Bunge Limited (BG) Downgraded by TheStreet
Bunge Limited (NYSE:BG) was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating in a note issued to investors on Tuesday.
Several other equities analysts have also commented on BG. Piper Jaffray Companies set a $86.00 price objective on Bunge Limited and gave the company a “buy” rating in a research report on Friday, October 6th. Citigroup Inc. lowered Bunge Limited from a “buy” rating to a “neutral” rating and set a $75.00 price objective on the stock. in a research report on Thursday, September 28th. Zacks Investment Research upgraded Bunge Limited from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. J P Morgan Chase & Co lowered Bunge Limited to a “neutral – underweight” rating and set a $70.00 price objective on the stock. in a research report on Tuesday, July 4th. Finally, Robert W. Baird assumed coverage on Bunge Limited in a research report on Monday, September 11th. They set a “neutral” rating and a $77.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $81.86.
Shares of Bunge Limited (NYSE:BG) traded down 0.38% during mid-day trading on Tuesday, hitting $67.48. The stock had a trading volume of 306,130 shares. The firm has a 50 day moving average price of $72.26 and a 200-day moving average price of $75.64. The stock has a market cap of $9.49 billion, a P/E ratio of 19.29 and a beta of 1.01. Bunge Limited has a 12 month low of $58.49 and a 12 month high of $83.75.
Bunge Limited (NYSE:BG) last announced its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.10 by $0.07. The firm 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 revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.79 EPS. On average, equities research analysts forecast that Bunge Limited will post $3.58 EPS for the current year.
In other news, insider Jerry Matthews Simmons, Jr. sold 2,636 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 20,214 shares of the company’s stock, valued at approximately $1,617,120. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in BG. Aviance Capital Management LLC bought a new position in shares of Bunge Limited in the 2nd quarter worth approximately $101,000. Creative Planning increased its position in Bunge Limited by 99.0% during 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 in the last quarter. Toronto Dominion Bank increased its position in Bunge Limited by 12.3% during the 2nd quarter. Toronto Dominion Bank now owns 1,714 shares of the basic materials company’s stock valued at $128,000 after buying an additional 188 shares in the last quarter. Point72 Asia Hong Kong Ltd bought a new position in Bunge Limited during the 1st quarter valued at approximately $160,000. Finally, Advisory Services Network LLC increased its position in Bunge Limited by 559.2% during 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 in the last quarter. 80.34% of the stock is owned by hedge funds and other institutional investors.
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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