Industrias Bachoco, S.A.B. de C.V. (NYSE:IBA) has been given an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation. Industrias Bachoco’s rating score has declined by 200% in the last three months as a result of a number of analysts’ ratings changes.
Brokerages have set a 1 year consensus target price of $62.00 for the company and are forecasting that the company will post $0.40 earnings per share for the current quarter, according to Zacks. Zacks has also given Industrias Bachoco an industry rank of 243 out of 257 based on the ratings given to its competitors.
Several equities research analysts have recently commented on IBA shares. JPMorgan Chase & Co. downgraded shares of Industrias Bachoco from an “overweight” rating to a “neutral” rating in a research report on Friday, October 5th. TheStreet downgraded shares of Industrias Bachoco from a “b-” rating to a “c” rating in a research report on Wednesday, October 24th. Finally, Zacks Investment Research raised shares of Industrias Bachoco from a “hold” rating to a “strong-buy” rating and set a $64.00 target price for the company in a research report on Wednesday, September 19th.
NYSE:IBA opened at $41.22 on Wednesday. The company has a quick ratio of 2.72, a current ratio of 3.55 and a debt-to-equity ratio of 0.04. The stock has a market cap of $2.06 billion, a PE ratio of 8.85 and a beta of 0.46. Industrias Bachoco has a one year low of $38.61 and a one year high of $64.44.
Industrias Bachoco (NYSE:IBA) last posted its earnings results on Wednesday, October 24th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.17 by $0.03. The company had revenue of $754.00 million during the quarter, compared to the consensus estimate of $736.07 million. Industrias Bachoco had a net margin of 7.35% and a return on equity of 11.99%. On average, equities analysts predict that Industrias Bachoco will post 3.16 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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