Bunge Global (NYSE:BG) Price Target Raised to $150.00

Bunge Global (NYSE:BG) had its price objective raised by equities researchers at BMO Capital Markets from $135.00 to $150.00 in a report issued on Tuesday,MarketScreener reports. The brokerage currently has an “outperform” rating on the basic materials company’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 17.70% from the company’s previous close.

Several other equities analysts have also weighed in on the company. Zacks Research lowered Bunge Global from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. Citigroup restated a “buy” rating on shares of Bunge Global in a research note on Tuesday, December 2nd. Weiss Ratings lowered shares of Bunge Global from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday, February 23rd. UBS Group reissued a “buy” rating on shares of Bunge Global in a research report on Wednesday, March 11th. Finally, Barclays upped their price target on shares of Bunge Global from $135.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $126.60.

Bunge Global Stock Performance

Shares of NYSE BG traded up $0.24 during mid-day trading on Tuesday, reaching $127.44. 388,465 shares of the company’s stock were exchanged, compared to its average volume of 1,835,191. The firm has a market capitalization of $24.66 billion, a price-to-earnings ratio of 23.52, a price-to-earnings-growth ratio of 0.79 and a beta of 0.75. The firm has a 50-day moving average price of $119.93 and a two-hundred day moving average price of $101.74. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.61 and a quick ratio of 0.74. Bunge Global has a 52 week low of $68.33 and a 52 week high of $131.50.

Bunge Global (NYSE:BG) last posted its quarterly earnings data on Wednesday, February 4th. The basic materials company reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.17. Bunge Global had a net margin of 1.16% and a return on equity of 8.69%. The business had revenue of $23.76 billion during the quarter, compared to the consensus estimate of $23 billion. During the same quarter last year, the company posted $2.13 earnings per share. The firm’s quarterly revenue was up 75.5% compared to the same quarter last year. Bunge Global has set its FY 2026 guidance at 7.500-8.000 EPS. Analysts predict that Bunge Global will post 7.94 EPS for the current year.

Hedge Funds Weigh In On Bunge Global

A number of large investors have recently modified their holdings of BG. Foster Dykema Cabot & Partners LLC bought a new stake in Bunge Global during the 3rd quarter worth approximately $25,000. CoreCap Advisors LLC increased its holdings in shares of Bunge Global by 2,000.0% in the third quarter. CoreCap Advisors LLC now owns 315 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 300 shares during the period. Quest 10 Wealth Builders Inc. purchased a new stake in shares of Bunge Global in the fourth quarter worth $27,000. Root Financial Partners LLC bought a new stake in Bunge Global during the third quarter valued at $28,000. Finally, CYBER HORNET ETFs LLC purchased a new position in Bunge Global during the second quarter worth about $31,000. 86.23% of the stock is currently owned by institutional investors.

Bunge Global Company Profile

Bunge Global is a leading agribusiness and food company that processes oilseeds and grains, produces sugar and bioenergy, and supplies fertilizers and other agricultural inputs. The company operates an integrated value chain that spans origination, processing, and distribution, enabling it to serve food processors, livestock producers, and retail customers worldwide. Through its network of processing plants, port terminals and logistics assets, Bunge handles a diverse portfolio of commodities, including soybeans, corn, wheat, vegetable oils, and sugarcane.

The company’s core business activities are organized into agribusiness and food & ingredients segments.