Bunge Global (NYSE:BG) Downgraded to Hold Rating by Zacks Research

Bunge Global (NYSE:BG) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Several other analysts also recently weighed in on BG. UBS Group reaffirmed a “buy” rating on shares of Bunge Global in a research note on Wednesday, March 11th. BMO Capital Markets increased their price objective on Bunge Global from $135.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 31st. JPMorgan Chase & Co. raised their price objective on Bunge Global from $130.00 to $134.00 and gave the stock an “overweight” rating in a report on Tuesday, March 24th. HSBC lifted their target price on Bunge Global from $80.00 to $116.00 and gave the company a “hold” rating in a research report on Tuesday, March 3rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Bunge Global in a report on Friday, May 22nd. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $132.67.

Bunge Global Trading Down 2.3%

NYSE BG opened at $106.58 on Monday. The company’s 50-day moving average price is $122.16 and its 200-day moving average price is $116.13. The company has a current ratio of 1.60, a quick ratio of 0.69 and a debt-to-equity ratio of 0.57. The stock has a market cap of $20.68 billion, a PE ratio of 24.84 and a beta of 0.62. Bunge Global has a 12 month low of $71.60 and a 12 month high of $134.87.

Bunge Global (NYSE:BG) last announced its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.86. The company had revenue of $21.86 billion during the quarter, compared to analyst estimates of $23.38 billion. Bunge Global had a net margin of 0.85% and a return on equity of 8.60%. The firm’s revenue for the quarter was up 87.8% on a year-over-year basis. During the same quarter last year, the business posted $1.81 EPS. Bunge Global has set its FY 2026 guidance at 9.000-9.500 EPS. Equities research analysts forecast that Bunge Global will post 9.57 earnings per share for the current year.

Institutional Investors Weigh In On Bunge Global

Institutional investors have recently added to or reduced their stakes in the stock. Quest 10 Wealth Builders Inc. bought a new position in Bunge Global in the fourth quarter worth about $27,000. Foster Dykema Cabot & Partners LLC purchased a new position in shares of Bunge Global in the 3rd quarter worth approximately $25,000. Global Trust Asset Management LLC bought a new position in shares of Bunge Global during the 1st quarter worth approximately $47,000. CYBER HORNET ETFs LLC bought a new position in shares of Bunge Global during the 2nd quarter worth approximately $31,000. Finally, MUFG Securities EMEA plc purchased a new stake in Bunge Global during the second quarter valued at approximately $32,000. Institutional investors own 86.23% of the company’s stock.

About Bunge Global

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.