JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Bunge Global (NYSE:BG) Stock

Bunge Global (NYSE:BG) had its price objective upped by investment analysts at JPMorgan Chase & Co. from $130.00 to $134.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the basic materials company’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 6.77% from the company’s previous close.

Other equities research analysts have also recently issued reports about the stock. Weiss Ratings cut shares of Bunge Global from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday, February 23rd. Morgan Stanley increased their target price on shares of Bunge Global from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, March 11th. Stephens reissued an “overweight” rating and set a $130.00 target price on shares of Bunge Global in a research note on Thursday, February 5th. HSBC boosted their price target on shares of Bunge Global from $80.00 to $116.00 and gave the stock a “hold” rating in a research report on Tuesday, March 3rd. Finally, BMO Capital Markets increased their price objective on shares of Bunge Global from $130.00 to $135.00 and gave the company an “outperform” rating in a report on Wednesday, March 11th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $124.10.

Bunge Global Stock Performance

Shares of BG stock opened at $125.51 on Tuesday. Bunge Global has a 12-month low of $68.33 and a 12-month high of $128.46. The firm has a market capitalization of $24.29 billion, a price-to-earnings ratio of 23.16, a price-to-earnings-growth ratio of 0.79 and a beta of 0.75. The business has a 50 day simple moving average of $118.47 and a 200 day simple moving average of $100.38. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.61 and a quick ratio of 0.74.

Bunge Global (NYSE:BG) last announced its earnings results on Wednesday, February 4th. The basic materials company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.17. Bunge Global had a return on equity of 8.69% and a net margin of 1.16%.The firm had revenue of $23.76 billion for the quarter, compared to the consensus estimate of $23 billion. During the same quarter in the previous year, the business earned $2.13 EPS. The firm’s revenue for the quarter was up 75.5% on a year-over-year basis. Bunge Global has set its FY 2026 guidance at 7.500-8.000 EPS. On average, equities research analysts anticipate that Bunge Global will post 7.94 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Quest 10 Wealth Builders Inc. acquired a new stake in Bunge Global in the 4th quarter valued at about $27,000. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Bunge Global in the 3rd quarter worth approximately $25,000. CoreCap Advisors LLC raised its holdings in shares of Bunge Global by 2,000.0% in the 3rd quarter. CoreCap Advisors LLC now owns 315 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 300 shares in the last quarter. Root Financial Partners LLC bought a new stake in shares of Bunge Global in the 3rd quarter worth approximately $28,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in Bunge Global during the second quarter valued at approximately $31,000. 86.23% of the stock is owned by institutional investors and hedge funds.

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.