Bunge (NYSE:BG) has been assigned a $84.00 price objective by analysts at Credit Suisse Group in a note issued to investors on Monday. The firm presently has a “buy” rating on the basic materials company’s stock. Credit Suisse Group’s target price would suggest a potential upside of 2.30% from the company’s previous close.
Several other brokerages have also recently issued reports on BG. Zacks Investment Research cut Bunge from a “hold” rating to a “strong sell” rating in a report on Friday, October 20th. Robert W. Baird restated a “hold” rating and issued a $77.00 price target on shares of Bunge in a research note on Friday, October 13th. Piper Jaffray Companies set a $86.00 price target on Bunge and gave the company a “buy” rating in a research note on Friday, October 6th. Citigroup lowered Bunge from a “buy” rating to a “neutral” rating and set a $75.00 price target for the company. in a research note on Thursday, September 28th. Finally, Vertical Group upgraded Bunge from a “hold” rating to a “buy” rating in a research note on Thursday, December 14th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $81.00.
Shares of Bunge (NYSE:BG) traded up $4.55 during mid-day trading on Monday, hitting $82.11. The stock had a trading volume of 8,430,000 shares, compared to its average volume of 1,400,000. The firm has a market cap of $11,550.00, a PE ratio of 25.11, a PEG ratio of 1.41 and a beta of 1.05. The company has a current ratio of 1.60, a quick ratio of 0.82 and a debt-to-equity ratio of 0.60. Bunge has a fifty-two week low of $63.87 and a fifty-two week high of $83.75.
Bunge (NYSE:BG) last issued its quarterly earnings data on Wednesday, November 1st. The basic materials company reported $0.75 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.04). The company had revenue of $11.42 billion during the quarter, compared to analyst estimates of $11.87 billion. Bunge had a net margin of 1.06% and a return on equity of 6.68%. The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same period last year, the firm earned $0.73 EPS. research analysts expect that Bunge will post 2.97 EPS for the current year.
Large investors have recently bought and sold shares of the business. Aviance Capital Management LLC purchased a new stake in Bunge during the 2nd quarter worth approximately $101,000. Advisor Group Inc. increased its stake in Bunge by 127.8% during the 3rd quarter. Advisor Group Inc. now owns 1,499 shares of the basic materials company’s stock worth $104,000 after buying an additional 841 shares in the last quarter. Toronto Dominion Bank increased its stake in Bunge by 12.3% during the 2nd quarter. Toronto Dominion Bank now owns 1,714 shares of the basic materials company’s stock worth $128,000 after buying an additional 188 shares in the last quarter. Advisory Services Network LLC increased its stake in Bunge by 559.2% during the 2nd quarter. Advisory Services Network LLC now owns 2,294 shares of the basic materials company’s stock worth $171,000 after buying an additional 1,946 shares in the last quarter. Finally, KCS Wealth Advisory purchased a new stake in Bunge during the 4th quarter worth approximately $200,000. Institutional investors own 79.43% of the company’s stock.
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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.