JPMorgan Chase & Co. Increases Bunge Global (NYSE:BG) Price Target to $107.00

Key Points

• JPMorgan Chase & Co. has raised Bunge Global's price target from $95.00 to $107.00, indicating a potential upside of 14.94% from its previous close.
• BMO Capital Markets also enhanced their target price for Bunge Global to $110.00, reinforcing the stock's "outperform" rating.
• Bunge Global reported earnings of $1.31 per share for the last quarter, surpassing analyst expectations, but its revenue declined by 3.6% compared to the same period last year.

Bunge Global (NYSE:BG - Get Free Report) had its price target upped by equities researchers at JPMorgan Chase & Co. from $95.00 to $107.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an "overweight" rating on the basic materials company's stock. JPMorgan Chase & Co.'s price objective points to a potential upside of 14.94% from the stock's previous close.

A number of other equities analysts also recently weighed in on the stock. BMO Capital Markets reaffirmed an "outperform" rating and set a $110.00 target price (up previously from $95.00) on shares of Bunge Global in a research note on Thursday. Weiss Ratings reissued a "hold (c)" rating on shares of Bunge Global in a research report on Wednesday, October 8th. Finally, Morgan Stanley raised their price target on shares of Bunge Global from $74.00 to $83.00 and gave the company an "equal weight" rating in a research report on Tuesday, August 12th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $90.57.

Bunge Global Stock Performance

Shares of BG opened at $93.09 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.07 and a quick ratio of 1.29. Bunge Global has a one year low of $67.40 and a one year high of $95.94. The company has a 50-day simple moving average of $82.54 and a two-hundred day simple moving average of $79.71. The firm has a market capitalization of $18.62 billion, a PE ratio of 9.30, a price-to-earnings-growth ratio of 5.94 and a beta of 0.66.

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

Insider Buying and Selling at Bunge Global

In other news, Director Christopher Mahoney bought 5,000 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were bought at an average price of $81.73 per share, for a total transaction of $408,650.00. Following the purchase, the director owned 7,164 shares in the company, valued at $585,513.72. This represents a 231.05% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.80% of the company's stock.

Institutional Trading of Bunge Global

Large investors have recently made changes to their positions in the business. Uncommon Cents Investing LLC boosted its position in Bunge Global by 0.6% in the 3rd quarter. Uncommon Cents Investing LLC now owns 33,096 shares of the basic materials company's stock valued at $2,689,000 after buying an additional 190 shares during the period. Pacer Advisors Inc. increased its holdings in Bunge Global by 43.9% during the third quarter. Pacer Advisors Inc. now owns 20,485 shares of the basic materials company's stock valued at $1,664,000 after buying an additional 6,252 shares during the period. Farther Finance Advisors LLC increased its holdings in Bunge Global by 24.0% during the third quarter. Farther Finance Advisors LLC now owns 2,885 shares of the basic materials company's stock valued at $234,000 after buying an additional 558 shares during the period. Patton Fund Management Inc. purchased a new position in Bunge Global in the third quarter worth $221,000. Finally, Cyndeo Wealth Partners LLC lifted its stake in shares of Bunge Global by 0.4% during the third quarter. Cyndeo Wealth Partners LLC now owns 81,401 shares of the basic materials company's stock worth $6,614,000 after buying an additional 327 shares during the period. 86.23% of the stock is currently owned by institutional investors.

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.

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