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

Bunge Global (NYSE:BG - Free Report) had its target price hoisted by Citigroup from $76.00 to $77.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The brokerage currently has a neutral rating on the basic materials company's stock.

BG has been the subject of a number of other research reports. Morgan Stanley dropped 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 report on Tuesday, February 11th. Stephens cut their price target on shares of Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Barclays reduced their price target on 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. Finally, Bank of America cut 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. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Bunge Global currently has a consensus rating of "Moderate Buy" and a consensus target price of $85.60.

Bunge Global Price Performance

NYSE:BG traded up $2.53 on Tuesday, hitting $78.91. The company had a trading volume of 1,583,532 shares, compared to its average volume of 1,587,402. The firm has a 50 day moving average of $73.91 and a two-hundred day moving average of $80.49. The stock has a market capitalization of $10.57 billion, a price-to-earnings ratio of 9.77, a PEG ratio of 2.66 and a beta of 0.59. Bunge Global has a 52 week low of $67.40 and a 52 week 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.

Bunge Global (NYSE:BG - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share 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%. On average, research analysts anticipate that Bunge Global will post 7.94 earnings per share for the current year.

Institutional Investors Weigh In On Bunge Global

Hedge funds have recently added to or reduced their stakes in the company. Spire Wealth Management bought a new position in shares of Bunge Global in the 4th quarter worth $26,000. UMB Bank n.a. lifted its stake in shares of Bunge Global by 163.1% in the first quarter. UMB Bank n.a. now owns 421 shares of the basic materials company's stock valued at $32,000 after buying an additional 261 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Bunge Global during the third quarter valued at about $34,000. Riverview Trust Co increased its position in shares of Bunge Global by 130.8% during the first quarter. Riverview Trust Co now owns 450 shares of the basic materials company's stock worth $34,000 after acquiring an additional 255 shares in the last quarter. Finally, Crews Bank & Trust acquired a new stake in shares of Bunge Global in the 4th quarter worth about $39,000. Institutional investors and hedge funds own 86.23% of the company's stock.

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.