StockNews.com Begins Coverage on Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB)

StockNews.com assumed coverage on shares of Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB – Get Rating) in a report released on Thursday. The firm issued a buy rating on the transportation company’s stock.

A number of other research firms have also recently commented on OMAB. JPMorgan Chase & Co. cut Grupo Aeroportuario del Centro Norte from an overweight rating to a neutral rating in a research note on Monday, November 21st. Scotiabank upgraded Grupo Aeroportuario del Centro Norte from an underperform rating to a sector perform rating in a research note on Monday, March 13th. Citigroup downgraded Grupo Aeroportuario del Centro Norte from a neutral rating to a sell rating and set a $58.00 price target on the stock. in a report on Wednesday, December 14th. UBS Group downgraded Grupo Aeroportuario del Centro Norte from a buy rating to a neutral rating in a report on Monday, November 21st. Finally, The Goldman Sachs Group upped their target price on shares of Grupo Aeroportuario del Centro Norte from $64.00 to $76.00 and gave the company a buy rating in a research note on Friday, March 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Hold and an average target price of $68.33.

Grupo Aeroportuario del Centro Norte Trading Down 1.9 %

NASDAQ:OMAB opened at $81.96 on Thursday. The company’s 50-day simple moving average is $76.13 and its 200 day simple moving average is $66.38. Grupo Aeroportuario del Centro Norte has a one year low of $46.53 and a one year high of $83.70. The firm has a market capitalization of $3.52 billion, a P/E ratio of 20.19, a PEG ratio of 7.12 and a beta of 1.32. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.06 and a quick ratio of 0.98.

Grupo Aeroportuario del Centro Norte Dividend Announcement

The company also recently announced a — dividend, which was paid on Friday, March 10th. Shareholders of record on Friday, March 3rd were given a $1.6197 dividend. The ex-dividend date of this dividend was Thursday, March 2nd. This represents a yield of 2.7%. Grupo Aeroportuario del Centro Norte’s payout ratio is 85.96%.

Institutional Investors Weigh In On Grupo Aeroportuario del Centro Norte

Hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada grew its position in Grupo Aeroportuario del Centro Norte by 62.7% during the third quarter. Royal Bank of Canada now owns 532 shares of the transportation company’s stock valued at $27,000 after buying an additional 205 shares during the period. Atlas Capital Advisors LLC purchased a new position in shares of Grupo Aeroportuario del Centro Norte during the 3rd quarter worth $28,000. Citigroup Inc. grew its position in shares of Grupo Aeroportuario del Centro Norte by 225.5% during the 4th quarter. Citigroup Inc. now owns 651 shares of the transportation company’s stock valued at $40,000 after acquiring an additional 451 shares during the period. Belpointe Asset Management LLC purchased a new stake in shares of Grupo Aeroportuario del Centro Norte in the 4th quarter worth $46,000. Finally, Fortis Capital Advisors LLC bought a new position in Grupo Aeroportuario del Centro Norte in the 4th quarter worth $46,000. Hedge funds and other institutional investors own 9.38% of the company’s stock.

About Grupo Aeroportuario del Centro Norte

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Grupo Aeroportuario del Centro Norte SAB de CV is a holding company, which engages in operating and managing airports. It operates through the following segments: Metropolitan, Tourist, Regional, Border, Hotel, Industrial Park, and Other. The Metropolitan segment handles operations of the Monterrey airport.