Industrias Bachoco - IBA Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Industrias Bachoco in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" IBA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in IBA, but not buy additional shares or sell existing shares.
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1 brokerages have issued 12 month price targets for Industrias Bachoco's shares. Their IBA share price forecasts range from $56.00 to $56.00. On average, they anticipate the company's stock price to reach $56.00 in the next twelve months. This suggests that the stock has a possible downside of 5.2%.
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Industrias Bachoco's stock was trading at $50.99 at the beginning of the year. Since then, IBA stock has increased by 15.9% and is now trading at $59.08.
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Industrias Bachoco saw a decrease in short interest in the month of February. As of February 28th, there was short interest totaling 600 shares, a decrease of 60.0% from the February 13th total of 1,500 shares. Based on an average daily volume of 5,100 shares, the days-to-cover ratio is currently 0.1 days.
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The company is scheduled to release its next quarterly earnings announcement on Friday, May 5th 2023.
View our IBA earnings forecast.

Industrias Bachoco, S.A.B. de C.V. (NYSE:IBA) released its earnings results on Thursday, February, 9th. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.35 by $0.27. The business earned $1.21 billion during the quarter, compared to analysts' expectations of $1.21 billion. Industrias Bachoco had a trailing twelve-month return on equity of 11.59% and a net margin of 6.11%.

Industrias Bachoco announced a semi-annual dividend on Friday, June 24th. Shareholders of record on Tuesday, July 12th will be given a dividend of $0.4887 per share on Monday, July 25th. This represents a yield of 2.1%. The ex-dividend date of this dividend is Monday, July 11th.
Read our dividend analysis for IBA.

Industrias Bachoco (NYSE:IBA) pays an annual dividend of $0.46 per share and currently has a dividend yield of 0.79%. The dividend payout ratio is 7.48%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, IBA will have a dividend payout ratio of 7.20% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for IBA.

20 employees have rated Industrias Bachoco Chief Executive Officer Rodolfo Ramos Arvizu on Glassdoor.com. Rodolfo Ramos Arvizu has an approval rating of 98% among the company's employees. This puts Rodolfo Ramos Arvizu in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Industrias Bachoco investors own include AT&T (T), Gilead Sciences (GILD), Tronox (TROX), Tyson Foods (TSN), Bunge (BG), Altria Group (MO), AbbVie (ABBV), Best Buy (BBY), Franklin Resources (BEN) and Costco Wholesale (COST).

Industrias Bachoco trades on the New York Stock Exchange (NYSE) under the ticker symbol "IBA."

Industrias Bachoco's stock is owned by a number of retail and institutional investors. Top institutional investors include Everett Harris & Co. CA (0.28%), Quadrant Capital Group LLC (0.01%), Wells Fargo & Company MN (0.01%), JPMorgan Chase & Co. (0.00%), UBS Group AG (0.00%) and Luken Investment Analytics LLC (0.00%).

Shares of IBA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of IBA stock can currently be purchased for approximately $59.08.

Industrias Bachoco (NYSE:IBA) has a market capitalization of $2.95 billion and generates $5.07 billion in revenue each year. The company earns $315.34 million in net income (profit) each year or $6.15 on an earnings per share basis.

The company employs 32,058 workers across the globe.

Industrias Bachoco's mailing address is AVENIDA TECNOLOGICO 401 CIUDAD INDUSTRIAL, CELAYA O5, 38010. The official website for the company is www.bachoco.com.mx. The company can be reached via phone at 524616183555, via email at inversionistas@bachoco.net, or via fax at 52-46-1611-6502.