Industrias Bachoco, S.A.B. de C.V. (NYSE:IBA) has received an average broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Brokerages have set a 12 month consensus price objective of $49.00 for the company and are anticipating that the company will post $0.61 EPS for the current quarter, according to Zacks. Zacks has also given Industrias Bachoco an industry rank of 20 out of 255 based on the ratings given to related companies.
IBA has been the topic of several analyst reports. ValuEngine lowered Industrias Bachoco from a “hold” rating to a “sell” rating in a report on Friday, February 15th. Zacks Investment Research upgraded Industrias Bachoco from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd.
Shares of IBA stock traded up $0.35 on Friday, hitting $48.48. 432 shares of the stock were exchanged, compared to its average volume of 11,716. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.32 and a quick ratio of 2.57. The stock has a market capitalization of $2.33 billion, a P/E ratio of 13.89 and a beta of 0.68. Industrias Bachoco has a fifty-two week low of $37.66 and a fifty-two week high of $64.05.
Industrias Bachoco (NYSE:IBA) last released its earnings results on Wednesday, January 30th. The company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.41. Industrias Bachoco had a return on equity of 10.14% and a net margin of 6.22%. The business had revenue of $784.00 million for the quarter, compared to analyst estimates of $772.00 million. Equities analysts expect that Industrias Bachoco will post 3.45 EPS for the current year.
Industrias Bachoco Company Profile
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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