StockNews.com 开始报道 Industrias Bachoco（纽约证券交易所代码：IBA）

StockNews.com started coverage on shares of Industrias Bachoco (NYSE:IBA – Get Rating) in a research note released on Thursday morning. The firm issued a buy rating on the stock.

A number of other equities analysts have also recently issued reports on IBA. TheStreet upgraded shares of Industrias Bachoco from a c+ rating to an a- rating in a research report on Friday, November 25th. JPMorgan Chase & Co. downgraded Industrias Bachoco from an overweight rating to a neutral rating and set a $56.00 price target on the stock. in a report on Wednesday, February 22nd.

Industrias Bachoco Trading Up 0.6 %

NYSE IBA opened at $59.34 on Thursday. The firm has a market cap of $2.97 billion, a PE ratio of 9.65 and a beta of 0.68. Industrias Bachoco has a 1-year low of $38.04 and a 1-year high of $62.08. The stock has a 50-day moving average of $53.53 and a 200-day moving average of $50.80. The company has a current ratio of 3.78, a quick ratio of 2.68 and a debt-to-equity ratio of 0.06.

Industrias Bachoco (NYSE:IBA – Get Rating) last released 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). Industrias Bachoco had a net margin of 6.11% and a return on equity of 11.59%. The company had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $1.21 billion. As a group, sell-side analysts forecast that Industrias Bachoco will post 6.03 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Wipfli Financial Advisors LLC bought a new stake in shares of Industrias Bachoco during the 3rd quarter valued at about $58,000. JPMorgan Chase & Co. boosted its position in Industrias Bachoco by 1,285.0% during the 4th quarter. JPMorgan Chase & Co. now owns 1,385 shares of the company's stock valued at $71,000 after acquiring an additional 1,285 shares in the last quarter. UBS Group AG purchased a new position in shares of Industrias Bachoco during the 4th quarter worth approximately $39,000. Quadrant Capital Group LLC raised its position in shares of Industrias Bachoco by 29.7% in the 4th quarter. Quadrant Capital Group LLC now owns 5,450 shares of the company's stock worth $278,000 after acquiring an additional 1,249 shares in the last quarter. Finally, Luken Investment Analytics LLC bought a new position in shares of Industrias Bachoco in the 4th quarter worth approximately $25,000. 3.08% of the stock is owned by hedge funds and other institutional investors.

Industrias Bachoco Company Profile

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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.

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