Bunge Downgraded to Hold at TheStreet (BG)
Bunge (NYSE:BG) was downgraded by investment analysts at TheStreet to a “hold” rating in a note issued to investors on Monday, American Banking & Market News reports.
A number of other firms have also recently commented on BG. Analysts at Macquarie initiated coverage on shares of Bunge in a research note to investors on Tuesday, December 17th. They set an “outperform” rating on the stock. Separately, analysts at Barclays raised their price target on shares of Bunge from $83.00 to $91.00 in a research note to investors on Monday, October 28th. They now have an “overweight” rating on the stock. Finally, analysts at Feltl & Co. upgraded shares of Bunge from a “hold” rating to a “buy” rating in a research note to investors on Thursday, October 24th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $85.12.
Shares of Bunge (NYSE:BG) traded down 0.20% during mid-day trading on Monday, hitting $81.09. The stock had a trading volume of 1,249,537 shares. Bunge has a 52 week low of $65.74 and a 52 week high of $84.18. The stock has a 50-day moving average of $81.04 and a 200-day moving average of $77.77. The company’s market cap is $11.969 billion.
Bunge (NYSE:BG) last posted its quarterly earnings results on Thursday, October 24th. The company reported $2.02 EPS for the quarter, missing the Thomson Reuters 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 last year, the company posted $2.08 earnings per share. Bunge’s revenue was down 11.1% compared to the same quarter last year. Analysts expect that Bunge will post $6.22 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be given a dividend of 0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Thursday, February 13th.
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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