Shares of Industrias Bachoco, S.A.B. de C.V. (NYSE:IBA) have earned a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation. Industrias Bachoco’s rating score has declined by 200% from three months ago as a result of a number of analysts’ upgrades and downgrades.

Brokerages have set a twelve-month consensus target price of $42.00 for the company and are anticipating that the company will post $1.09 earnings per share for the current quarter, according to Zacks. Zacks has also given Industrias Bachoco an industry rank of 96 out of 254 based on the ratings given to its competitors.

Several research firms recently issued reports on IBA. Zacks Investment Research lowered Industrias Bachoco from a “buy” rating to a “hold” rating in a research report on Wednesday, June 3rd. ValuEngine cut Industrias Bachoco from a “hold” rating to a “sell” rating in a report on Friday, April 3rd. Finally, JPMorgan Chase & Co. cut Industrias Bachoco from an “overweight” rating to a “neutral” rating in a report on Tuesday, May 12th.

Shares of Industrias Bachoco stock traded down $0.31 during trading on Monday, hitting $35.25. 2,614 shares of the stock traded hands, compared to its average volume of 18,700. The company has a quick ratio of 2.94, a current ratio of 3.81 and a debt-to-equity ratio of 0.04. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 7.39 and a beta of 0.65. The firm’s fifty day moving average is $35.61 and its 200-day moving average is $40.94. Industrias Bachoco has a 52 week low of $28.04 and a 52 week high of $57.00.

Industrias Bachoco (NYSE:IBA) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $1.82 EPS for the quarter, beating the consensus estimate of $0.48 by $1.34. The firm had revenue of $661.30 million for the quarter, compared to analyst estimates of $758.02 million. Industrias Bachoco had a return on equity of 11.91% and a net margin of 7.65%. On average, analysts forecast that Industrias Bachoco will post 4.12 earnings per share for the current fiscal year.

The company also recently announced a semi-annual dividend, which will be paid on Friday, July 17th. Stockholders of record on Monday, July 6th will be paid a $0.3507 dividend. This represents a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, July 2nd. This is a boost from Industrias Bachoco’s previous semi-annual dividend of $0.33. Industrias Bachoco’s dividend payout ratio (DPR) is presently 22.46%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Total Clarity Wealth Management Inc. acquired a new position in shares of Industrias Bachoco in the fourth quarter worth $52,000. First Wilshire Securities Management Inc. grew its stake in shares of Industrias Bachoco by 29.9% in the first quarter. First Wilshire Securities Management Inc. now owns 75,958 shares of the company’s stock worth $2,583,000 after acquiring an additional 17,500 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Industrias Bachoco by 0.4% in the fourth quarter. Renaissance Technologies LLC now owns 638,100 shares of the company’s stock worth $33,181,000 after acquiring an additional 2,600 shares in the last quarter. Institutional investors own 2.88% of the company’s stock.

Industrias Bachoco Company Profile

Industrias Bachoco, SAB. de C.V., through its subsidiaries, operates as a poultry producer in Mexico and the United States. The company operates in two segment, Poultry and Others It is primarily involved in the breeding, processing, and marketing of chicken, eggs, swine, balanced animal feed, and other meat products.

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