Bunge (NYSE:BG) has been assigned a $84.00 price target by Credit Suisse Group in a report issued on Monday, January 22nd. The firm currently has a “buy” rating on the basic materials company’s stock. Credit Suisse Group’s price objective would suggest a potential upside of 11.91% from the stock’s previous close.
A number of other research firms have also issued reports on BG. Zacks Investment Research lowered shares of Bunge from a “hold” rating to a “strong sell” rating in a report on Friday, October 20th. Robert W. Baird reiterated a “hold” rating and set a $77.00 price objective on shares of Bunge in a report on Friday, October 13th. Piper Jaffray Companies set a $86.00 price objective on shares of Bunge and gave the stock a “buy” rating in a report on Friday, October 6th. Citigroup lowered shares of Bunge from a “buy” rating to a “neutral” rating and set a $75.00 price target on the stock. in a report on Thursday, September 28th. Finally, Vertical Group upgraded shares of Bunge from a “hold” rating to a “buy” rating in a report on Thursday, December 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $81.00.
Bunge (NYSE BG) opened at $75.06 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.60 and a quick ratio of 0.82. Bunge has a 12 month low of $63.87 and a 12 month high of $83.75. The stock has a market cap of $10,710.00, a price-to-earnings ratio of 22.95, a price-to-earnings-growth ratio of 1.49 and a beta of 1.13.
Bunge (NYSE:BG) last issued its quarterly earnings data on Wednesday, February 14th. The basic materials company reported $0.67 EPS for the quarter, missing the Zacks’ consensus estimate of $1.48 by ($0.81). The business had revenue of $11.61 billion during the quarter, compared to analyst estimates of $12.57 billion. Bunge had a net margin of 1.06% and a return on equity of 6.68%. Bunge’s revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.70 earnings per share. equities research analysts anticipate that Bunge will post 2.62 earnings per share for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in BG. WINTON GROUP Ltd lifted its stake in Bunge by 48.3% during the third quarter. WINTON GROUP Ltd now owns 11,988 shares of the basic materials company’s stock worth $833,000 after purchasing an additional 3,907 shares during the last quarter. Shell Asset Management Co. lifted its stake in Bunge by 155.1% in the third quarter. Shell Asset Management Co. now owns 21,083 shares of the basic materials company’s stock valued at $1,776,000 after buying an additional 12,818 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in Bunge in the fourth quarter valued at $760,000. Legal & General Group Plc lifted its stake in Bunge by 4.1% in the third quarter. Legal & General Group Plc now owns 907,918 shares of the basic materials company’s stock valued at $63,060,000 after buying an additional 35,864 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Bunge by 8.8% in the third quarter. Russell Investments Group Ltd. now owns 287,965 shares of the basic materials company’s stock valued at $19,999,000 after buying an additional 23,186 shares during the last quarter. 77.29% of the stock is owned by institutional investors and hedge funds.
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Bunge Company Profile
Bunge Limited is an agribusiness and food company with integrated operations that stretch from the farm field to consumer foods. The Company operates through five segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. Its Agribusiness segment is an integrated, global business involved in the purchase, storage, transport, processing and sale of agricultural commodities and commodity products.
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