Bunge Global SA (NYSE:BG) Receives Average Rating of “Moderate Buy” from Analysts

Bunge Global SA (NYSE:BG) has been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $118.00.

Separately, Citigroup lowered shares of Bunge Global from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $125.00 to $114.00 in a research report on Thursday, August 1st.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BG. Vanguard Group Inc. increased its holdings in shares of Bunge Global by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 18,954,832 shares of the basic materials company’s stock valued at $1,913,490,000 after purchasing an additional 578,065 shares during the period. Pacer Advisors Inc. grew its position in Bunge Global by 26.5% during the second quarter. Pacer Advisors Inc. now owns 4,211,052 shares of the basic materials company’s stock valued at $449,614,000 after purchasing an additional 883,127 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Bunge Global by 5.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,282,006 shares of the basic materials company’s stock valued at $243,664,000 after buying an additional 121,080 shares during the period. LSV Asset Management lifted its position in Bunge Global by 10.7% in the 2nd quarter. LSV Asset Management now owns 2,113,229 shares of the basic materials company’s stock worth $225,629,000 after buying an additional 203,910 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Bunge Global during the 4th quarter valued at $128,092,000. 86.23% of the stock is owned by institutional investors and hedge funds.

Bunge Global Stock Up 0.9 %

BG opened at $100.24 on Thursday. The stock’s fifty day moving average is $104.38 and its 200-day moving average is $102.66. Bunge Global has a one year low of $86.10 and a one year high of $115.84. The company has a market capitalization of $14.19 billion, a PE ratio of 8.07 and a beta of 0.67. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.97 and a current ratio of 2.03.

Bunge Global (NYSE:BG) last issued its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $1.73 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.06). The business had revenue of $13.24 billion during the quarter, compared to analyst estimates of $14.30 billion. Bunge Global had a net margin of 2.33% and a return on equity of 14.84%. Bunge Global’s revenue was down 12.0% compared to the same quarter last year. During the same period in the previous year, the company posted $3.72 earnings per share. On average, equities analysts predict that Bunge Global will post 9.3 EPS for the current fiscal year.

About Bunge Global

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.