Stephens Issues Positive Forecast for Bunge Global (NYSE:BG) Stock Price

Key Points

• Stephens has increased its price target for Bunge Global (NYSE:BG) from $85.00 to $115.00, indicating a potential upside of 20.73% from the company's previous close.
• Several other brokers have also raised their price targets for Bunge Global, with BMO Capital Markets now at $110.00 and JPMorgan Chase at $107.00, reflecting strong optimism in the stock.
• Bunge Global's quarterly earnings surpassed expectations with an EPS of $1.31, while revenue for the quarter was $12.77 billion, although it represented a 3.6% decline year-over-year.

Bunge Global (NYSE:BG - Get Free Report) had its price objective boosted by equities research analysts at Stephens from $85.00 to $115.00 in a report issued on Friday,Benzinga reports. The firm currently has an "overweight" rating on the basic materials company's stock. Stephens' price target indicates a potential upside of 20.73% from the company's previous close.

A number of other brokerages have also issued reports on BG. BMO Capital Markets raised their price target on Bunge Global from $95.00 to $110.00 and gave the stock an "outperform" rating in a research note on Thursday. JPMorgan Chase & Co. raised their price objective on Bunge Global from $95.00 to $107.00 and gave the stock an "overweight" rating in a report on Thursday. Weiss Ratings restated a "hold (c)" rating on shares of Bunge Global in a report on Wednesday, October 8th. Finally, Morgan Stanley raised their price objective on Bunge Global from $74.00 to $83.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 12th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $94.86.

Bunge Global Stock Up 2.3%

Shares of NYSE:BG opened at $95.25 on Friday. The stock's 50-day moving average price is $82.80 and its two-hundred day moving average price is $79.83. 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 has a 12-month low of $67.40 and a 12-month high of $98.11. The firm has a market cap of $19.06 billion, a price-to-earnings ratio of 9.52, a PEG ratio of 7.96 and a beta of 0.66.

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

Insiders Place Their Bets

In other Bunge Global news, Director Christopher Mahoney acquired 5,000 shares of the stock in a transaction on Monday, August 18th. The stock was purchased at an average price of $81.73 per share, for a total transaction of $408,650.00. Following the purchase, the director directly owned 7,164 shares in the company, valued at $585,513.72. This trade represents a 231.05% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Bunge Global

Hedge funds have recently bought and sold shares of the business. Cromwell Holdings LLC grew its position 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 worth $27,000 after acquiring an additional 334 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Bunge Global in the 2nd quarter worth approximately $29,000. CYBER HORNET ETFs LLC acquired a new position in shares of Bunge Global in the 2nd quarter worth approximately $31,000. Manchester Capital Management LLC grew its position in shares of Bunge Global by 588.5% in the 1st quarter. Manchester Capital Management LLC now owns 420 shares of the basic materials company's stock worth $32,000 after acquiring an additional 359 shares in the last quarter. Finally, MUFG Securities EMEA plc acquired a new position in shares of Bunge Global in the 2nd quarter worth approximately $32,000. Institutional investors and hedge funds 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.

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