Bunge Now Covered by Analysts at Credit Suisse (BG)
Investment analysts at Credit Suisse initiated coverage on shares of Bunge (NYSE:BG) in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
BG has been the subject of a number of other recent research reports. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of Bunge in a research note to investors on Wednesday, September 4th. They set a “neutral” rating and a $82.00 price target on the stock. Analysts at Scotiabank raised their price target on shares of Bunge from $85.00 to $87.00 in a research note to investors on Monday, July 22nd. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $82.24.
Bunge (NYSE:BG) opened at 78.50 on Wednesday. Bunge has a 52 week low of $65.74 and a 52 week high of $80.99. The stock has a 50-day moving average of $76.9 and a 200-day moving average of $73.28. The company’s market cap is $11.559 billion.
Bunge (NYSE:BG) last announced its earnings results on Thursday, July 25th. The company reported $0.74 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.33 by $0.59. The company had revenue of $15.49 billion for the quarter, compared to the consensus estimate of $15.97 billion. During the same quarter in the prior year, the company posted $1.20 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. Analysts expect that Bunge will post $6.69 EPS for the current fiscal year.
Bunge Limited is a holding company, and its operations are conducted through its subsidiaries. The Company is a global agribusiness and food company with integrated operations that stretch from the farm fields to consumer foods.
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