Industrias Bachoco（纽约证券交易所代码：IBA）股价下跌1.6％

Shares of Industrias Bachoco, S.A.B. de C.V. (NYSE:IBA – Get Rating) dropped 1.6% during trading on Tuesday . The company traded as low as $61.33 and last traded at $62.00. Approximately 1,162 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 6,864 shares. The stock had previously closed at $62.99.

Wall Street Analysts Forecast Growth

IBA has been the subject of a number of research reports. StockNews.com initiated coverage on shares of Industrias Bachoco in a report on Thursday, March 16th. They issued a "buy" rating for the company. JPMorgan Chase & Co. downgraded shares of Industrias Bachoco from an "overweight" rating to a "neutral" rating and set a $56.00 price objective for the company. in a research report on Wednesday, February 22nd.

Industrias Bachoco Stock Down 1.2 %

The company has a market capitalization of $3.11 billion, a P/E ratio of 10.24 and a beta of 0.73. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.68 and a current ratio of 3.78. The stock has a 50 day moving average price of $56.53 and a 200 day moving average price of $52.35.

Industrias Bachoco (NYSE:IBA – Get Rating) last announced its quarterly earnings data on Thursday, February 9th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.27). Industrias Bachoco had a return on equity of 11.59% and a net margin of 6.11%. The firm had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.21 billion. Equities research analysts forecast 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 hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN grew its holdings 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 worth $169,000 after purchasing an additional 226 shares in the last quarter. Luken Investment Analytics LLC bought a new stake in Industrias Bachoco during the 4th quarter valued at $25,000. Invesco Ltd. raised its holdings in Industrias Bachoco by 2.6% during 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. UBS Group AG bought a new stake in Industrias Bachoco during the 4th quarter valued at $39,000. Finally, Financial Gravity Asset Management Inc. bought a new stake in Industrias Bachoco during the 3rd quarter valued at $3,882,000. Hedge funds and other institutional investors own 3.08% of the company's stock.

Industrias Bachoco Company Profile

(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)
• Carmax Bottoms And Shifts Gears For Reversal
• Hovering Around $100, Generac Is a Powerful Long-Term Opportunity
• Albertsons Companies Can't Be Any More Attractive Than It Is
• PriceSmart: A Smart Play On Emerging Markets
• Insiders Are Selling These Stocks, But You Shouldn't

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.