Bunge Upgraded by Feltl & Co. to “Buy” (BG)
Bunge (NYSE:BG) was upgraded by equities research analysts at Feltl & Co. from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports.
Bunge (NYSE:BG) traded up 0.02% on Thursday, hitting $81.00. 198,939 shares of the company’s stock traded hands. Bunge has a 52-week low of $63.18 and a 52-week high of $80.99. The stock’s 50-day moving average is $76.41 and its 200-day moving average is $72.94. The company’s market cap is $11.927 billion.
Bunge (NYSE:BG) last posted its quarterly earnings results on Thursday, October 24th. The company reported $2.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.21 by $0.19. The company had revenue of $14.70 billion for the quarter, compared to the consensus estimate of $16.91 billion. During the same quarter in the previous year, the company posted $2.08 earnings per share. The company’s revenue for the quarter was down 11.1% on a year-over-year basis. On average, analysts predict that Bunge will post $6.66 earnings per share for the current fiscal year.
A number of other firms have also recently commented on BG. Analysts at Scotiabank downgraded shares of Bunge from an “outperform” rating to a “sector perform” rating in a research note to investors on Thursday. Separately, analysts at Miller Tabak downgraded shares of Bunge from a “buy” rating to a “hold” rating in a research note to investors on Tuesday. They now have a $86.00 price target on the stock, up previously from $84.00. Finally, analysts at Merrill Lynch upgraded shares of Bunge from a “neutral” rating to a “buy” rating in a research note to investors on Monday. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $84.13.
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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