Shares of Industrias Bachoco, S.A.B. de C.V. (NYSE:IBA) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Analysts have set a 1 year consensus price objective of $68.00 for the company and are anticipating that the company will post $0.81 EPS for the current quarter, according to Zacks. Zacks has also assigned Industrias Bachoco an industry rank of 254 out of 255 based on the ratings given to its competitors.
Separately, Zacks Investment Research lowered Industrias Bachoco from a “buy” rating to a “hold” rating in a research note on Wednesday, June 20th.
Shares of IBA traded down $2.54 during trading hours on Tuesday, hitting $58.43. 9,618 shares of the company were exchanged, compared to its average volume of 6,483. The firm has a market cap of $3.05 billion, a PE ratio of 10.99 and a beta of 0.24. The company has a quick ratio of 2.52, a current ratio of 3.29 and a debt-to-equity ratio of 0.04. Industrias Bachoco has a one year low of $53.00 and a one year high of $67.61.
Industrias Bachoco (NYSE:IBA) last released its quarterly earnings data on Monday, July 23rd. The company reported $1.58 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($0.06). The company had revenue of $815.90 million for the quarter, compared to the consensus estimate of $740.25 million. Industrias Bachoco had a return on equity of 14.54% and a net margin of 8.69%. equities research analysts anticipate that Industrias Bachoco will post 4.45 EPS for the current fiscal year.
The business also recently disclosed a semiannual dividend, which was paid on Monday, July 16th. Stockholders of record on Thursday, July 5th were paid a dividend of $0.4365 per share. The ex-dividend date was Tuesday, July 3rd. This is a positive change from Industrias Bachoco’s previous semiannual dividend of $0.43. This represents a dividend yield of 1.54%. Industrias Bachoco’s dividend payout ratio (DPR) is currently 17.44%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its stake in shares of Industrias Bachoco by 388.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 2,989 shares of the company’s stock worth $174,000 after acquiring an additional 2,377 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Industrias Bachoco in the first quarter worth $223,000. Deutsche Bank AG acquired a new stake in shares of Industrias Bachoco in the fourth quarter worth $235,000. Everett Harris & Co. CA boosted its position in shares of Industrias Bachoco by 1.1% in the second quarter. Everett Harris & Co. CA now owns 99,717 shares of the company’s stock worth $5,759,000 after buying an additional 1,124 shares during the period. Finally, Sarasin & Partners LLP boosted its position in shares of Industrias Bachoco by 5.3% in the first quarter. Sarasin & Partners LLP now owns 100,000 shares of the company’s stock worth $6,195,000 after buying an additional 5,000 shares during the period. 3.65% of the stock is owned by institutional investors and hedge funds.
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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