Morgan Stanley Boosts Bunge Global (NYSE:BG) Price Target to $130.00

Bunge Global (NYSE:BG) had its price objective hoisted by analysts at Morgan Stanley from $120.00 to $130.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the basic materials company’s stock. Morgan Stanley’s price objective would suggest a potential upside of 12.12% from the stock’s current price.

A number of other equities research analysts also recently issued reports on BG. CICC Research boosted their price objective on shares of Bunge Global from $90.00 to $110.00 in a research report on Friday, November 7th. UBS Group lifted their target price on Bunge Global from $108.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday. Bank of America boosted their price target on Bunge Global from $112.00 to $119.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Zacks Research downgraded Bunge Global from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 27th. Finally, BMO Capital Markets lifted their price objective on Bunge Global from $95.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.44.

Bunge Global Price Performance

NYSE BG opened at $115.95 on Thursday. The company has a 50-day moving average price of $100.06 and a 200-day moving average price of $91.18. Bunge Global has a 52 week low of $67.81 and a 52 week high of $121.64. The company has a quick ratio of 0.83, a current ratio of 1.61 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $22.42 billion, a P/E ratio of 21.39, a PEG ratio of 1.99 and a beta of 0.78.

Bunge Global (NYSE:BG) last announced its earnings results on Wednesday, February 4th. The basic materials company reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.17. Bunge Global had a net margin of 1.16% and a return on equity of 8.69%. The company had revenue of $23.76 billion during the quarter, compared to analyst estimates of $23 billion. During the same period in the previous year, the business posted $2.13 earnings per share. The firm’s quarterly revenue was up 75.5% compared to the same quarter last year. Bunge Global has set its FY 2026 guidance at 7.500-8.000 EPS. Equities research analysts anticipate that Bunge Global will post 7.94 earnings per share for the current year.

Insider Transactions at Bunge Global

In related news, VP Christos Dimopoulos sold 25,300 shares of Bunge Global stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $94.37, for a total transaction of $2,387,561.00. Following the sale, the vice president owned 104,537 shares of the company’s stock, valued at approximately $9,865,156.69. This trade represents a 19.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Glencore plc lifted its holdings in shares of Bunge Global by 100.0% in the fourth quarter. Glencore plc now owns 65,612,206 shares of the basic materials company’s stock worth $5,844,735,000 after buying an additional 32,806,103 shares in the last quarter. Vanguard Group Inc. grew its stake in Bunge Global by 4.6% during the fourth quarter. Vanguard Group Inc. now owns 17,570,009 shares of the basic materials company’s stock valued at $1,565,136,000 after acquiring an additional 777,805 shares in the last quarter. Capital World Investors increased its holdings in Bunge Global by 4.5% in the 3rd quarter. Capital World Investors now owns 16,200,000 shares of the basic materials company’s stock valued at $1,316,299,000 after acquiring an additional 694,709 shares during the last quarter. State Street Corp lifted its stake in Bunge Global by 1.3% in the 3rd quarter. State Street Corp now owns 6,921,322 shares of the basic materials company’s stock worth $562,390,000 after purchasing an additional 85,873 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Bunge Global by 2.3% in the 2nd quarter. Geode Capital Management LLC now owns 3,535,869 shares of the basic materials company’s stock worth $282,683,000 after purchasing an additional 80,082 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors.

Bunge Global Company Profile

Bunge Global is a leading agribusiness and food company that processes oilseeds and grains, produces sugar and bioenergy, and supplies fertilizers and other agricultural inputs. The company operates an integrated value chain that spans origination, processing, and distribution, enabling it to serve food processors, livestock producers, and retail customers worldwide. Through its network of processing plants, port terminals and logistics assets, Bunge handles a diverse portfolio of commodities, including soybeans, corn, wheat, vegetable oils, and sugarcane.

The company’s core business activities are organized into agribusiness and food & ingredients segments.