Bunge Limited (BG) Stock Rating Reaffirmed by Credit Suisse Group
Bunge Limited (NYSE:BG)‘s stock had its “buy” rating restated by Credit Suisse Group in a research report issued to clients and investors on Friday. They currently have a $90.00 price target on the basic materials company’s stock. Credit Suisse Group’s price target suggests a potential upside of 24.09% from the company’s current price.
A number of other equities analysts also recently weighed in on the company. Citigroup Inc. lowered their price target on Bunge Limited from $94.00 to $88.00 and set a “buy” rating on the stock in a research report on Wednesday, July 12th. BidaskClub downgraded Bunge Limited from a “hold” rating to a “sell” rating in a research report on Wednesday, June 14th. BMO Capital Markets set a $87.00 price target on Bunge Limited and gave the stock a “buy” rating in a research report on Monday, June 12th. Zacks Investment Research raised Bunge Limited from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $84.00 price target on shares of Bunge Limited in a research report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. Bunge Limited currently has a consensus rating of “Hold” and an average price target of $83.71.
Shares of Bunge Limited (NYSE BG) traded down 0.41% on Friday, reaching $72.53. The company’s stock had a trading volume of 1,728,982 shares. Bunge Limited has a 1-year low of $58.19 and a 1-year high of $83.75. The stock has a market cap of $10.20 billion, a PE ratio of 20.73 and a beta of 1.04. The company’s 50 day moving average is $75.78 and its 200-day moving average is $77.06.
Bunge Limited (NYSE:BG) last issued its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07. The company had revenue of $11.65 billion for the quarter, compared to analyst estimates of $10.88 billion. Bunge Limited had a return on equity of 6.65% and a net margin of 1.12%. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.79 earnings per share. On average, equities analysts predict that Bunge Limited will post $3.94 earnings per share for the current fiscal year.
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In related news, insider Jerry Matthews Simmons, Jr. sold 2,636 shares of the stock in a transaction on Monday, July 24th. The stock was sold at an average price of $80.00, for a total value of $210,880.00. Following the completion of the sale, the insider now directly owns 20,214 shares in the company, valued at $1,617,120. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.30% of the company’s stock.
A number of institutional investors have recently modified their holdings of BG. Aviance Capital Management LLC acquired a new stake in Bunge Limited during the 2nd quarter worth about $101,000. Toronto Dominion Bank grew its stake in shares of Bunge Limited by 26.3% in the 1st quarter. Toronto Dominion Bank now owns 1,526 shares of the basic materials company’s stock valued at $121,000 after buying an additional 318 shares during the period. Creative Planning grew its stake in shares of Bunge Limited by 99.0% in the 2nd quarter. Creative Planning now owns 1,652 shares of the basic materials company’s stock valued at $123,000 after buying an additional 822 shares during the period. Point72 Asia Hong Kong Ltd acquired a new stake in shares of Bunge Limited in the 1st quarter valued at about $160,000. Finally, Advisory Services Network LLC grew its stake in shares of Bunge Limited by 559.2% in the 2nd quarter. Advisory Services Network LLC now owns 2,294 shares of the basic materials company’s stock valued at $171,000 after buying an additional 1,946 shares during the period. Hedge funds and other institutional investors own 80.36% of the company’s stock.
About Bunge Limited
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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