Industrias Bachoco SAB upgraded by JP Morgan with a new price target
$IBA
Meat/Poultry/Fish
Consumer Staples
JP Morgan upgraded Industrias Bachoco SAB from Neutral to Overweight and set a new price target of $50.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/22/2023 | $56.00 | Overweight → Neutral | JP Morgan |
SC 13D/A - Industrias Bachoco S.A.B. de C.V. (0001044896) (Subject)
SC 13D - Industrias Bachoco S.A.B. de C.V. (0001044896) (Subject)
Industrias Bachoco, S.A.B. de C.V. ("Bachoco") (NYSE:IBA, BMV:BACHOCO). A national leader in the production and marketing of poultry products and other food products, informs, following previous announcements, that it has delisted its American Depositary Receipts ("ADRs"), from the New York Stock Exchange ("NYSE"), and is in the process of terminating its ADR program, and deregistering and terminating its obligations to prepare and file reports under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Bachoco filed a Form 15F, before the U.S. Securities and Exchange Commission ("SEC") on April 24, 2023, with the effect of immediately suspending its Exchange Act reporting o
Understanding Value Stocks A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. The following stocks are considered to be notable value stocks in the consumer defensive sector: Herbalife Nutrition (NYSE:HLF) - P/E: 4.89 Adecoagro (NYSE:AGRO) - P/E: 8.07 United Natural Foods (NYSE:UNFI) - P/E: 8.45 Tyson Foods (NYSE:TSN) - P/E: 8.91 Industrias Bachoco SAB (NYSE:IBA) - P/E: 9.02 Herbalife Nutrition has reported Q4 earnings per share at $0.53, which has decreased by 41.76% compared to Q3
What is a Value Stock? A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. Below is a list of notable value stocks in the consumer defensive sector: Bunge (NYSE:BG) - P/E: 9.07 Natural Alternatives Intl (NASDAQ:NAII) - P/E: 6.27 Industrias Bachoco SAB (NYSE:IBA) - P/E: 9.18 Ingles Markets (NASDAQ:IMKTA) - P/E: 6.01 Tarena International (NASDAQ:TEDU) -
JP Morgan downgraded Industrias Bachoco SA from Overweight to Neutral and set a new price target of $56.00
JP Morgan upgraded Industrias Bachoco SAB from Neutral to Overweight and set a new price target of $50.00
6-K - Industrias Bachoco S.A.B. de C.V. (0001044896) (Filer)
15F-15D - Industrias Bachoco S.A.B. de C.V. (0001044896) (Filer)
25 - Industrias Bachoco S.A.B. de C.V. (0001044896) (Filer)
Industrias Bachoco, S.A.B. de C.V. ("Bachoco") (NYSE:IBA, BMV:BACHOCO). A national leader in the production and marketing of poultry products and other food products, informs that its Board of Directors, with the abstention in the deliberation and voting, and without the presence of, directors who are members of the Robinson Bours Family, has resolved, considering, mainly, that, to date, approximately 2.5% of the shares representing its outstanding capital stock are held by the investing public, and, therefore: (i) the costs of maintaining such shares registered in the National Securities Registry (Registro Nacional de Valores) maintained by the National Banking and Securities Commission (C
Industrias Bachoco, S.A.B. de C.V. ("Bachoco") (NYSE:IBA, BMV:BACHOCO). A national leader in the production and marketing of poultry products and other food products, informs, following previous announcements, that it has delisted its American Depositary Receipts ("ADRs"), from the New York Stock Exchange ("NYSE"), and is in the process of terminating its ADR program, and deregistering and terminating its obligations to prepare and file reports under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Bachoco filed a Form 15F, before the U.S. Securities and Exchange Commission ("SEC") on April 24, 2023, with the effect of immediately suspending its Exchange Act reporting
Industrias Bachoco, S.A.B. de C.V. ("Bachoco") (NYSE:IBA, BMV:BACHOCO). A national leader in the production and marketing of poultry products and other food products, today announced that its Board of Directors, considering, among other things: the results of the tender offer concluded on November 2022, by Edificio del Noroeste, S.A. de C.V., a vehicle controlled by the Robinson Bours Family, which together with its affiliates and related parties in the aggregate, at this date hold more than 97% of the outstanding shares issued by Bachoco; the low trading volume in the United States of America; the relatively low participation in the American Depositary Receipts ("ADRs") program and the ben