Bunge Hits New 52-Week High at $84.22 (BG)
Shares of Bunge (NYSE:BG) hit a new 52-week high on Tuesday , Analyst Ratings.Net reports. The stock traded as high as $84.22 and last traded at $84.07, with a volume of 403,992 shares changing hands. The stock had previously closed at $83.58.
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, August 5th. They now have a $81.30 price target on the stock. 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. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $86.59.
The stock’s 50-day moving average is $77.96 and its 200-day moving average is $77.78. The company has a market cap of $12.273 billion and a price-to-earnings ratio of 63.95.
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 $5.98 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, December 2nd. Stockholders 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 1.63%. The ex-dividend date of this dividend is Friday, November 14th.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.