IBA / Industrias Bachoco: Further Consolidation Could Push The Price Up

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Neverthe more_horizontal

Industrias Bachoco (IBA) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not more_horizontal

The Zacks Food - Meat Products industry players are battling manufacturing cost inflation and supply-chain headwinds. However, the rising demand for p more_horizontal

The company has over $1 billion in cash and is trading at below 7.5x forward price to earnings. In 2022, the founding family launched a tender offer f more_horizontal

Here is how Industrias Bachoco (IBA) and Smucker (SJM) have performed compared to their sector so far this year. more_horizontal

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Neverthe more_horizontal

If you are looking for stocks that are well positioned to maintain their recent uptrend, Industrias Bachoco (IBA) could be a great choice. It is one o more_horizontal

Industrias Bachoco (IBA) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound sto more_horizontal