Shares of Bunge Limited (NYSE:BG) have earned an average recommendation of “Buy” from the eleven brokerages that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $85.40.
A number of research firms have recently commented on BG. Zacks Investment Research raised Bunge from a “sell” rating to a “hold” rating in a research note on Thursday, March 15th. Credit Suisse Group set a $84.00 target price on Bunge and gave the stock a “buy” rating in a research note on Monday, January 22nd. JPMorgan Chase raised Bunge from a “neutral” rating to an “overweight” rating and set a $90.00 target price on the stock in a research note on Wednesday, March 7th. Stephens raised Bunge from an “equal weight” rating to an “overweight” rating in a research note on Thursday, February 15th. Finally, Piper Jaffray reaffirmed a “buy” rating on shares of Bunge in a research report on Thursday, February 15th.
Several institutional investors have recently added to or reduced their stakes in BG. Janus Henderson Group PLC boosted its position in shares of Bunge by 16.1% during the third quarter. Janus Henderson Group PLC now owns 38,787 shares of the basic materials company’s stock valued at $2,694,000 after buying an additional 5,387 shares during the last quarter. Cubist Systematic Strategies LLC boosted its position in shares of Bunge by 700.9% during the third quarter. Cubist Systematic Strategies LLC now owns 12,814 shares of the basic materials company’s stock valued at $890,000 after buying an additional 11,214 shares during the last quarter. Neuberger Berman Group LLC boosted its position in shares of Bunge by 1,800.1% during the third quarter. Neuberger Berman Group LLC now owns 378,289 shares of the basic materials company’s stock valued at $26,276,000 after buying an additional 358,380 shares during the last quarter. Fruth Investment Management lifted its holdings in Bunge by 42.5% in the fourth quarter. Fruth Investment Management now owns 29,841 shares of the basic materials company’s stock valued at $2,001,000 after acquiring an additional 8,900 shares during the period. Finally, CGOV Asset Management lifted its holdings in Bunge by 63.9% in the fourth quarter. CGOV Asset Management now owns 31,300 shares of the basic materials company’s stock valued at $2,628,000 after acquiring an additional 12,200 shares during the period. 79.43% of the stock is currently owned by institutional investors.
NYSE BG opened at $73.73 on Wednesday. Bunge has a 12 month low of $63.87 and a 12 month high of $83.75. The firm has a market capitalization of $10,650.98, a PE ratio of 38.01 and a beta of 1.14. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.86 and a current ratio of 1.67.
Bunge (NYSE:BG) last released its earnings results on Wednesday, February 14th. The basic materials company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.81). Bunge had a return on equity of 4.36% and a net margin of 0.35%. The company had revenue of $11.61 billion during the quarter, compared to analysts’ expectations of $12.57 billion. During the same period in the prior year, the company posted $1.70 earnings per share. The company’s revenue was down 1.6% on a year-over-year basis. equities analysts anticipate that Bunge will post 3.76 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 4th. Investors of record on Wednesday, March 21st will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Friday, May 18th. This represents a $1.84 annualized dividend and a dividend yield of 2.50%. Bunge’s dividend payout ratio (DPR) is presently 94.85%.
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Bunge Company Profile
Bunge Limited operates as an agribusiness and food company worldwide. It operates through five segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. 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 grain, such as wheat and corn; and vegetable oils and protein meals.
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