Bunge Global (NYSE:BG) Price Target Raised to $150.00

Bunge Global (NYSE:BG) had its target price upped by BMO Capital Markets from $135.00 to $150.00 in a research note issued to investors on Tuesday morning,MarketScreener reports. BMO Capital Markets currently has an outperform rating on the basic materials company’s stock.

A number of other equities analysts have also commented on BG. JPMorgan Chase & Co. raised their price target on Bunge Global from $130.00 to $134.00 and gave the stock an “overweight” rating in a report on Tuesday, March 24th. Zacks Research lowered Bunge Global from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 27th. Bank of America increased their price objective on Bunge Global from $112.00 to $119.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. HSBC raised their target price on Bunge Global from $80.00 to $116.00 and gave the stock a “hold” rating in a research note on Tuesday, March 3rd. Finally, Citigroup reaffirmed a “buy” rating on shares of Bunge Global in a report on Tuesday, December 2nd. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $126.60.

Bunge Global Stock Performance

NYSE BG opened at $129.34 on Tuesday. The firm has a market cap of $25.03 billion, a P/E ratio of 23.86, a price-to-earnings-growth ratio of 0.81 and a beta of 0.71. The company has a quick ratio of 0.74, a current ratio of 1.61 and a debt-to-equity ratio of 0.51. The company’s 50 day moving average is $120.59 and its 200-day moving average is $102.12. Bunge Global has a 12-month low of $68.33 and a 12-month high of $131.50.

Bunge Global (NYSE:BG) last released its quarterly earnings data on Wednesday, February 4th. The basic materials company reported $1.99 EPS for the quarter, topping 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 company had revenue of $23.76 billion during the quarter, compared to the consensus estimate of $23 billion. During the same period last year, the firm earned $2.13 EPS. Bunge Global’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. Sell-side analysts predict that Bunge Global will post 7.94 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BG. Foster Dykema Cabot & Partners LLC purchased a new stake in Bunge Global during the third quarter valued at about $25,000. CoreCap Advisors LLC boosted 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. Quest 10 Wealth Builders Inc. bought a new position in shares of Bunge Global during the 4th quarter valued at about $27,000. Root Financial Partners LLC bought a new position in shares of Bunge Global during the 3rd quarter valued at about $28,000. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of Bunge Global during the 2nd quarter valued at about $31,000. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Bunge Global Company Profile

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.