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NASDAQ:OMAB

Grupo Aeroportuario del Centro Norte (OMAB) Stock Price, News & Analysis

$69.04
+0.20 (+0.29%)
(As of 10/17/2024 ET)

About Grupo Aeroportuario del Centro Norte Stock (NASDAQ:OMAB)

Key Stats

Today's Range
$68.61
$69.71
50-Day Range
$59.37
$73.46
52-Week Range
$55.00
$90.53
Volume
43,249 shs
Average Volume
60,653 shs
Market Capitalization
$2.94 billion
P/E Ratio
11.74
Dividend Yield
6.65%
Price Target
$85.50
Consensus Rating
Moderate Buy

Company Overview

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., together with its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico. The company operates 13 international airports in Monterrey, Acapulco, Mazatlán, Zihuatanejo, Ciudad Juárez, Reynosa, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, and Zacatecas cities. It also operates the NH Collection Hotel in Terminal 2 of the Mexico City International Airport, and a hotel under the Hilton Garden Inn name at the Monterrey International Airport. In addition, the company provides aeronautical services, which include passenger, aircraft landing and parking, boarding and unloading, passenger walkway, and airport security services. Further, it offers complementary services that comprise leasing of space to airlines, cargo handling, baggage-screening, permanent and non-permanent ground transportation, and access rights services; non-aeronautical services, such as leasing of space at its airports to retailers, restaurants, and other commercial tenants, as well as maintaining of parking facilities and advertising; and diversification services, which consists of operation and lease of the industrial park and real estate services, as well as hotel and air cargo logistics services. Additionally, the company provides construction services. It has a strategic alliance with VYNMSA Desarrollo Inmobiliario, S.A. de C.V. to build and operate an industrial park at the Monterrey airport. The company was founded in 1998 and is headquartered in Mexico City, Mexico.

Grupo Aeroportuario del Centro Norte Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
68th Percentile Overall Score

OMAB MarketRank™: 

Grupo Aeroportuario del Centro Norte scored higher than 68% of companies evaluated by MarketBeat, and ranked 62nd out of 122 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Earnings Growth

    Earnings for Grupo Aeroportuario del Centro Norte are expected to grow by 5.81% in the coming year, from $6.02 to $6.37 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Grupo Aeroportuario del Centro Norte is 11.74, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.84.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Grupo Aeroportuario del Centro Norte is 11.74, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 21.86.

  • Price to Earnings Growth Ratio

    Grupo Aeroportuario del Centro Norte has a PEG Ratio of 3.63. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Grupo Aeroportuario del Centro Norte has a P/B Ratio of 5.11. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Grupo Aeroportuario del Centro Norte's valuation and earnings.
  • Percentage of Shares Shorted

    0.68% of the float of Grupo Aeroportuario del Centro Norte has been sold short.
  • Short Interest Ratio / Days to Cover

    Grupo Aeroportuario del Centro Norte has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Grupo Aeroportuario del Centro Norte has recently decreased by 14.37%, indicating that investor sentiment is improving significantly.
  • Dividend Leadership

    Grupo Aeroportuario del Centro Norte is a leading dividend payer. It pays a dividend yield of 6.71%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    Grupo Aeroportuario del Centro Norte does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Grupo Aeroportuario del Centro Norte is 76.88%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on earnings estimates, Grupo Aeroportuario del Centro Norte will have a dividend payout ratio of 72.06% next year. This indicates that Grupo Aeroportuario del Centro Norte will be able to sustain or increase its dividend.

  • Read more about Grupo Aeroportuario del Centro Norte's dividend.
  • Percentage of Shares Shorted

    0.68% of the float of Grupo Aeroportuario del Centro Norte has been sold short.
  • Short Interest Ratio / Days to Cover

    Grupo Aeroportuario del Centro Norte has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Grupo Aeroportuario del Centro Norte has recently decreased by 14.37%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Grupo Aeroportuario del Centro Norte has a news sentiment score of 0.81. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.61 average news sentiment score of Transportation companies.
  • News Coverage This Week

    MarketBeat has tracked 1 news article for Grupo Aeroportuario del Centro Norte this week, compared to 1 article on an average week.
  • Search Interest

    1 people have searched for OMAB on MarketBeat in the last 30 days.
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OMAB Stock Analysis - Frequently Asked Questions

Grupo Aeroportuario del Centro Norte's stock was trading at $84.63 at the beginning of 2024. Since then, OMAB stock has decreased by 18.4% and is now trading at $69.04.
View the best growth stocks for 2024 here
.

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB) issued its quarterly earnings data on Thursday, July, 25th. The transportation company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.21. The transportation company had revenue of $203.24 million for the quarter. Grupo Aeroportuario del Centro Norte had a net margin of 35.08% and a trailing twelve-month return on equity of 53.36%.

Top institutional shareholders of Grupo Aeroportuario del Centro Norte include Hunter Perkins Capital Management LLC (0.04%), Ritholtz Wealth Management (0.03%) and Creative Planning (0.01%).

Shares of OMAB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Grupo Aeroportuario del Centro Norte investors own include NVIDIA (NVDA), Broadcom (AVGO), Jabil (JBL), Arista Networks (ANET), e.l.f. Beauty (ELF), Adobe (ADBE) and Builders FirstSource (BLDR).

Company Calendar

Last Earnings
7/25/2024
Today
10/17/2024
Next Earnings (Confirmed)
10/28/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Airports, flying fields, & services
Sub-Industry
Transportation
Current Symbol
NASDAQ:OMAB
Employees
1,270
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$85.50
High Stock Price Target
$94.00
Low Stock Price Target
$77.00
Potential Upside/Downside
+23.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$296.23 million
Pretax Margin
51.45%

Debt

Sales & Book Value

Annual Sales
$14.87 billion
Cash Flow
$7.68 per share
Book Value
$13.52 per share

Miscellaneous

Free Float
N/A
Market Cap
$2.94 billion
Optionable
Optionable
Beta
1.32
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This page (NASDAQ:OMAB) was last updated on 10/17/2024 by MarketBeat.com Staff
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