Analysts Set Bunge Global SA (NYSE:BG) PT at $93.00

Shares of Bunge Global SA (NYSE:BG) have received an average rating of “Moderate Buy” from the five brokerages that are currently covering the firm, Marketbeat Ratings reports. 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. The average 1-year price target among brokerages that have covered the stock in the last year is $93.00.

A number of equities research analysts have issued reports on the stock. Barclays cut their price target on shares of Bunge Global from $95.00 to $85.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Stephens cut their price target on shares of Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Morgan Stanley cut their target price on shares of Bunge Global from $90.00 to $74.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 11th. Finally, Bank of America cut their target price on shares of Bunge Global from $105.00 to $87.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th.

Institutional Investors Weigh In On Bunge Global

A number of large investors have recently modified their holdings of the stock. State Street Corp lifted its position in 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 acquiring an additional 500,897 shares during the period. FMR LLC lifted its position in Bunge Global by 25.3% during the 4th quarter. FMR LLC now owns 3,465,636 shares of the basic materials company’s stock valued at $269,488,000 after acquiring an additional 699,889 shares during the period. Geode Capital Management LLC lifted its position in Bunge Global by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 3,457,858 shares of the basic materials company’s stock valued at $268,205,000 after acquiring an additional 34,890 shares during the period. Invesco Ltd. lifted its position in Bunge Global by 28.6% during the 4th quarter. Invesco Ltd. now owns 3,206,646 shares of the basic materials company’s stock valued at $249,349,000 after acquiring an additional 713,561 shares during the period. Finally, Pacer Advisors Inc. lifted its position in Bunge Global by 13,459.9% during the 4th quarter. Pacer Advisors Inc. now owns 2,956,459 shares of the basic materials company’s stock valued at $229,894,000 after acquiring an additional 2,934,656 shares during the period. Institutional investors own 86.23% of the company’s stock.

Bunge Global Price Performance

Shares of Bunge Global stock opened at $73.59 on Tuesday. The firm has a market cap of $10.27 billion, a PE ratio of 9.11, a price-to-earnings-growth ratio of 2.59 and a beta of 0.69. Bunge Global has a 12-month low of $67.40 and a 12-month high of $114.92. The company has a quick ratio of 1.27, a current ratio of 2.15 and a debt-to-equity ratio of 0.43. The company’s fifty day simple moving average is $76.16 and its two-hundred day simple moving average is $86.96.

Bunge Global (NYSE:BG) last announced its quarterly earnings results on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, equities analysts expect that Bunge Global will post 7.94 EPS for the current 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.