’s 50-day moving average is $44.07 and its 200-day moving average is $39.17. Grupo Aeroportuario del Centro Nort has a one year low of $30.05 and a one year high of $53.58.

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The company also recently announced an annual dividend, which will be paid on Tuesday, May 23rd. Shareholders of record on Monday, May 15th will be issued a $1.467 dividend. The ex-dividend date of this dividend is Thursday, May 11th. This represents a yield of 15.04%. Grupo Aeroportuario del Centro Nort’s dividend payout ratio (DPR) is presently 77.13%.

A number of large investors have recently bought and sold shares of the company. Naples Global Advisors LLC raised its stake in Grupo Aeroportuario del Centro Nort by 6.6% in the first quarter. Naples Global Advisors LLC now owns 8,100 shares of the transportation company’s stock valued at $350,000 after buying an additional 500 shares during the period. Bank of Montreal Can raised its stake in Grupo Aeroportuario del Centro Nort by 7.0% in the first quarter. Bank of Montreal Can now owns 13,959 shares of the transportation company’s stock valued at $602,000 after buying an additional 914 shares during the period. Advisors Asset Management Inc. raised its stake in Grupo Aeroportuario del Centro Nort by 25.0% in the first quarter. Advisors Asset Management Inc. now owns 7,768 shares of the transportation company’s stock valued at $335,000 after buying an additional 1,554 shares during the period. Wells Fargo & Company MN raised its stake in shares of Grupo Aeroportuario del Centro Nort by 109,250.0% in the third quarter. Wells Fargo & Company MN now owns 2,187 shares of the transportation company’s stock worth $103,000 after buying an additional 2,185 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Grupo Aeroportuario del Centro Nort by 14.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,465 shares of the transportation company’s stock worth $822,000 after buying an additional 2,185 shares during the last quarter. Institutional investors own 10.80% of the company’s stock.

About Grupo Aeroportuario del Centro Nort

Grupo Aeroportuario del Centro Norte, SAB. de C.V. is a holding company. The Company, through its subsidiaries, holds concessions to operate, maintain and develop over 10 airports in Mexico. The Company’s segments include Metropolitan, Tourist, Regional, Border, Hotel and Other. The Company also engages in various commercial and diversification activities conducted at its airports, such as the leasing of space to restaurants and retailers, the operation of parking facilities, and the operation of the NH Terminal 2 Hotel and the Hilton Garden Inn Hotel at the Monterrey airport.

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