Bunge Global SA (NYSE:BG - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $78.01 and last traded at $78.68, with a volume of 2188851 shares traded. The stock had previously closed at $80.25.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on BG. Morgan Stanley cut their target price on shares of Bunge Global from $90.00 to $74.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 11th. Stephens cut their price objective on Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Barclays decreased their price objective on Bunge Global from $95.00 to $85.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Bank of America cut their target price on Bunge Global from $105.00 to $87.00 and set a "buy" rating for the company in a research note on Tuesday, February 11th. Finally, Citigroup lifted their price target on shares of Bunge Global from $76.00 to $77.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 15th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $85.60.
View Our Latest Research Report on BG
Bunge Global Stock Performance
The company has a market cap of $10.55 billion, a P/E ratio of 9.76, a price-to-earnings-growth ratio of 2.66 and a beta of 0.68. The business has a 50 day moving average price of $75.71 and a two-hundred day moving average price of $79.12. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.27 and a current ratio of 2.15.
Bunge Global (NYSE:BG - Get Free Report) last announced its quarterly earnings data 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 net margin of 2.14% and a return on equity of 11.73%. On average, sell-side analysts anticipate that Bunge Global SA will post 7.94 earnings per share for the current year.
Institutional Investors Weigh In On Bunge Global
A number of large investors have recently added to or reduced their stakes in BG. SBI Securities Co. Ltd. increased its holdings in Bunge Global by 12.2% in the 1st quarter. SBI Securities Co. Ltd. now owns 1,239 shares of the basic materials company's stock worth $95,000 after buying an additional 135 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of Bunge Global by 18.4% during the 1st quarter. Allworth Financial LP now owns 940 shares of the basic materials company's stock valued at $76,000 after acquiring an additional 146 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of Bunge Global by 3.9% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,512 shares of the basic materials company's stock worth $351,000 after acquiring an additional 170 shares during the period. Deseret Mutual Benefit Administrators raised its holdings in shares of Bunge Global by 25.4% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 880 shares of the basic materials company's stock valued at $68,000 after purchasing an additional 178 shares during the last quarter. Finally, DoubleLine ETF Adviser LP lifted its position in Bunge Global by 2.4% during the fourth quarter. DoubleLine ETF Adviser LP now owns 7,913 shares of the basic materials company's stock valued at $615,000 after purchasing an additional 183 shares during the period. Institutional investors own 86.23% of the company's stock.
About Bunge Global
(
Get Free Report)
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.
See Also
Before you consider Bunge Global, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bunge Global wasn't on the list.
While Bunge Global currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
