Brokerages Anticipate Industrias Bachoco, S.A. de C.V. (IBA) to Announce $0.62 Earnings Per Share
Shares of Industrias Bachoco, S.A. de C.V. (NYSE:IBA) have been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Analysts have set a 12 month consensus price objective of $71.00 for the company and are anticipating that the company will post $0.62 earnings per share for the current quarter, according to Zacks. Zacks has also given Industrias Bachoco an industry rank of 37 out of 265 based on the ratings given to its competitors.
Separately, BidaskClub upgraded shares of Industrias Bachoco from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 16th.
Industrias Bachoco (IBA) opened at $56.97 on Thursday. Industrias Bachoco has a fifty-two week low of $45.32 and a fifty-two week high of $67.61. The firm has a market cap of $2,891.00, a PE ratio of 12.43 and a beta of 0.33. The company has a current ratio of 2.93, a quick ratio of 2.23 and a debt-to-equity ratio of 0.05.
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Industrias Bachoco Company Profile
Industrias Bachoco, SAB. de C.V. (Bachoco) is a holding company. The Company owns and manages over 1,000 facilities, organized in approximately 10 production complexes and over 60 distribution centers in Mexico, and a production complex in the United States. Bachoco operates through two segments: poultry and others.
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