Industrias Bachoco, S.A.B. de C.V. (IBA) Given Consensus Rating of “Hold” by Analysts
Industrias Bachoco, S.A.B. de C.V. (NYSE:IBA) has received a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Analysts have set a 1-year consensus price target of $62.00 for the company and are anticipating 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 108 out of 256 based on the ratings given to related companies.
Several research analysts have recently issued reports on IBA shares. TheStreet cut Industrias Bachoco from a “b-” rating to a “c” rating in a research note on Wednesday, October 24th. Zacks Investment Research upgraded Industrias Bachoco from a “hold” rating to a “strong-buy” rating and set a $64.00 price objective for the company in a research note on Wednesday, September 19th. Finally, JPMorgan Chase & Co. cut Industrias Bachoco from an “overweight” rating to a “neutral” rating in a research note on Friday, October 5th.
Shares of Industrias Bachoco stock opened at $44.52 on Friday. The firm has a market cap of $2.16 billion, a PE ratio of 9.03 and a beta of 0.47. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.72 and a current ratio of 3.55. Industrias Bachoco has a 12 month low of $37.66 and a 12 month high of $64.44.
Industrias Bachoco (NYSE:IBA) last issued its quarterly earnings data on Wednesday, October 24th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. Industrias Bachoco had a return on equity of 11.99% and a net margin of 7.35%. The company had revenue of $754.00 million for the quarter, compared to the consensus estimate of $736.07 million. Sell-side analysts predict that Industrias Bachoco will post 3.16 earnings per share for the current 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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