Bunge Limited (NYSE:BG) has been given an average rating of “Hold” by the twelve brokerages that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $81.86.

Several analysts recently commented on BG shares. Vertical Group lowered Bunge from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. Robert W. Baird started coverage on Bunge in a report on Monday, September 11th. They set a “neutral” rating and a $77.00 target price on the stock. Credit Suisse Group reaffirmed a “buy” rating and set a $90.00 target price on shares of Bunge in a report on Friday, September 15th. Citigroup lowered Bunge from a “buy” rating to a “neutral” rating and set a $75.00 target price on the stock. in a report on Thursday, September 28th. Finally, Zacks Investment Research lowered Bunge from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 20th.

Shares of Bunge (NYSE:BG) opened at $69.94 on Monday. The company has a quick ratio of 0.82, a current ratio of 1.60 and a debt-to-equity ratio of 0.60. Bunge has a 12 month low of $63.87 and a 12 month high of $83.75. The company has a market capitalization of $9,830.00, a PE ratio of 21.39, a price-to-earnings-growth ratio of 1.28 and a beta of 1.05.

Bunge (NYSE:BG) last released its quarterly earnings results on Wednesday, November 1st. The basic materials company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.04). Bunge had a net margin of 1.06% and a return on equity of 6.68%. The business had revenue of $11.42 billion during the quarter, compared to analysts’ expectations of $11.87 billion. During the same quarter last year, the business posted $0.73 earnings per share. The company’s quarterly revenue was up .0% compared to the same quarter last year. equities research analysts predict that Bunge will post 2.95 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 16th will be given a dividend of $0.46 per share. The ex-dividend date is Thursday, February 15th. This represents a $1.84 annualized dividend and a dividend yield of 2.63%. Bunge’s dividend payout ratio is currently 56.27%.

Several institutional investors have recently bought and sold shares of the company. Federated Investors Inc. PA grew its holdings in shares of Bunge by 3,011.0% in the 2nd quarter. Federated Investors Inc. PA now owns 12,195 shares of the basic materials company’s stock worth $910,000 after acquiring an additional 11,803 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Bunge by 22.0% during the 2nd quarter. Victory Capital Management Inc. now owns 15,969 shares of the basic materials company’s stock worth $1,191,000 after purchasing an additional 2,883 shares during the period. Pacer Advisors Inc. purchased a new position in shares of Bunge during the 2nd quarter worth $338,000. CIBC World Markets Inc. purchased a new position in shares of Bunge during the 2nd quarter worth $373,000. Finally, Wells Fargo & Company MN raised its position in shares of Bunge by 87.5% in the 2nd quarter. Wells Fargo & Company MN now owns 783,708 shares of the basic materials company’s stock worth $58,465,000 after buying an additional 365,772 shares during the period. 79.71% of the stock is owned by institutional investors and hedge funds.

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About Bunge

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.

Analyst Recommendations for Bunge (NYSE:BG)

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