Industrias Bachoco, S.A.B. de C.V. (ADR) (IBA) Reaches $58.89 52-Week High; Penntex Midstream Partners LP (PTXP) SI Decreased By 82.45%

July 17, 2017 - By Vivian Currie

The stock of Industrias Bachoco, S.A.B. de C.V. (ADR) (NYSE:IBA) hit a new 52-week high and has $64.19 target or 9.00% above today’s $58.89 share price. The 8 months bullish chart indicates low risk for the $2.98 billion company. The 1-year high was reported on Jul, 17 by Barchart.com. If the $64.19 price target is reached, the company will be worth $268.20 million more. About 1,154 shares traded. Industrias Bachoco, S.A.B. de C.V. (ADR) (NYSE:IBA) has risen 10.73% since July 17, 2016 and is uptrending. It has underperformed by 5.97% the S&P500.

Penntex Midstream Partners LP (NASDAQ:PTXP) had a decrease of 82.45% in short interest. PTXP’s SI was 15,300 shares in July as released by FINRA. Its down 82.45% from 87,200 shares previously. With 141,300 avg volume, 0 days are for Penntex Midstream Partners LP (NASDAQ:PTXP)’s short sellers to cover PTXP’s short positions. The SI to Penntex Midstream Partners LP’s float is 0.11%. It is 0.00% or $0 reaching $20 per share. It is down 38.25% since July 17, 2016 and is uptrending. It has outperformed by 21.55% the S&P500.

PennTex Midstream Partners, LP, focuses on owning, operating, acquiring and developing midstream energy infrastructure assets in North America. The company has market cap of $814.29 million. The Firm owns and operates midstream gathering, processing and transportation assets in northern Louisiana. It has a 76.56 P/E ratio. The Firm provides natural gas gathering and processing and residue gas and natural gas liquid transportation services to producers focused on the Cotton Valley formation in northern Louisiana.

Among 12 analysts covering PennTex Midstream Partners LP (NASDAQ:PTXP), 2 have Buy rating, 0 Sell and 10 Hold. Therefore 17% are positive. PennTex Midstream Partners LP had 24 analyst reports since August 10, 2015 according to SRatingsIntel. Barclays Capital maintained it with “Overweight” rating and $22 target in Friday, August 14 report. The company was downgraded on Monday, May 22 by Citigroup. Wells Fargo downgraded the shares of PTXP in report on Monday, January 18 to “Market Perform” rating. The firm has “Neutral” rating by Robert W. Baird given on Friday, May 19. RBC Capital Markets downgraded the stock to “Sector Perform” rating in Friday, May 19 report. On Friday, January 15 the stock rating was downgraded by Wells Fargo to “Market Perform”. On Wednesday, August 10 the stock rating was maintained by Citigroup with “Buy”. The firm has “Buy” rating given on Friday, February 26 by Wunderlich. The stock has “Hold” rating by SunTrust on Tuesday, November 29. The stock of Penntex Midstream Partners LP (NASDAQ:PTXP) earned “Neutral” rating by JP Morgan on Wednesday, March 30.

Industrias Bachoco, S.A.B. de C.V. is a holding company. The company has market cap of $2.98 billion. The Firm owns and manages over 1,000 facilities, organized in approximately 10 production complexes and over 60 distribution centers in Mexico, and a production complex in the United States. It has a 12.91 P/E ratio. Bachoco operates through two divisions: poultry and others.

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