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Stock analysts at BMO Capital Markets lifted their price objective on shares of Bunge (NYSE:BG) from $87.00 to $94.00 in a report issued on Friday. BMO Capital Markets’ price objective indicates a potential upside of 16.34% from the company’s current price.

Shares of Bunge (NYSE:BG) traded up 2.49% during mid-day trading on Friday, hitting $80.80. The stock had a trading volume of 1,720,606 shares. Bunge has a one year low of $73.12 and a one year high of $84.18. The stock has a 50-day moving average of $75.27 and a 200-day moving average of $77.37. The company has a market cap of $11.895 billion and a price-to-earnings ratio of 351.96.

Bunge (NYSE:BG) last posted its quarterly earnings results on Thursday, July 31st. The company reported $1.76 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.36 by $0.40. The company had revenue of $16.79 billion for the quarter, compared to the consensus estimate of $15.25 billion. During the same quarter last year, the company posted $0.74 earnings per share. Bunge’s revenue was up 8.4% compared to the same quarter last year. Analysts expect that Bunge will post $5.86 EPS for the current fiscal year.

A number of other firms have also recently commented on BG. Analysts at Zacks downgraded shares of Bunge from a “neutral” rating to an “underperform” rating in a research note on Wednesday, June 25th. They now have a $72.90 price target on the stock. Analysts at TheStreet downgraded shares of Bunge from a “buy” rating to a “hold” rating in a research note on Monday, May 5th. 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’s stock. The company presently has an average rating of “Hold” and a consensus target price of $85.11.

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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