Bunge Global SA (NYSE:BG) Receives $118.00 Average PT from Brokerages

Shares of Bunge Global SA (NYSE:BG) have been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $118.00.

Separately, Citigroup lowered Bunge Global from a “buy” rating to a “neutral” rating and cut their price objective for the company from $125.00 to $114.00 in a report on Thursday, August 1st.

Bunge Global Trading Up 1.4 %

NYSE:BG opened at $90.22 on Friday. Bunge Global has a 1 year low of $86.10 and a 1 year high of $114.92. The stock has a market cap of $12.77 billion, a price-to-earnings ratio of 7.26 and a beta of 0.64. The business has a fifty day moving average of $96.85 and a 200-day moving average of $102.47. 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 released its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $1.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.06). Bunge Global had a return on equity of 14.84% and a net margin of 2.33%. The business had revenue of $13.24 billion during the quarter, compared to the consensus estimate of $14.30 billion. During the same period in the previous year, the company posted $3.72 EPS. The company’s revenue for the quarter was down 12.0% compared to the same quarter last year. Equities analysts predict that Bunge Global will post 9.3 earnings per share for the current year.

Institutional Investors Weigh In On Bunge Global

Hedge funds have recently modified their holdings of the stock. Altshuler Shaham Ltd purchased a new stake in Bunge Global in the 2nd quarter worth about $28,000. Blue Trust Inc. lifted its stake in Bunge Global by 52.3% in the 2nd quarter. Blue Trust Inc. now owns 297 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 102 shares in the last quarter. Farmers & Merchants Investments Inc. lifted its stake in Bunge Global by 185.2% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 308 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 200 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in Bunge Global in the 2nd quarter worth about $40,000. Finally, Atlas Capital Advisors LLC lifted its stake in Bunge Global by 261.3% in the 2nd quarter. Atlas Capital Advisors LLC now owns 383 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 277 shares in the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

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.