Bunge Limited 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 primarily wheat and corn; and processes oilseeds into vegetable oils and protein meals. This segment offers its products for animal feed manufacturers, livestock producers, wheat and corn millers, and other oilseed processors, as well as third-party edible oil processing and biofuel companies; and for industrial and biodiesel production applications. The Refined and Specialty Oils segment sells packaged and bulk oils and fats that include cooking oils, shortenings, margarines, mayonnaise, and other products for baked goods companies, snack food producers, confectioners, restaurant chains, foodservice operators, infant nutrition companies, and other food manufacturers, as well as grocery chains, wholesalers, distributors, and other retailers. The Milling segment provides wheat flours and bakery mixes; corn milling products that comprise dry-milled corn meals and flours, wet-milled masa and flours, and flaking and brewer's grits, as well as soy-fortified corn meal, corn-soy blends, and other products; whole grain and fiber ingredients; quinoas and millets; die-cut pellets; and non-GMO products. The Sugar and Bioenergy segment produces sugar and ethanol; and generates electricity from burning sugarcane bagasse. Bunge Limited was founded in 1818 and is headquartered in St. Louis, Missouri.
Bunge Trading Up 2.7 %
Shares of NYSE:BG opened at $101.24 on Monday. The business has a fifty day simple moving average of $94.73 and a 200-day simple moving average of $104.82. The company has a market cap of $15.38 billion, a price-to-earnings ratio of 8.71, a P/E/G ratio of 1.19 and a beta of 0.59. Bunge has a 12 month low of $73.15 and a 12 month high of $128.40. The company has a quick ratio of 0.71, a current ratio of 1.51 and a debt-to-equity ratio of 0.33.
Bunge (NYSE:BG - Get Rating) last announced its earnings results on Wednesday, July 27th. The basic materials company reported $2.97 EPS for the quarter, missing the consensus estimate of $3.24 by ($0.27). Bunge had a return on equity of 27.43% and a net margin of 2.73%. The firm had revenue of $17.93 billion during the quarter, compared to analyst estimates of $18.64 billion. During the same quarter in the previous year, the business earned $2.61 earnings per share. The business's quarterly revenue was up 16.5% compared to the same quarter last year. Sell-side analysts predict that Bunge will post 12.72 EPS for the current year.
Wall Street Analyst Weigh In
A number of research firms have commented on BG. TheStreet downgraded shares of Bunge from a "b" rating to a "c+" rating in a report on Wednesday, July 27th. Wolfe Research began coverage on Bunge in a research note on Friday. They set an "outperform" rating and a $127.00 price objective for the company. JPMorgan Chase & Co. upgraded Bunge from a "neutral" rating to an "overweight" rating and cut their target price for the company from $130.00 to $106.00 in a research note on Thursday, July 7th. Barclays increased their price objective on shares of Bunge from $120.00 to $135.00 and gave the stock an "overweight" rating in a report on Monday, April 25th. Finally, Credit Suisse Group reduced their price objective on shares of Bunge from $140.00 to $125.00 and set an "outperform" rating for the company in a report on Friday, June 24th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $118.67.