Bunge (BG) Posts Quarterly Results
Bunge (NYSE:BG) announced its earnings results on Thursday. The company reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by $0.80, StockRatingsNetwork.com reports. The company had revenue of $16.38 million for the quarter, compared to the consensus estimate of $16.30 million.
A number of analysts have recently weighed in on BG shares. Analysts at TheStreet downgraded shares of Bunge to a “hold” rating in a research note on Monday, January 6th. On a related note, analysts at Macquarie initiated coverage on shares of Bunge in a research note on Tuesday, December 17th. They set an “outperform” rating on the stock. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Bunge currently has a consensus rating of “Buy” and a consensus price target of $84.58.
Shares of Bunge (NYSE:BG) opened at 75.63 on Thursday. 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 $79.03 and a 200-day moving average of $78.98. The company’s market cap is $11.164 billion.
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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