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.
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.
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