Bunge Global (NYSE:BG) Price Target Raised to $77.00

Bunge Global (NYSE:BG) had its price target raised by Citigroup from $76.00 to $77.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the basic materials company’s stock. Citigroup’s price objective points to a potential upside of 0.39% from the company’s current price.

Several other research analysts have also recently issued reports on the company. Bank of America dropped their price objective on Bunge Global from $105.00 to $87.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Stephens cut their price target on Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Morgan Stanley lowered their price objective on shares of Bunge Global from $90.00 to $74.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 11th. Finally, Barclays cut 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 report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $85.60.

Bunge Global Trading Down 0.5 %

BG opened at $76.70 on Tuesday. Bunge Global has a 12 month low of $67.40 and a 12 month high of $114.92. The company has a current ratio of 2.15, a quick ratio of 1.27 and a debt-to-equity ratio of 0.43. The stock has a 50-day moving average of $73.26 and a 200 day moving average of $80.92. The firm has a market cap of $10.28 billion, a P/E ratio of 9.50, a P/E/G ratio of 2.66 and a beta of 0.59.

Bunge Global (NYSE:BG) last issued its quarterly earnings results on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share 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%. As a group, research analysts forecast that Bunge Global will post 7.94 EPS for the current year.

Institutional Trading of Bunge Global

Hedge funds have recently modified their holdings of the company. Spire Wealth Management bought a new position in shares of Bunge Global during the 4th quarter worth approximately $26,000. UMB Bank n.a. grew its holdings in Bunge Global by 163.1% in the first quarter. UMB Bank n.a. now owns 421 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 261 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Bunge Global during the third quarter worth $34,000. Riverview Trust Co boosted its position in shares of Bunge Global by 130.8% in the 1st quarter. Riverview Trust Co now owns 450 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 255 shares in the last quarter. Finally, Crews Bank & Trust purchased a new position in Bunge Global during the 4th quarter worth $39,000. 86.23% of the stock is owned by hedge funds and other 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.