Bunge Limited’s (BG) “Buy” Rating Reaffirmed at BMO Capital Markets

BMO Capital Markets reissued their buy rating on shares of Bunge Limited (NYSE:BG) in a report issued on Monday, November 6th. The brokerage currently has a $87.00 target price on the basic materials company’s stock.

A number of other equities research analysts have also recently issued reports on BG. Citigroup Inc. cut shares of Bunge Limited from a buy rating to a neutral rating and set a $75.00 target price for the company. in a research report on Thursday, September 28th. Zacks Investment Research raised shares of Bunge Limited from a strong sell rating to a hold rating in a research note on Tuesday, October 3rd. Piper Jaffray Companies reissued a buy rating and set a $84.00 price objective on shares of Bunge Limited in a research note on Friday, July 21st. Finally, Credit Suisse Group reissued a buy rating and set a $90.00 price objective on shares of Bunge Limited in a research note on Friday, September 15th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $81.86.

Shares of Bunge Limited (NYSE BG) opened at $65.50 on Monday. Bunge Limited has a 1-year low of $63.87 and a 1-year high of $83.75. The firm has a market cap of $9,209.89, a price-to-earnings ratio of 22.05, a price-to-earnings-growth ratio of 1.84 and a beta of 1.06. The company has a quick ratio of 0.82, a current ratio of 1.60 and a debt-to-equity ratio of 0.60.

Bunge Limited (NYSE:BG) last announced its quarterly earnings data on Wednesday, November 1st. The basic materials company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.04). Bunge Limited had a net margin of 1.06% and a return on equity of 6.68%. The business had revenue of $11.42 billion during the quarter, compared to analyst estimates of $11.87 billion. During the same quarter in the prior year, the company posted $0.73 EPS. The company’s quarterly revenue was up .0% compared to the same quarter last year. equities research analysts predict that Bunge Limited will post 2.97 earnings per share for the current year.

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Several large investors have recently added to or reduced their stakes in BG. Aviance Capital Management LLC acquired a new position in Bunge Limited during the second quarter worth about $101,000. Advisor Group Inc. increased its stake in shares of Bunge Limited by 127.8% in the third quarter. Advisor Group Inc. now owns 1,499 shares of the basic materials company’s stock valued at $104,000 after buying an additional 841 shares during the period. Creative Planning increased its stake in shares of Bunge Limited by 99.0% in the second quarter. Creative Planning now owns 1,652 shares of the basic materials company’s stock valued at $123,000 after buying an additional 822 shares during the period. Toronto Dominion Bank increased its stake in shares of Bunge Limited by 12.3% in the second quarter. Toronto Dominion Bank now owns 1,714 shares of the basic materials company’s stock valued at $128,000 after buying an additional 188 shares during the period. Finally, Advisory Services Network LLC increased its stake in shares of Bunge Limited by 559.2% in the second quarter. Advisory Services Network LLC now owns 2,294 shares of the basic materials company’s stock valued at $171,000 after buying an additional 1,946 shares during the period. Hedge funds and other institutional investors own 79.25% of the company’s stock.

About Bunge Limited

Bunge Limited is an agribusiness and food company with integrated operations that stretch from the farm field to consumer foods. The Company operates through five segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. Its Agribusiness segment is an integrated, global business involved in the purchase, storage, transport, processing and sale of agricultural commodities and commodity products.

Analyst Recommendations for Bunge Limited (NYSE:BG)

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