Bunge Receives Average Rating of “Hold” from Brokerages (NYSE:BG)
Bunge (NYSE:BG) has earned an average rating of “Hold” from the eleven analysts that are currently covering the stock, ARN reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $83.84.
BG has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Bunge from a “neutral” rating to an “underperform” rating in a research note on Wednesday. They now have a $72.90 price target on the stock. Separately, analysts at TheStreet downgraded shares of Bunge from a “buy” rating to a “hold” rating in a research note on Monday, May 5th. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Bunge in a research note on Tuesday, April 22nd. They now have a $87.00 price target on the stock.
Shares of Bunge (NYSE:BG) traded up 0.59% on Thursday, hitting $75.12. 130,874 shares of the company’s stock traded hands. Bunge has a 1-year low of $68.42 and a 1-year high of $84.18. The stock’s 50-day moving average is $76.24 and its 200-day moving average is $78.49. The company has a market cap of $11.059 billion and a price-to-earnings ratio of 333.39.
Bunge (NYSE:BG) last posted its quarterly earnings results on Thursday, May 1st. The company reported ($0.12) earnings per share for the quarter, missing the analysts’ consensus estimate of $1.42 by $1.54. The company had revenue of $13.46 billion for the quarter, compared to the consensus estimate of $15.13 billion. During the same quarter last year, the company posted $1.15 earnings per share. Bunge’s revenue was down 9.0% compared to the same quarter last year. On average, analysts predict that Bunge will post $5.95 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend is Friday, August 15th. This is a boost from Bunge’s previous quarterly dividend of $0.30.
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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