News coverage about Industrias Bachoco (NYSE:IBA) has been trending somewhat positive this week, according to Accern. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Industrias Bachoco earned a news impact score of 0.12 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 47.6019767560264 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Separately, Zacks Investment Research lowered Industrias Bachoco from a “buy” rating to a “hold” rating in a research note on Thursday, August 9th.

Shares of Industrias Bachoco stock opened at $57.35 on Friday. Industrias Bachoco has a 12 month low of $53.00 and a 12 month high of $67.61. The company has a market cap of $2.87 billion, a P/E ratio of 11.63 and a beta of 0.24. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.29 and a quick ratio of 2.52.

Industrias Bachoco (NYSE:IBA) last issued its quarterly earnings data on Monday, July 23rd. The company reported $1.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.06). Industrias Bachoco had a net margin of 8.69% and a return on equity of 14.54%. The company had revenue of $815.90 million for the quarter, compared to analysts’ expectations of $740.25 million. research analysts predict that Industrias Bachoco will post 4.45 earnings per share for the current year.

About Industrias Bachoco

Industrias Bachoco, SAB. de C.V., through its subsidiaries, operates as a poultry producer in Mexico and the United States. It primarily engages in the breeding, processing, and marketing of chicken, eggs, swine, balanced animal feed, and other meat products. The company also produces and distributes chicken, turkey, and beef value-added products, as well as medicines and vaccines for animal consumption; provides administrative and operating services; and elaborates and commercializes balanced animal feed and pet treats.

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