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

Bunge Global SA (NYSE:BG) has been given a consensus rating of “Moderate Buy” by the ten brokerages that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $121.00.

BG has been the subject of several research reports. Wolfe Research downgraded Bunge Global from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 10th. Citigroup boosted their price target on Bunge Global from $117.00 to $122.00 and gave the company a “buy” rating in a research report on Thursday. Roth Mkm dropped their price target on Bunge Global from $161.00 to $138.00 and set a “buy” rating on the stock in a research report on Monday, February 5th. StockNews.com cut Bunge Global from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. Finally, HSBC upgraded Bunge Global from a “hold” rating to a “buy” rating and dropped their target price for the stock from $122.00 to $105.00 in a research report on Friday, February 9th.

Institutional Trading of Bunge Global

Large investors have recently added to or reduced their stakes in the stock. Loomis Sayles & Co. L P lifted its position in shares of Bunge Global by 169.8% during the third quarter. Loomis Sayles & Co. L P now owns 232 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 146 shares during the last quarter. NewSquare Capital LLC acquired a new stake in shares of Bunge Global in the fourth quarter valued at approximately $37,000. Rise Advisors LLC increased its stake in shares of Bunge Global by 40.6% in the fourth quarter. Rise Advisors LLC now owns 405 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 117 shares during the period. Riverview Trust Co acquired a new stake in shares of Bunge Global in the first quarter valued at approximately $46,000. Finally, Ramirez Asset Management Inc. acquired a new position in shares of Bunge Global during the third quarter valued at approximately $54,000. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Bunge Global Price Performance

NYSE:BG opened at $104.06 on Friday. The stock has a 50 day moving average price of $99.28 and a 200 day moving average price of $100.01. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 2.13. The stock has a market cap of $14.67 billion, a PE ratio of 6.99 and a beta of 0.64. Bunge Global has a one year low of $86.10 and a one year high of $116.59.

Bunge Global (NYSE:BG) last posted its earnings results on Wednesday, April 24th. The basic materials company reported $3.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.49. Bunge Global had a return on equity of 18.30% and a net margin of 3.77%. The company had revenue of $13.42 billion during the quarter, compared to analysts’ expectations of $13.96 billion. During the same quarter last year, the firm earned $3.26 earnings per share. The firm’s quarterly revenue was down 12.5% compared to the same quarter last year. Equities research analysts expect that Bunge Global will post 9.26 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.