Bunge Limited (NYSE:BG) Given a $90.00 Price Target at Credit Suisse Group
Bunge Limited (NYSE:BG) has been assigned a $90.00 target price by stock analysts at Credit Suisse Group in a note issued to investors on Tuesday. The brokerage currently has a “buy” rating on the basic materials company’s stock. Credit Suisse Group’s price target indicates a potential upside of 14.37% from the stock’s current price.
Other analysts also recently issued reports about the company. Zacks Investment Research upgraded Bunge Limited from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) downgraded Bunge Limited from a “buy” rating to a “neutral” rating and set a $88.00 target price on the stock. in a research report on Monday, March 20th. BMO Capital Markets reiterated a “buy” rating on shares of Bunge Limited in a research report on Friday, May 5th. JPMorgan Chase & Co. raised Bunge Limited from an “underweight” rating to a “neutral” rating and set a $70.00 price target for the company in a report on Thursday, May 4th. Finally, BidaskClub raised Bunge Limited from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $83.67.
Shares of Bunge Limited (BG) traded up 0.64% on Tuesday, hitting $78.69. The stock had a trading volume of 703,152 shares. Bunge Limited has a 12 month low of $58.19 and a 12 month high of $83.75. The firm has a 50 day moving average of $77.32 and a 200 day moving average of $75.65. The stock has a market cap of $11.05 billion, a P/E ratio of 20.88 and a beta of 1.01.
Bunge Limited (NYSE:BG) last posted its quarterly earnings results on Wednesday, May 3rd. The basic materials company reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.68 by $0.33. Bunge Limited had a net margin of 1.23% and a return on equity of 8.03%. The business had revenue of $11.12 billion during the quarter, compared to analysts’ expectations of $8.96 billion. During the same quarter last year, the firm earned $1.41 earnings per share. The firm’s quarterly revenue was up 24.7% compared to the same quarter last year. On average, equities analysts forecast that Bunge Limited will post $4.65 earnings per share for the current fiscal year.
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Institutional investors have recently added to or reduced their stakes in the stock. Bedrijfstakpensioenfonds Voor DE Media PNO purchased a new stake in shares of Bunge Limited during the second quarter valued at approximately $1,099,000. First Quadrant L P CA raised its stake in shares of Bunge Limited by 20.1% in the second quarter. First Quadrant L P CA now owns 335,069 shares of the basic materials company’s stock valued at $24,996,000 after buying an additional 56,039 shares in the last quarter. Marathon Asset Management LLP raised its stake in shares of Bunge Limited by 51.4% in the second quarter. Marathon Asset Management LLP now owns 858,219 shares of the basic materials company’s stock valued at $64,023,000 after buying an additional 291,231 shares in the last quarter. Boussard & Gavaudan Investment Management LLP purchased a new stake in shares of Bunge Limited during the second quarter valued at approximately $86,883,000. Finally, Oregon Public Employees Retirement Fund raised its stake in shares of Bunge Limited by 1.2% in the second quarter. Oregon Public Employees Retirement Fund now owns 69,544 shares of the basic materials company’s stock valued at $5,188,000 after buying an additional 800 shares in the last quarter. Hedge funds and other institutional investors own 80.68% of the company’s stock.
Bunge Limited Company Profile
Bunge Limited is an agribusiness and food company with integrated operations that stretch from the farm field to consumer foods. The Company operates through five segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. Its Agribusiness segment is an integrated, global business involved in the purchase, storage, transport, processing and sale of agricultural commodities and commodity products.
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