Bunge Global (NYSE:BG) Stock Price Expected to Rise, UBS Group Analyst Says

Bunge Global (NYSE:BG) had its price objective boosted by UBS Group from $100.00 to $108.00 in a research note issued to investors on Wednesday,MarketScreener reports. UBS Group’s target price would suggest a potential upside of 22.35% from the stock’s current price.

BG has been the topic of a number of other research reports. Bank of America lifted their price target on shares of Bunge Global from $95.00 to $112.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Barclays upgraded shares of Bunge Global from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $105.00 to $120.00 in a research report on Thursday, November 6th. Citigroup reissued a “buy” rating on shares of Bunge Global in a report on Tuesday, December 2nd. Zacks Research upgraded Bunge Global from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 3rd. Finally, CICC Research lifted their price target on Bunge Global from $90.00 to $110.00 in a research note on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Bunge Global presently has a consensus rating of “Buy” and a consensus target price of $109.00.

Bunge Global Trading Down 0.3%

Shares of NYSE:BG opened at $88.27 on Wednesday. The company has a current ratio of 1.66, a quick ratio of 0.83 and a debt-to-equity ratio of 0.57. Bunge Global has a 12-month low of $67.40 and a 12-month high of $99.55. The business has a 50 day moving average of $94.26 and a two-hundred day moving average of $85.61. The company has a market capitalization of $17.07 billion, a PE ratio of 9.50, a PEG ratio of 2.31 and a beta of 0.79.

Bunge Global (NYSE:BG) last released its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $2.27 EPS for the quarter, beating the consensus estimate of $2.23 by $0.04. Bunge Global had a net margin of 2.20% and a return on equity of 9.06%. The company had revenue of $22.16 billion for the quarter, compared to analyst estimates of $22.46 billion. During the same quarter last year, the business earned $2.29 earnings per share. The firm’s revenue was up 71.6% on a year-over-year basis. As a group, analysts forecast that Bunge Global will post 7.94 EPS for the current year.

Insider Activity

In related news, VP Christos Dimopoulos sold 25,300 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $94.37, for a total transaction of $2,387,561.00. Following the sale, the vice president owned 104,537 shares of the company’s stock, valued at $9,865,156.69. This trade represents a 19.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Bunge Global

A number of large investors have recently bought and sold shares of the stock. Foster Dykema Cabot & Partners LLC acquired a new stake in shares of Bunge Global during the 3rd quarter worth $25,000. CoreCap Advisors LLC grew its position in Bunge Global by 2,000.0% during the third quarter. CoreCap Advisors LLC now owns 315 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 300 shares during the period. Cromwell Holdings LLC increased its stake in Bunge Global by 4,175.0% during the second quarter. Cromwell Holdings LLC now owns 342 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 334 shares during the last quarter. Root Financial Partners LLC acquired a new stake in Bunge Global during the third quarter worth about $28,000. Finally, Ameritas Advisory Services LLC purchased a new position in shares of Bunge Global in the 2nd quarter worth about $29,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.

About Bunge Global

Bunge Global is a leading agribusiness and food company that processes oilseeds and grains, produces sugar and bioenergy, and supplies fertilizers and other agricultural inputs. The company operates an integrated value chain that spans origination, processing, and distribution, enabling it to serve food processors, livestock producers, and retail customers worldwide. Through its network of processing plants, port terminals and logistics assets, Bunge handles a diverse portfolio of commodities, including soybeans, corn, wheat, vegetable oils, and sugarcane.

The company’s core business activities are organized into agribusiness and food & ingredients segments.