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

Shares of Bunge Global SA (NYSE:BG) have been assigned an average rating of “Moderate Buy” from the five research firms that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $93.00.

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

Bunge Global Stock Performance

BG stock opened at $73.12 on Tuesday. The firm has a 50 day simple moving average of $76.30 and a 200 day simple moving average of $87.19. Bunge Global has a 52 week low of $67.40 and a 52 week high of $114.92. The stock has a market cap of $10.21 billion, a P/E ratio of 9.05, a P/E/G ratio of 2.59 and a beta of 0.69. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.27 and a current ratio of 2.15.

Bunge Global (NYSE:BG) last issued its earnings results 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%. Research analysts anticipate that Bunge Global will post 7.94 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Franklin Resources Inc. lifted its position in shares of Bunge Global by 16.9% during the 3rd quarter. Franklin Resources Inc. now owns 274,096 shares of the basic materials company’s stock worth $26,371,000 after purchasing an additional 39,646 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in Bunge Global by 7.7% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 3,879 shares of the basic materials company’s stock worth $302,000 after buying an additional 278 shares during the period. Vontobel Holding Ltd. increased its position in Bunge Global by 39.6% in the 4th quarter. Vontobel Holding Ltd. now owns 21,406 shares of the basic materials company’s stock worth $1,665,000 after buying an additional 6,077 shares during the period. iA Global Asset Management Inc. bought a new stake in shares of Bunge Global in the third quarter valued at approximately $888,000. Finally, State Street Corp boosted its position in shares of Bunge Global by 7.6% in the third quarter. State Street Corp now owns 7,051,601 shares of the basic materials company’s stock valued at $681,467,000 after acquiring an additional 500,897 shares during the period. Institutional investors own 86.23% of the company’s stock.

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.