Analysts Set Bunge Global SA (NYSE:BG) Price Target at $93.00

Shares of Bunge Global SA (NYSE:BG) have been given an average recommendation of “Moderate Buy” by the five analysts that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $93.00.

A number of brokerages have recently issued reports on BG. Barclays dropped their price objective on shares of Bunge Global from $95.00 to $85.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Stephens cut their price target on shares of Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Morgan Stanley decreased their price objective on Bunge Global from $90.00 to $74.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 11th. Finally, Bank of America dropped their target price on Bunge Global from $105.00 to $87.00 and set a “buy” rating for the company in a report on Tuesday, February 11th.

Institutional Trading of Bunge Global

Several large investors have recently added to or reduced their stakes in the company. Spire Wealth Management acquired a new stake in Bunge Global during the 4th quarter valued at $26,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Bunge Global during the third quarter worth $34,000. Crews Bank & Trust acquired a new stake in shares of Bunge Global in the fourth quarter valued at $39,000. Farther Finance Advisors LLC raised its holdings in shares of Bunge Global by 40.1% in the third quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company’s stock valued at $42,000 after buying an additional 124 shares during the last quarter. Finally, R Squared Ltd acquired a new position in Bunge Global during the 4th quarter worth about $45,000. 86.23% of the stock is owned by institutional investors.

Bunge Global Trading Up 2.6 %

Shares of BG opened at $73.12 on Tuesday. The stock’s 50-day moving average price is $76.30 and its 200 day moving average price is $87.19. The company has a quick ratio of 1.27, a current ratio of 2.15 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $10.21 billion, a price-to-earnings ratio of 9.05, a P/E/G ratio of 2.59 and a beta of 0.69. Bunge Global has a 12-month low of $67.40 and a 12-month high of $114.92.

Bunge Global (NYSE:BG) last released its quarterly earnings data on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.17). Bunge Global had a net margin of 2.14% and a return on equity of 11.73%. As a group, research analysts predict that Bunge Global will post 7.94 earnings per share for the current year.

Bunge Global Company Profile

Bunge Global SA operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains comprising wheat and corn; and processes oilseeds into vegetable oils and protein meals.