Bunge Ltd (NYSE:BG) has been assigned an average recommendation of “Buy” from the nine ratings firms that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $68.25.
A number of equities research analysts have recently weighed in on BG shares. Goldman Sachs Group upgraded shares of Bunge from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $64.00 to $67.00 in a report on Tuesday. TheStreet lowered shares of Bunge from a “b-” rating to a “c-” rating in a research report on Wednesday, October 30th. ValuEngine cut shares of Bunge from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Zacks Investment Research upgraded shares of Bunge from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Finally, Credit Suisse Group reiterated a “buy” rating on shares of Bunge in a research note on Monday, November 4th.
In related news, insider Jerry Matthews Simmons, Jr. sold 1,786 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $54.65, for a total value of $97,604.90. Following the transaction, the insider now owns 11,323 shares in the company, valued at $618,801.95. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.18% of the stock is currently owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in BG. Usca Ria LLC acquired a new position in shares of Bunge in the third quarter valued at about $45,000. Penserra Capital Management LLC lifted its position in shares of Bunge by 88.8% during the third quarter. Penserra Capital Management LLC now owns 906 shares of the basic materials company’s stock worth $50,000 after purchasing an additional 426 shares in the last quarter. Advisory Services Network LLC boosted its stake in shares of Bunge by 756.0% in the second quarter. Advisory Services Network LLC now owns 1,070 shares of the basic materials company’s stock valued at $60,000 after purchasing an additional 945 shares during the period. Rockefeller Capital Management L.P. boosted its stake in shares of Bunge by 8,370.6% in the second quarter. Rockefeller Capital Management L.P. now owns 1,440 shares of the basic materials company’s stock valued at $80,000 after purchasing an additional 1,423 shares during the period. Finally, Steward Partners Investment Advisory LLC acquired a new stake in Bunge during the 2nd quarter valued at $92,000. 78.46% of the stock is owned by institutional investors and hedge funds.
NYSE BG traded up $0.52 on Monday, hitting $55.80. The company’s stock had a trading volume of 120,197 shares, compared to its average volume of 734,041. The company has a quick ratio of 0.73, a current ratio of 1.47 and a debt-to-equity ratio of 1.29. Bunge has a 1-year low of $47.26 and a 1-year high of $60.65. The company’s 50-day moving average is $54.64 and its 200 day moving average is $55.36. The firm has a market cap of $7.89 billion, a PE ratio of 20.51 and a beta of 0.86.
Bunge (NYSE:BG) last issued its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.87. The company had revenue of $10.32 billion for the quarter, compared to analyst estimates of $11.14 billion. Bunge had a negative net margin of 3.09% and a positive return on equity of 9.31%. Bunge’s revenue was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.52 earnings per share. On average, equities analysts expect that Bunge will post 2.95 EPS for the current year.
Bunge Company Profile
Bunge Limited operates as an agribusiness and food company worldwide. It operates in 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 grains primarily wheat and corn; and vegetable oils and protein meals.
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