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 Analyst Weigh In
BG has been the subject of a number of recent analyst reports. StockNews.com downgraded Bunge from a "buy" rating to a "hold" rating in a report on Thursday, July 28th. Bank of America raised shares of Bunge from a "neutral" rating to a "buy" rating and dropped their target price for the stock from $140.00 to $135.00 in a research report on Thursday, June 30th. TheStreet cut shares of Bunge from a "b" rating to a "c+" rating in a research report on Wednesday, July 27th. JPMorgan Chase & Co. raised shares of Bunge from a "neutral" rating to an "overweight" rating and decreased their price target for the stock from $130.00 to $106.00 in a research note on Thursday, July 7th. Finally, Credit Suisse Group cut their price objective on Bunge from $140.00 to $125.00 and set an "outperform" rating on the stock in a research report on Friday, June 24th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $118.67.
Bunge Price Performance
Shares of NYSE:BG opened at $101.24 on Friday. The firm's 50 day moving average price is $94.73 and its 200-day moving average price is $104.76. The company has a quick ratio of 0.71, a current ratio of 1.51 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $15.38 billion, a PE ratio of 8.71, a price-to-earnings-growth ratio of 1.19 and a beta of 0.59. Bunge has a twelve month low of $73.15 and a twelve month high of $128.40.
Bunge (NYSE:BG - Get Rating) last issued its quarterly earnings results on Wednesday, July 27th. The basic materials company reported $2.97 earnings per share for the quarter, missing the consensus estimate of $3.24 by ($0.27). The business had revenue of $17.93 billion for the quarter, compared to analysts' expectations of $18.64 billion. Bunge had a return on equity of 27.43% and a net margin of 2.73%. The company's revenue was up 16.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.61 EPS. Equities research analysts expect that Bunge will post 12.72 EPS for the current year.