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NYSE:IBA

Industrias Bachoco - IBA Stock Forecast, Price & News

$59.79
-2.75 (-4.40%)
(As of 03/29/2023 09:31 AM ET)
Add
Compare
Today's Range
$59.79
$60.80
50-Day Range
$51.22
$62.54
52-Week Range
$38.04
$62.97
Volume
761 shs
Average Volume
6,769 shs
Market Capitalization
$2.99 billion
P/E Ratio
9.72
Dividend Yield
0.77%
Price Target
$56.00

Industrias Bachoco MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
10.5% Downside
$56.00 Price Target
Short Interest
Healthy
0.01% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.07mentions of Industrias Bachoco in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.97%
From $6.03 to $6.39 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.39 out of 5 stars

Consumer Staples Sector

128th out of 138 stocks

Poultry Slaughtering & Processing Industry

3rd out of 4 stocks


IBA stock logo

About Industrias Bachoco (NYSE:IBA) Stock

Industrias Bachoco SAB de CV is a holding company, which engages breeding, processing, marketing poultry, such as chicken, eggs, balanced feed, swine, and other products. It operates through Poultry and Other segments. The Poultry segment includes chicken and egg operations. The Other segment consists of operations of swine, balanced feed for animal consumption and other by-products. The company was founded in 1952 and is headquartered in Celaya, Mexico.

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IBA Stock News Headlines

Industrias Bachoco, S.A.B. de C.V. (IBA)
Bachoco Informs About NYSE Delisting Application
Nevada Could be the Source for America's Green Future
Industry shift towards lithium driven by green energy goals
Industrias Bachoco (NYSE:IBA) Shares Gap Down to $59.34
15 Biggest Poultry Companies in the World
3 Meat Food Stocks to Watch Despite Industry Headwinds
Nevada Could be the Source for America's Green Future
Industry shift towards lithium driven by green energy goals
Industrias Bachoco SAB de CV ADR
Industrias Bachoco Announces CEO Retirement
Bachoco Reaches an Agreement to Acquire Norson, in Mexico
Industrias Bachoco Announces Third Quarter 2022 Results
3 Best Efficient Stocks to Boost Portfolio Returns
Industrias Bachoco: Long-Term Trend Has Turned Bullish
Bachoco receives voluntary tender offer for 27% shares
See More Headlines
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IBA Company Calendar

Last Earnings
2/09/2023
Today
3/29/2023
Next Earnings (Estimated)
5/05/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Poultry slaughtering & processing
Sub-Industry
N/A
Employees
32,058
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$56.00
High Stock Price Forecast
$56.00
Low Stock Price Forecast
$56.00
Forecasted Upside/Downside
-10.5%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$315.34 million
Pretax Margin
8.18%

Debt

Sales & Book Value

Annual Sales
$98.89 billion
Cash Flow
$8.69 per share
Book Value
$54.38 per share

Miscellaneous

Free Float
N/A
Market Cap
$3.13 billion
Optionable
Not Optionable
Beta
0.68

Key Executives

  • Rodolfo Ramos Arvizu
    Chief Executive Officer
  • Ernesto Salmôn Castelo
    Director-Mexico Operations
  • Daniel Salazar Ferrer
    Chief Financial Officer & Secretary
  • Alejandro Elias Calles Gutierrez
    Purchasing Director
  • Andrea Guerrero
    Head-Investor Relations













IBA Stock - Frequently Asked Questions

Should I buy or sell Industrias Bachoco stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Industrias Bachoco in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street equities 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.

What is Industrias Bachoco's stock price forecast for 2023?

1 equities research analysts have issued 1 year price targets for Industrias Bachoco's shares. Their IBA share price forecasts range from $56.00 to $56.00. On average, they predict the company's share price to reach $56.00 in the next year. This suggests that the stock has a possible downside of 10.5%.
View analysts price targets for IBA
or view top-rated stocks among Wall Street analysts.

How have IBA shares performed in 2023?

Industrias Bachoco's stock was trading at $50.99 at the beginning of the year. Since then, IBA shares have increased by 22.7% and is now trading at $62.54.
View the best growth stocks for 2023 here
.

Are investors shorting Industrias Bachoco?

Industrias Bachoco saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 3,200 shares, an increase of 433.3% from the February 28th total of 600 shares. Based on an average daily trading volume, of 7,100 shares, the short-interest ratio is currently 0.5 days.
View Industrias Bachoco's Short Interest
.

When is Industrias Bachoco's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, May 5th 2023.
View our IBA earnings forecast
.

How were Industrias Bachoco's earnings last quarter?

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

How often does Industrias Bachoco pay dividends? What is the dividend yield for Industrias Bachoco?

Industrias Bachoco announced 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 dividend yield of 2.1%. The ex-dividend date is Monday, July 11th.
Read our dividend analysis for IBA
.

Is Industrias Bachoco a good dividend stock?

Industrias Bachoco (NYSE:IBA) pays an annual dividend of $0.46 per share and currently has a dividend yield of 0.78%. 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.

What is Rodolfo Ramos Arvizu's approval rating as Industrias Bachoco's CEO?

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.

What other stocks do shareholders of Industrias Bachoco own?

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).

What is Industrias Bachoco's stock symbol?

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

Who are Industrias Bachoco's major shareholders?

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%).

How do I buy shares of Industrias Bachoco?

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.
Compare Top Brokerages Here.

What is Industrias Bachoco's stock price today?

One share of IBA stock can currently be purchased for approximately $62.54.

How much money does Industrias Bachoco make?

Industrias Bachoco (NYSE:IBA) has a market capitalization of $3.13 billion and generates $98.89 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.

How many employees does Industrias Bachoco have?

The company employs 32,058 workers across the globe.

How can I contact Industrias Bachoco?

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.

This page (NYSE:IBA) was last updated on 3/29/2023 by MarketBeat.com Staff