Bunge - BG Stock Forecast, Price & News

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.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BG. TheStreet lowered Bunge from a "b" rating to a "c+" rating in a research note on Wednesday, July 27th. Bank of America upgraded Bunge from a "neutral" rating to a "buy" rating and dropped their price target for the stock from $140.00 to $135.00 in a research note on Thursday, June 30th. JPMorgan Chase & Co. raised Bunge from a "neutral" rating to an "overweight" rating and reduced their target price for the stock from $130.00 to $106.00 in a report on Thursday, July 7th. Barclays boosted their price target on Bunge from $120.00 to $135.00 and gave the company an "overweight" rating in a report on Monday, April 25th. Finally, Monness Crespi & Hardt initiated coverage on Bunge in a research report on Wednesday, July 6th. They issued a "buy" rating and a $130.00 target price on the stock. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $117.63.

Bunge Price Performance

NYSE:BG traded up $1.09 during trading hours on Tuesday, hitting $97.38. The company's stock had a trading volume of 1,036,270 shares, compared to its average volume of 1,600,223. The stock has a fifty day simple moving average of $95.62 and a 200-day simple moving average of $104.67. The company has a market capitalization of $14.79 billion, a P/E ratio of 8.38, a PEG ratio of 1.14 and a beta of 0.59. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.51 and a quick ratio of 0.71. Bunge has a twelve month low of $73.15 and a twelve month high of $128.40.

Bunge (NYSE:BG - Get Rating) last released its quarterly earnings data 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 net margin of 2.73% and a return on equity of 27.43%. The firm had revenue of $17.93 billion for the quarter, compared to the consensus estimate of $18.64 billion. During the same quarter in the prior year, the firm earned $2.61 EPS. The company's revenue was up 16.5% compared to the same quarter last year. On average, analysts anticipate that Bunge will post 12.72 EPS for the current fiscal year.

Bunge Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 2nd. Shareholders of record on Friday, August 19th will be issued a $0.625 dividend. The ex-dividend date of this dividend is Thursday, August 18th. This represents a $2.50 annualized dividend and a yield of 2.57%. This is a boost from Bunge's previous quarterly dividend of $0.53. Bunge's dividend payout ratio (DPR) is 18.07%.