NYSE:IBA Industrias Bachoco (IBA) Stock Forecast, Price & News $53.00 0.00 (0.00%) (As of 05/8/2023) Add Compare Share Share Today's Range$53.00▼$53.0050-Day Range$53.00▼$66.2552-Week Range$38.04▼$66.25VolumeN/AAverage VolumeN/AMarket Capitalization$2.65 billionP/E Ratio8.62Dividend Yield0.87%Price Target$56.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Industrias Bachoco MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside5.7% Upside$56.00 Price TargetShort InterestHealthy0.00% of Shares Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment-0.16Based on 3 Articles This WeekInsider TradingN/AProj. Earnings GrowthN/ASee 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.1.57 out of 5 starsConsumer Staples Sector130th 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 upside of 5.7% from its current price of $53.00.Amount of Analyst CoverageIndustrias Bachoco has received no research coverage in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted0.00% 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 0.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Industrias Bachoco has recently decreased by 74.07%, indicating that investor sentiment is improving significantly. Previous Next 0.8 Dividend Strength Dividend YieldIndustrias Bachoco has a dividend yield of 0.87%, 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%. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for IBA. Previous Next 1.6 News and Social Media Coverage News SentimentIndustrias Bachoco has a news sentiment score of -0.16. 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 0.60 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.MarketBeat Follows1 people have added Industrias Bachoco to their MarketBeat watchlist in the last 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 Price to Earnings Ratio vs. the MarketThe P/E ratio of Industrias Bachoco is 8.62, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.71.Price to Earnings Ratio vs. SectorThe P/E ratio of Industrias Bachoco is 8.62, which means that it is trading at a less expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 16.95.Price to Book Value per Share RatioIndustrias Bachoco has a P/B Ratio of 0.97. P/B Ratios below 1 indicate that a company could be undervalued 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 HeadlinesMay 25, 2023 | msn.comIndustrias Bachoco to be delisted in the USMay 24, 2023 | businesswire.comBachoco Informs About Intent to Initiate Delisting Process in MexicoMay 27, 2023 | Stocks To Trade (Ad)15 A.I. Trading Opportunities a DayUsing our algorithm, we sift through 15,000 stocks every second. We generate 15 trading opportunities a day.May 22, 2023 | americanbankingnews.comIndustrias Bachoco (NYSE:IBA) Now Covered by StockNews.comMay 13, 2023 | americanbankingnews.comIndustrias Bachoco (NYSE:IBA) Coverage Initiated at StockNews.comMay 4, 2023 | americanbankingnews.comIndustrias Bachoco (NYSE:IBA) Coverage Initiated by Analysts at StockNews.comApril 24, 2023 | finance.yahoo.comBachoco Informs About Delisting in the United StatesApril 17, 2023 | entrepreneur.com3 Budget-Friendly Food Stocks Investors Are BuyingMay 27, 2023 | Stocks To Trade (Ad)15 A.I. Trading Opportunities a DayUsing our algorithm, we sift through 15,000 stocks every second. We generate 15 trading opportunities a day.April 13, 2023 | americanbankingnews.comIndustrias Bachoco (NYSE:IBA) Trading Down 1.6%April 8, 2023 | americanbankingnews.comIndustrias Bachoco (NYSE:IBA) Shares Up 3%April 3, 2023 | finance.yahoo.comIndustrias Bachoco (IBA) Surges 6.9%: Is This an Indication of Further Gains?April 1, 2023 | americanbankingnews.comIndustrias Bachoco (NYSE:IBA) Trading Down 5.1%March 28, 2023 | uk.finance.yahoo.comIndustrias Bachoco, S.A.B. de C.V. (IBA)March 28, 2023 | businesswire.comBachoco Informs About NYSE Delisting ApplicationMarch 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 HeadwindsFebruary 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 StockSee 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 Earnings10/24/2021Today5/27/2023Next Earnings (Estimated)6/02/2023Fiscal 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+5.7%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$6.15 Trailing P/E Ratio8.62 Forward P/E RatioN/A 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$5.07 billion Price / Sales0.52 Cash Flow$8.20 per share Price / Cash Flow6.46 Book Value$54.38 per share Price / Book0.97Miscellaneous Outstanding Shares50,000,000Free FloatN/AMarket Cap$2.65 billion OptionableNot Optionable Beta0.72 Key ExecutivesErnesto Salmon CasteloChief Executive OfficerErnesto Salmôn CasteloDirector-Mexico OperationsDaniel Salazar FerrerChief Financial Officer & SecretaryAlejandro Elias Calles GutierrezPurchasing DirectorAndrea GuerreroHead-Investor RelationsKey CompetitorsPilgrim's PrideNASDAQ:PPCTootsie Roll IndustriesNYSE:TRWD-40NASDAQ:WDFCTreeHouse FoodsNYSE:THSKrispy KremeNASDAQ:DNUTView All CompetitorsInstitutional OwnershipCitigroup Inc.Bought 405 shares on 5/11/2023Ownership: 0.001%US Bancorp DESold 3,817 shares on 5/9/2023Ownership: 0.029%Cutter & CO Brokerage Inc.Bought 3,100 shares on 5/9/2023Ownership: 0.006%Everett Harris & Co. CASold 24,110 shares on 4/25/2023Ownership: 0.232%View All Institutional Transactions IBA Stock - Frequently Asked Questions Should I buy or sell Industrias Bachoco stock right now? 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. What is Industrias Bachoco's stock price forecast for 2023? 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. How have IBA shares performed in 2023? 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. View the best growth stocks for 2023 here. When is Industrias Bachoco's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Friday, June 2nd 2023. View our IBA earnings forecast. How were Industrias Bachoco's earnings last quarter? 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%. How often does Industrias Bachoco pay dividends? What is the dividend yield for Industrias Bachoco? 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. 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 0.87%. The dividend payout ratio is 7.48%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for IBA. 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 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%). 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 $53.00. How much money does Industrias Bachoco make? 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. 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 5/27/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access 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. 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. 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