Industrias Bachoco（纽约证券交易所代码：IBA）创下12个月新高，为60.00美元

Industrias Bachoco, S.A.B. de C.V. (NYSE:IBA – Get Rating) shares hit a new 52-week high during trading on Monday . The stock traded as high as $60.00 and last traded at $59.28, with a volume of 1183 shares trading hands. The stock had previously closed at $59.58.

Analysts Set New Price Targets

IBA has been the topic of a number of research analyst reports. JPMorgan Chase & Co. downgraded Industrias Bachoco from an "overweight" rating to a "neutral" rating and set a $56.00 target price on the stock. in a report on Wednesday, February 22nd. StockNews.com cut Industrias Bachoco from a "strong-buy" rating to a "buy" rating in a research report on Monday, February 13th. Finally, TheStreet raised shares of Industrias Bachoco from a "c+" rating to an "a-" rating in a report on Friday, November 25th.

Industrias Bachoco Stock Up 3.8 %

The company has a market capitalization of $3 billion, a price-to-earnings ratio of 9.76 and a beta of 0.68. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.78 and a quick ratio of 2.68. The firm's fifty day moving average price is $53.04 and its 200-day moving average price is $50.56.

Industrias Bachoco (NYSE:IBA – Get Rating) last issued its quarterly earnings data on Thursday, February 9th. The company reported $0.08 earnings per share 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 the consensus estimate of $1.21 billion. Industrias Bachoco had a return on equity of 11.59% and a net margin of 6.11%. Sell-side analysts expect that Industrias Bachoco, S.A.B. de C.V. will post 6.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in IBA. Wells Fargo & Company MN raised its stake in shares of Industrias Bachoco by 7.3% during the fourth quarter. Wells Fargo & Company MN now owns 3,305 shares of the company's stock valued at $169,000 after acquiring an additional 226 shares during the last quarter. Naples Global Advisors LLC raised its position in Industrias Bachoco by 1.7% during the 2nd quarter. Naples Global Advisors LLC now owns 17,465 shares of the company's stock worth $757,000 after purchasing an additional 300 shares during the last quarter. Luken Investment Analytics LLC acquired a new position in Industrias Bachoco during the 4th quarter worth about $25,000. Invesco Ltd. grew its position in shares of Industrias Bachoco by 2.6% in the 1st quarter. Invesco Ltd. now owns 20,490 shares of the company's stock valued at $957,000 after buying an additional 525 shares during the last quarter. Finally, UBS Group AG acquired a new stake in shares of Industrias Bachoco in the fourth quarter valued at about $39,000. Institutional investors own 3.08% of the company's stock.

About Industrias Bachoco

(Get Rating)

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.

Further Reading

• Get a free copy of the StockNews.com research report on Industrias Bachoco (IBA)
• Monoclonal Antibodies? Avid Bioservices surges 32% on Blowout Q3
• GitLab Crashes On Guidance; Analysts Defend
• Healthcare Stocks With at Least 30 Years of Dividend Increases
• Coinbase Pops As SVB Crumbles To Dust
• Airlines Update Guidance, Shares Head For Different Destinations

Receive News & Ratings for Industrias Bachoco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Industrias Bachoco and related companies with MarketBeat.com's FREE daily email newsletter.