Barclays Forecasts Strong Price Appreciation for Bunge Global (NYSE:BG) Stock

Bunge Global (NYSE:BG) had its price target boosted by research analysts at Barclays from $135.00 to $145.00 in a research note issued to investors on Wednesday, Marketbeat.com reports. The brokerage presently has an “overweight” rating on the basic materials company’s stock. Barclays‘s price target indicates a potential upside of 12.11% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. JPMorgan Chase & Co. upped their target price on shares of Bunge Global from $130.00 to $134.00 and gave the company an “overweight” rating in a research note on Tuesday, March 24th. Bank of America lifted their price target on Bunge Global from $112.00 to $119.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Zacks Research lowered Bunge Global from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. UBS Group restated a “buy” rating on shares of Bunge Global in a research note on Wednesday, March 11th. Finally, Weiss Ratings downgraded Bunge Global from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday, February 23rd. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $126.60.

Bunge Global Stock Up 0.8%

BG stock opened at $129.34 on Wednesday. The company has a current ratio of 1.61, a quick ratio of 0.74 and a debt-to-equity ratio of 0.51. The firm has a 50 day simple moving average of $120.59 and a 200-day simple moving average of $102.12. The company has a market capitalization of $25.03 billion, a P/E ratio of 23.86, a PEG ratio of 0.81 and a beta of 0.71. Bunge Global has a twelve month low of $68.33 and a twelve month high of $131.50.

Bunge Global (NYSE:BG) last posted its quarterly earnings results on Wednesday, February 4th. The basic materials company reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.17. Bunge Global had a net margin of 1.16% and a return on equity of 8.69%. The firm had revenue of $23.76 billion for the quarter, compared to analysts’ expectations of $23 billion. During the same period in the prior year, the company posted $2.13 earnings per share. The firm’s quarterly revenue 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 predict that Bunge Global will post 7.94 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bunge Global

Several institutional investors have recently made changes to their positions in the stock. United Services Automobile Association bought a new stake in shares of Bunge Global in the 1st quarter worth approximately $223,000. Woodline Partners LP grew its stake in Bunge Global by 34.5% during the 1st quarter. Woodline Partners LP now owns 11,278 shares of the basic materials company’s stock worth $862,000 after buying an additional 2,893 shares during the last quarter. Focus Partners Wealth increased its position in Bunge Global by 16.7% in the first quarter. Focus Partners Wealth now owns 4,046 shares of the basic materials company’s stock worth $309,000 after buying an additional 580 shares during the period. Prudential Financial Inc. lifted its stake in Bunge Global by 11.8% in the second quarter. Prudential Financial Inc. now owns 22,960 shares of the basic materials company’s stock valued at $1,843,000 after buying an additional 2,421 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Bunge Global by 14.3% in the second quarter. Russell Investments Group Ltd. now owns 72,311 shares of the basic materials company’s stock valued at $5,806,000 after buying an additional 9,052 shares during the last quarter. 86.23% of the stock is owned by institutional investors.

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.