Bachoco (IBA) Receiving Somewhat Positive Media Coverage, Report Finds
News coverage about Bachoco (NYSE:IBA) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Bachoco earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.712254264218 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Separately, Zacks Investment Research lowered Bachoco from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 5th.
Bachoco stock opened at $62.96 on Tuesday. Bachoco has a one year low of $51.56 and a one year high of $67.61. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.93 and a quick ratio of 2.23. The firm has a market capitalization of $3,080.75, a PE ratio of 12.77 and a beta of 0.39.
Industrias Bachoco, SAB. de C.V., through its subsidiaries, operates as a poultry producer in Mexico and the United States. The company primarily engages in the breeding, processing, and marketing of chicken, eggs, swine, and balanced animal feed. It also offers value-added turkey and beef products; and produces and distributes medicines and vaccines for animal consumption.
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