Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) announced a dividend on Sunday, December 5th, investing.com reports. Investors of record on Monday, December 13th will be paid a dividend of 1.6668 per share by the transportation company on Tuesday, December 21st. This represents a dividend yield of 3.49%. The ex-dividend date of this dividend is Friday, December 10th.
Shares of NASDAQ:OMAB opened at $47.71 on Friday. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of 22.83, a P/E/G ratio of 6.63 and a beta of 1.43. The firm’s 50 day simple moving average is $49.08 and its 200 day simple moving average is $49.51. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.39 and a quick ratio of 3.39. Grupo Aeroportuario del Centro Norte has a fifty-two week low of $44.86 and a fifty-two week high of $60.53.
Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) last posted its earnings results on Tuesday, October 26th. The transportation company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.19. Grupo Aeroportuario del Centro Norte had a return on equity of 17.92% and a net margin of 27.35%. The business had revenue of $118.75 million during the quarter. Equities research analysts expect that Grupo Aeroportuario del Centro Norte will post 2.61 earnings per share for the current year.
A number of research firms recently issued reports on OMAB. The Goldman Sachs Group raised Grupo Aeroportuario del Centro Norte from a “neutral” rating to a “buy” rating and increased their target price for the stock from $55.00 to $65.00 in a research note on Tuesday, November 30th. Zacks Investment Research cut Grupo Aeroportuario del Centro Norte from a “buy” rating to a “hold” rating in a research note on Tuesday, October 26th. Finally, TheStreet raised Grupo Aeroportuario del Centro Norte from a “c+” rating to a “b” rating in a research note on Thursday, October 28th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $55.40.
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Several institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada grew its stake in shares of Grupo Aeroportuario del Centro Norte by 162.8% during the 2nd quarter. Royal Bank of Canada now owns 1,025 shares of the transportation company’s stock worth $54,000 after acquiring an additional 635 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Grupo Aeroportuario del Centro Norte by 24.6% in the second quarter. Wells Fargo & Company MN now owns 6,662 shares of the transportation company’s stock valued at $347,000 after buying an additional 1,314 shares in the last quarter. UBS Group AG grew its stake in shares of Grupo Aeroportuario del Centro Norte by 368.4% in the third quarter. UBS Group AG now owns 5,817 shares of the transportation company’s stock valued at $273,000 after buying an additional 4,575 shares in the last quarter. Finally, Morgan Stanley grew its stake in shares of Grupo Aeroportuario del Centro Norte by 31.4% in the third quarter. Morgan Stanley now owns 119,660 shares of the transportation company’s stock valued at $5,606,000 after buying an additional 28,589 shares in the last quarter. 17.62% of the stock is owned by institutional investors.
Grupo Aeroportuario del Centro Norte Company Profile
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.
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