Bunge Global SA (NYSE:BG) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Bunge Global SA (NYSE:BG) have earned a consensus recommendation of “Moderate Buy” from the five research firms that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $93.00.

BG has been the topic of several recent analyst reports. Barclays lowered their target price on shares of Bunge Global from $95.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Bank of America lowered their price objective on shares of Bunge Global from $105.00 to $87.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Stephens lowered their price objective on shares of Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Finally, Morgan Stanley lowered their price objective on shares of Bunge Global from $90.00 to $74.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 11th.

Institutional Trading of Bunge Global

Institutional investors and hedge funds have recently made changes to their positions in the stock. Franklin Resources Inc. grew its holdings in shares of Bunge Global by 16.9% during the 3rd quarter. Franklin Resources Inc. now owns 274,096 shares of the basic materials company’s stock valued at $26,371,000 after purchasing an additional 39,646 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Bunge Global by 7.7% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 3,879 shares of the basic materials company’s stock valued at $302,000 after purchasing an additional 278 shares during the last quarter. Vontobel Holding Ltd. grew its holdings in shares of Bunge Global by 39.6% during the 4th quarter. Vontobel Holding Ltd. now owns 21,406 shares of the basic materials company’s stock valued at $1,665,000 after purchasing an additional 6,077 shares during the last quarter. iA Global Asset Management Inc. bought a new position in shares of Bunge Global during the 3rd quarter valued at $888,000. Finally, State Street Corp grew its holdings in shares of Bunge Global by 7.6% during the 3rd quarter. State Street Corp now owns 7,051,601 shares of the basic materials company’s stock valued at $681,467,000 after purchasing an additional 500,897 shares during the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Bunge Global Stock Performance

NYSE BG opened at $73.59 on Tuesday. Bunge Global has a 1 year low of $67.40 and a 1 year high of $114.92. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.15 and a quick ratio of 1.27. The stock has a market capitalization of $10.27 billion, a PE ratio of 9.11, a P/E/G ratio of 2.59 and a beta of 0.69. The company’s 50 day simple moving average is $76.16 and its two-hundred day simple moving average is $86.96.

Bunge Global (NYSE:BG) last posted its earnings results on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.17). Bunge Global had a return on equity of 11.73% and a net margin of 2.14%. Analysts predict that Bunge Global will post 7.94 earnings per share for the current fiscal year.

About Bunge Global

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.