Bunge Global (NYSE:BG) Now Covered by Analysts at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has reaffirmed an "overweight" rating on Bunge Global (BG), setting a target price of $95.00, reflecting a potential upside of 19.02% from the company's previous close.
• According to analysts, Bunge Global is currently rated as a "Moderate Buy" with an average price target of $85.33, while Morgan Stanley and Stephens provided varying target prices of $83.00 and $85.00, respectively.
• In its latest quarterly earnings report, Bunge Global reported $1.31 EPS, exceeding expectations, but its revenue fell 3.6% year-over-year at $12.77 billion.

Research analysts at JPMorgan Chase & Co. initiated coverage on shares of Bunge Global (NYSE:BG - Get Free Report) in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. The brokerage set an "overweight" rating and a $95.00 price target on the basic materials company's stock. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 19.02% from the stock's current price.

BG has been the topic of a number of other reports. Morgan Stanley raised their price objective on Bunge Global from $74.00 to $83.00 and gave the company an "equal weight" rating in a research note on Tuesday, August 12th. Stephens decreased their price target on Bunge Global from $90.00 to $85.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $85.33.

Bunge Global Stock Performance

Shares of NYSE BG opened at $79.8210 on Wednesday. The stock's 50-day moving average is $79.59 and its 200 day moving average is $76.95. The stock has a market cap of $15.97 billion, a price-to-earnings ratio of 7.97, a P/E/G ratio of 4.97 and a beta of 0.67. Bunge Global has a 1-year low of $67.40 and a 1-year high of $101.81. The company has a current ratio of 2.07, a quick ratio of 1.29 and a debt-to-equity ratio of 0.59.

Bunge Global (NYSE:BG - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $1.31 EPS for the quarter, beating analysts' consensus estimates of $1.19 by $0.12. The business had revenue of $12.77 billion for the quarter, compared to analysts' expectations of $12.57 billion. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. The business's quarterly revenue was down 3.6% on a year-over-year basis. During the same period last year, the business earned $1.73 earnings per share. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. On average, sell-side analysts anticipate that Bunge Global will post 7.94 EPS for the current fiscal year.

Hedge Funds Weigh In On Bunge Global

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cromwell Holdings LLC lifted its stake in shares of Bunge Global by 4,175.0% in the 2nd quarter. Cromwell Holdings LLC now owns 342 shares of the basic materials company's stock valued at $27,000 after purchasing an additional 334 shares during the period. Ameritas Advisory Services LLC bought a new stake in Bunge Global during the second quarter worth about $29,000. CYBER HORNET ETFs LLC bought a new stake in Bunge Global during the second quarter worth about $31,000. 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 period. Finally, Manchester Capital Management LLC increased its stake in shares of Bunge Global by 588.5% during the first quarter. Manchester Capital Management LLC now owns 420 shares of the basic materials company's stock valued at $32,000 after purchasing an additional 359 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company's stock.

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.