Bunge Given Consensus Rating of “Hold” by Brokerages (NYSE:BG)
Shares of Bunge (NYSE:BG) have earned an average rating of “Hold” from the twelve ratings firms that are presently covering the company, American Banking & Market News reports. Six equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $86.16.
Shares of Bunge (NYSE:BG) traded down 0.34% on Thursday, hitting $79.725. 62,106 shares of the company’s stock traded hands. Bunge has a one year low of $73.12 and a one year high of $84.18. The stock’s 50-day moving average is $75.69 and its 200-day moving average is $77.31. The company has a market cap of $11.632 billion and a price-to-earnings ratio of 61.21.
Bunge (NYSE:BG) last issued its quarterly earnings data 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. 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, December 2nd. Shareholders of record on Tuesday, November 18th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.70%.
BG has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Bunge from an “underperform” rating to a “neutral” rating in a research note on Tuesday. They now have a $81.30 price target on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Bunge from $87.00 to $94.00 in a research note on Friday, August 1st.
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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