Bunge Global (NYSE:BG) Price Target Raised to $117.00

Bunge Global (NYSE:BG - Free Report) had its target price boosted by Citigroup from $108.00 to $117.00 in a report released on Wednesday morning, Benzinga reports. Citigroup currently has a buy rating on the basic materials company's stock.

A number of other equities research analysts have also issued reports on BG. StockNews.com lowered shares of Bunge Global from a buy rating to a hold rating in a report on Monday, February 26th. Wolfe Research lowered shares of Bunge Global from an outperform rating to a peer perform rating in a research note on Wednesday, January 10th. Roth Mkm cut their target price on shares of Bunge Global from $161.00 to $138.00 and set a buy rating on the stock in a research note on Monday, February 5th. BMO Capital Markets cut their target price on shares of Bunge Global from $130.00 to $120.00 and set an outperform rating on the stock in a research note on Thursday, February 8th. Finally, The Goldman Sachs Group lowered their price target on shares of Bunge Global from $141.00 to $126.00 and set a buy rating for the company in a research report on Tuesday, February 13th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Bunge Global currently has an average rating of Moderate Buy and a consensus target price of $120.44.

Bunge Global Price Performance

Shares of Bunge Global stock traded down $0.15 on Wednesday, hitting $103.75. 1,054,107 shares of the company traded hands, compared to its average volume of 1,797,344. The company has a current ratio of 2.13, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. Bunge Global has a 12-month low of $86.10 and a 12-month high of $116.59. The firm's 50-day simple moving average is $93.48 and its 200 day simple moving average is $100.21. The company has a market cap of $14.88 billion, a P/E ratio of 6.92 and a beta of 0.64.

Bunge Global (NYSE:BG - Get Free Report) last released its earnings results on Wednesday, February 7th. The basic materials company reported $3.70 EPS for the quarter, beating the consensus estimate of $2.81 by $0.89. Bunge Global had a net margin of 3.77% and a return on equity of 18.30%. The company had revenue of $14.94 billion for the quarter, compared to analyst estimates of $14.96 billion. During the same quarter last year, the firm earned $3.24 EPS. The firm's quarterly revenue was down 10.3% compared to the same quarter last year. Analysts expect that Bunge Global will post 9.46 earnings per share for the current fiscal year.

Institutional Trading of Bunge Global

A number of large investors have recently made changes to their positions in BG. Loomis Sayles & Co. L P grew its position in Bunge Global by 169.8% during the third quarter. Loomis Sayles & Co. L P now owns 232 shares of the basic materials company's stock valued at $25,000 after buying an additional 146 shares during the period. Point72 Hong Kong Ltd bought a new stake in Bunge Global during the fourth quarter valued at approximately $29,000. Country Trust Bank grew its position in Bunge Global by 533.3% during the third quarter. Country Trust Bank now owns 304 shares of the basic materials company's stock valued at $33,000 after buying an additional 256 shares during the period. Pinnacle Holdings LLC bought a new stake in Bunge Global during the first quarter valued at approximately $36,000. Finally, NewSquare Capital LLC bought a new stake in Bunge Global during the fourth quarter valued at approximately $37,000. 86.23% of the stock is currently owned by institutional investors.

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.