NYSE:IBA Industrias Bachoco - IBA Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Industrias Bachoco, S.A.B. de C.V. Please log in to your account or sign up in order to add this asset to your watchlist. $59.79 -2.75 (-4.40%) (As of 03/29/2023 09:31 AM ET) Add Compare Share Share Today's Range$59.79▼$60.8050-Day Range$51.22▼$62.5452-Week Range$38.04▼$62.97Volume761 shsAverage Volume6,769 shsMarket Capitalization$2.99 billionP/E Ratio9.72Dividend Yield0.77%Price Target$56.00 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Industrias Bachoco MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside10.5% Downside$56.00 Price TargetShort InterestHealthy0.01% of Shares Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment-0.07Based on 3 Articles This WeekInsider TradingN/AProj. Earnings Growth5.97%From $6.03 to $6.39 Per ShareSee Full Details Hide Full Details 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 starsConsumer Staples Sector128th out of 138 stocksPoultry Slaughtering & Processing Industry3rd out of 4 stocks 1.0 Analyst's Opinion Consensus RatingIndustrias Bachoco has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $56.00, Industrias Bachoco has a forecasted downside of 10.5% from its current price of $62.54.Amount of Analyst CoverageIndustrias Bachoco has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted0.01% of the outstanding shares of Industrias Bachoco have been sold short.Short Interest Ratio / Days to CoverIndustrias Bachoco has a short interest ratio ("days to cover") of 0.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Industrias Bachoco has recently increased by 433.33%, indicating that investor sentiment is decreasing significantly. Previous Next 1.7 Dividend Strength Dividend YieldIndustrias Bachoco has a dividend yield of 0.78%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthIndustrias Bachoco does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Industrias Bachoco is 7.48%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Industrias Bachoco will have a dividend payout ratio of 7.20% next year. This indicates that Industrias Bachoco will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for IBA. Previous Next 1.1 News and Social Media Coverage News SentimentIndustrias Bachoco has a news sentiment score of -0.07. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.52 average news sentiment score of Consumer Staples companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Industrias Bachoco this week, compared to 1 article on an average week.Search InterestOnly 4 people have searched for IBA on MarketBeat in the last 30 days. This is a decrease of -82% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Industrias Bachoco to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Industrias Bachoco insiders have not sold or bought any company stock.Percentage Held by InstitutionsOnly 3.08% of the stock of Industrias Bachoco is held by institutions. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Industrias Bachoco are expected to grow by 5.97% in the coming year, from $6.03 to $6.39 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Industrias Bachoco is 10.17, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.57.Price to Earnings Ratio vs. SectorThe P/E ratio of Industrias Bachoco is 10.17, which means that it is trading at a less expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 19.02.Price to Book Value per Share RatioIndustrias Bachoco has a P/B Ratio of 1.15. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Industrias Bachoco (NYSE:IBA) StockIndustrias 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.Read More Receive IBA Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Industrias Bachoco and its competitors with MarketBeat's FREE daily newsletter. Email Address IBA Stock News HeadlinesMarch 28, 2023 | uk.finance.yahoo.comIndustrias Bachoco, S.A.B. de C.V. (IBA)March 28, 2023 | businesswire.comBachoco Informs About NYSE Delisting ApplicationMarch 29, 2023 | Press Research (Ad)Nevada Could be the Source for America's Green FutureIndustry shift towards lithium driven by green energy goalsMarch 22, 2023 | americanbankingnews.comIndustrias Bachoco (NYSE:IBA) Shares Gap Down to $59.34March 21, 2023 | seekingalpha.comIndustrias Bachoco Is Holding Strong, But Slight Pressure ComingMarch 10, 2023 | finance.yahoo.com15 Biggest Poultry Companies in the WorldMarch 7, 2023 | msn.comChart of the Day: Industrias Bachoco - Mexican Poultry ProducerFebruary 28, 2023 | finance.yahoo.com3 Meat Food Stocks to Watch Despite Industry HeadwindsMarch 29, 2023 | Press Research (Ad)Nevada Could be the Source for America's Green FutureIndustry shift towards lithium driven by green energy goalsFebruary 10, 2023 | morningstar.comIndustrias Bachoco SAB de CV ADRFebruary 9, 2023 | finance.yahoo.comIndustrias Bachoco Announces Fourth Quarter and Full Year 2022 ResultsJanuary 26, 2023 | finance.yahoo.comIndustrias Bachoco Announces CEO RetirementJanuary 2, 2023 | finance.yahoo.comHere's What Could Help Industrias Bachoco (IBA) Maintain Its Recent Price StrengthJanuary 2, 2023 | finance.yahoo.comAre Consumer Staples Stocks Lagging Industrias Bachoco (IBA) This Year?December 2, 2022 | ca.finance.yahoo.comBachoco Reaches an Agreement to Acquire Norson, in MexicoNovember 30, 2022 | stocknews.comDon't Bite off More Than You Can Chew With This Food StockNovember 16, 2022 | finance.yahoo.comBachoco Announces Final Results of the Offering for its SharesNovember 2, 2022 | finance.yahoo.comIndustrias Bachoco, S.A. de C.V. (IBA) Hits Fresh High: Is There Still Room to Run?October 27, 2022 | finance.yahoo.comIs Industrias Bachoco (IBA) Stock Outpacing Its Consumer Staples Peers This Year?October 25, 2022 | finance.yahoo.comIndustrias Bachoco Announces Third Quarter 2022 ResultsOctober 24, 2022 | finance.yahoo.comZacks.com featured highlights include Oxford Industries, Ulta Beauty and Industrias BachocoOctober 21, 2022 | finance.yahoo.com3 Best Efficient Stocks to Boost Portfolio ReturnsOctober 13, 2022 | seekingalpha.comIndustrias Bachoco: Long-Term Trend Has Turned BullishOctober 11, 2022 | msn.comIndustrias Bachoco (IBA) is on the Move, Here's Why the Trend Could be SustainableOctober 6, 2022 | seekingalpha.comBachoco receives voluntary tender offer for 27% sharesOctober 6, 2022 | finance.yahoo.comCommencement of a Voluntary Offer to Acquire Bachoco SharesSeptember 30, 2022 | mx.investing.comNetflix pierde su ventaja frente a Disney; ambos van por negocio de publicidad en televisiónSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive IBA Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Industrias Bachoco and its competitors with MarketBeat's FREE daily newsletter. Email Address IBA Company Calendar Last Earnings2/09/2023Today3/29/2023Next Earnings (Estimated)5/05/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Poultry slaughtering & processing Sub-IndustryN/A SectorConsumer Staples Current SymbolNYSE:IBA CUSIPN/A CIK1044896 Webwww.bachoco.com.mx Phone524616183555Fax52-46-1611-6502Employees32,058Year FoundedN/APrice 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 RatingHold Rating Score (0-4)2.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$6.15 Trailing P/E Ratio10.17 Forward P/E Ratio10.37 P/E GrowthN/ANet Income$315.34 million Net Margins6.11% Pretax Margin8.18% Return on Equity11.59% Return on Assets8.61% Debt Debt-to-Equity Ratio0.06 Current Ratio3.78 Quick Ratio2.68 Sales & Book Value Annual Sales$98.89 billion Price / Sales0.03 Cash Flow$8.69 per share Price / Cash Flow7.20 Book Value$54.38 per share Price / Book1.15Miscellaneous Outstanding Shares50,000,000Free FloatN/AMarket Cap$3.13 billion OptionableNot Optionable Beta0.68 Key ExecutivesRodolfo Ramos ArvizuChief Executive OfficerErnesto Salmôn CasteloDirector-Mexico OperationsDaniel Salazar FerrerChief Financial Officer & SecretaryAlejandro Elias Calles GutierrezPurchasing DirectorAndrea GuerreroHead-Investor RelationsKey CompetitorsPilgrim's PrideNASDAQ:PPCFreshpetNASDAQ:FRPTTootsie Roll IndustriesNYSE:TRNomad FoodsNYSE:NOMDJ&J Snack FoodsNASDAQ:JJSFView All CompetitorsInstitutional OwnershipQuadrant Capital Group LLCBought 1,249 shares on 2/13/2023Ownership: 0.011%Wells Fargo & Company MNBought 226 shares on 2/13/2023Ownership: 0.007%JPMorgan Chase & Co.Bought 1,285 shares on 2/13/2023Ownership: 0.003%UBS Group AGBought 766 shares on 2/8/2023Ownership: 0.002%Luken Investment Analytics LLCBought 500 shares on 2/2/2023Ownership: 0.001%View All Institutional Transactions 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 Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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