Several other brokerages also recently weighed in on IBA. JPMorgan Chase & Co. set a €20.00 ($23.26) price target on STMicroelectronics and gave the stock a “buy” rating in a report on Tuesday, May 14th. Zacks Investment Research cut ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday.
Shares of NYSE IBA opened at $53.12 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.26 and a current ratio of 4.23. The business has a 50 day simple moving average of $51.63. Industrias Bachoco has a fifty-two week low of $37.66 and a fifty-two week high of $62.50. The stock has a market capitalization of $2.68 billion, a P/E ratio of 15.22 and a beta of 0.46.
A number of large investors have recently made changes to their positions in IBA. Royce & Associates LP grew its stake in Industrias Bachoco by 26.8% in the first quarter. Royce & Associates LP now owns 60,991 shares of the company’s stock worth $2,812,000 after purchasing an additional 12,900 shares in the last quarter. Geode Capital Management LLC bought a new position in Industrias Bachoco in the fourth quarter worth approximately $499,000. Everett Harris & Co. CA boosted its position in Industrias Bachoco by 6.8% during the 1st quarter. Everett Harris & Co. CA now owns 110,548 shares of the company’s stock valued at $5,096,000 after acquiring an additional 7,037 shares in the last quarter. Deutsche Bank AG boosted its position in Industrias Bachoco by 46.7% during the 4th quarter. Deutsche Bank AG now owns 20,911 shares of the company’s stock valued at $827,000 after acquiring an additional 6,654 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in Industrias Bachoco during the 4th quarter valued at $219,000. 3.50% of the stock is currently owned by institutional investors.
About Industrias Bachoco
Industrias Bachoco, SAB. de C.V., through its subsidiaries, operates as a poultry producer in Mexico and the United States. The company operates in two segment, Poultry and Others It is primarily involved in the breeding, processing, and marketing of chicken, eggs, swine, balanced animal feed, and other meat products.
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