Shares of Industrias Bachoco, S.A.B. de C.V. (NYSE:IBA) have been given an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating. Industrias Bachoco’s rating score has declined by 200% from 90 days ago as a result of a number of analysts’ ratings changes.
Brokers have set a 12-month consensus price target of $65.00 for the company and are predicting that the company will post $0.17 EPS for the current quarter, according to Zacks. Zacks has also given Industrias Bachoco an industry rank of 246 out of 255 based on the ratings given to its competitors.
IBA has been the topic of a number of research reports. Zacks Investment Research upgraded Industrias Bachoco from a “hold” rating to a “strong-buy” rating and set a $64.00 price objective on the stock in a research report on Wednesday, September 19th. JPMorgan Chase & Co. cut Industrias Bachoco from an “overweight” rating to a “neutral” rating in a research report on Friday, October 5th.
Shares of IBA traded up $0.66 on Friday, reaching $51.75. 6,347 shares of the stock traded hands, compared to its average volume of 8,255. The stock has a market cap of $2.71 billion, a PE ratio of 10.50 and a beta of 0.18. The company has a current ratio of 3.29, a quick ratio of 2.52 and a debt-to-equity ratio of 0.04. Industrias Bachoco has a 12 month low of $49.84 and a 12 month high of $64.44.
Industrias Bachoco (NYSE:IBA) last released its quarterly earnings data on Monday, July 23rd. The company reported $1.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.06). The firm had revenue of $815.90 million for the quarter, compared to the consensus estimate of $740.25 million. Industrias Bachoco had a net margin of 8.69% and a return on equity of 14.54%. Equities analysts forecast that Industrias Bachoco will post 4.55 earnings per share for the current fiscal year.
About Industrias Bachoco
Industrias Bachoco, SAB. de C.V., through its subsidiaries, operates as a poultry producer in Mexico and the United States. It primarily engages in the breeding, processing, and marketing of chicken, eggs, swine, balanced animal feed, and other meat products. The company also produces and distributes chicken, turkey, and beef value-added products, as well as medicines and vaccines for animal consumption; provides administrative and operating services; and elaborates and commercializes balanced animal feed and pet treats.
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