Bunge Global (NYSE:BG) Reaches New 1-Year Low – What’s Next?

Shares of Bunge Global SA (NYSE:BG) hit a new 52-week low on Thursday . The stock traded as low as $78.97 and last traded at $79.13, with a volume of 1733246 shares. The stock had previously closed at $81.27.

Wall Street Analysts Forecast Growth

Separately, Stephens upgraded Bunge Global to a “strong-buy” rating in a research note on Monday, December 2nd. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $118.00.

Bunge Global Trading Up 1.5 %

The company has a quick ratio of 1.10, a current ratio of 2.07 and a debt-to-equity ratio of 0.43. The firm’s 50 day moving average is $87.60 and its two-hundred day moving average is $97.37. The stock has a market cap of $11.04 billion, a price-to-earnings ratio of 10.01 and a beta of 0.68.

Institutional Investors Weigh In On Bunge Global

A number of hedge funds have recently added to or reduced their stakes in the stock. Altshuler Shaham Ltd acquired a new stake in Bunge Global in the 2nd quarter valued at approximately $28,000. Blue Trust Inc. raised its position in shares of Bunge Global by 52.3% during the 2nd quarter. Blue Trust Inc. now owns 297 shares of the basic materials company’s stock worth $30,000 after buying an additional 102 shares in the last quarter. Farmers & Merchants Investments Inc. raised its position in shares of Bunge Global by 185.2% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 308 shares of the basic materials company’s stock worth $33,000 after buying an additional 200 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Bunge Global in the 3rd quarter worth approximately $34,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Bunge Global in the second quarter valued at approximately $40,000. 86.23% of the stock is currently owned by institutional investors.

Bunge Global Company Profile

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.