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.
View IBA analyst ratings or view top-rated stocks.

1 brokers have issued 12-month price targets for Industrias Bachoco's stock. Their IBA share price forecasts range from $56.00 to $56.00. On average, they expect the company's share price to reach $56.00 in the next year. This suggests a possible upside of 5.7% from the stock's current price.
View analysts price targets for IBA or view top-rated stocks among Wall Street analysts.

Industrias Bachoco's stock was trading at $50.99 on January 1st, 2023. Since then, IBA stock has increased by 3.9% and is now trading at $53.00.
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The company is scheduled to release its next quarterly earnings announcement on Friday, June 2nd 2023.
View our IBA earnings forecast.

Industrias Bachoco, S.A.B. de C.V. (NYSE:IBA) issued its quarterly earnings results on Sunday, October, 24th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.05. The company earned $980.10 million during the quarter, compared to the consensus estimate of $987.18 million. Industrias Bachoco had a trailing twelve-month return on equity of 11.59% and a net margin of 6.11%.

Industrias Bachoco declared a semi-annual dividend on Friday, June 24th. Stockholders 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 0.87%. The dividend payout ratio is 7.48%. This payout ratio is at a healthy, sustainable level, below 75%.
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 many different institutional and retail investors. Top institutional investors include Everett Harris & Co. CA (0.23%), US Bancorp DE (0.03%), Cutter & CO Brokerage Inc. (0.01%) and Citigroup Inc. (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 $53.00.

Industrias Bachoco (NYSE:IBA) has a market capitalization of $2.65 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.