Brokerages Anticipate Industrias Bachoco, S.A.B. de C.V. (IBA) to Post $0.75 Earnings Per Share

Share on StockTwits

Industrias Bachoco, S.A.B. de C.V. (NYSE:IBA) has received a consensus 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 recommendation.

Analysts have set a twelve-month consensus price objective of $50.00 for the company and are anticipating that the company will post $0.75 EPS for the current quarter, according to Zacks. Zacks has also assigned Industrias Bachoco an industry rank of 103 out of 255 based on the ratings given to its competitors.

A number of equities research analysts recently commented on the stock. ValuEngine cut shares of Industrias Bachoco from a “hold” rating to a “sell” rating in a report on Thursday. Zacks Investment Research raised shares of Industrias Bachoco from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 9th.

A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its stake in Industrias Bachoco by 15.8% in the 4th quarter. Bank of America Corp DE now owns 2,466 shares of the company’s stock valued at $98,000 after buying an additional 337 shares in the last quarter. Panagora Asset Management Inc. grew its stake in Industrias Bachoco by 5.2% in the 3rd quarter. Panagora Asset Management Inc. now owns 46,513 shares of the company’s stock valued at $2,508,000 after buying an additional 2,292 shares in the last quarter. Jane Street Group LLC purchased a new position in Industrias Bachoco in the 4th quarter valued at approximately $219,000. Baird Financial Group Inc. purchased a new position in Industrias Bachoco in the 3rd quarter valued at approximately $305,000. Finally, Virtu Financial LLC purchased a new position in Industrias Bachoco in the 3rd quarter valued at approximately $662,000. Institutional investors and hedge funds own 3.49% of the company’s stock.

Shares of NYSE:IBA traded up $1.18 during mid-day trading on Friday, reaching $45.48. The company had a trading volume of 10,627 shares, compared to its average volume of 10,575. The company has a current ratio of 3.32, a quick ratio of 2.57 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $2.30 billion, a PE ratio of 13.03 and a beta of 0.69. Industrias Bachoco has a one year low of $37.66 and a one year high of $64.38.

Industrias Bachoco (NYSE:IBA) last posted its quarterly earnings results on Wednesday, January 30th. The company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.41. The company had revenue of $784.00 million for the quarter, compared to analysts’ expectations of $772.00 million. Industrias Bachoco had a net margin of 6.22% and a return on equity of 10.14%. Research analysts predict that Industrias Bachoco will post 3.46 earnings per share for the current year.

About Industrias Bachoco

Industrias Bachoco SAB de CV is a holding company, which engages breeding, processing, and marketing poultry such as chicken, eggs, pork, balanced feed and other meat products. It operates through Poultry and Other segments. The Poultry segment involves in chicken and egg operations. The Other segment includes operations of pigs and balanced feed for animal consumption.

Recommended Story: Trading Ex-Dividend Strategy

Get a free copy of the Zacks research report on Industrias Bachoco (IBA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Industrias Bachoco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Industrias Bachoco and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Great West Life Assurance Co. Can Decreases Stake in SBA Communications Co.
Great West Life Assurance Co. Can Decreases Stake in SBA Communications Co.
Great West Life Assurance Co. Can Acquires 59,099 Shares of Fortive Corp
Great West Life Assurance Co. Can Acquires 59,099 Shares of Fortive Corp
Sequent Asset Management LLC Sells 3,678 Shares of Wells Fargo & Co
Sequent Asset Management LLC Sells 3,678 Shares of Wells Fargo & Co
SINA  Shares Gap Down  After Analyst Downgrade
SINA Shares Gap Down After Analyst Downgrade
Babcock International Group  Rating Reiterated by Shore Capital
Babcock International Group Rating Reiterated by Shore Capital
Goldman Sachs Group Cuts Dixons Carphone  Price Target to GBX 148
Goldman Sachs Group Cuts Dixons Carphone Price Target to GBX 148


© 2006-2019 Ticker Report