Barclays Lowers Bunge Global (NYSE:BG) Price Target to $85.00

Bunge Global (NYSE:BG) had its price objective decreased by stock analysts at Barclays from $95.00 to $85.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the basic materials company’s stock. Barclays‘s target price would suggest a potential upside of 22.11% from the company’s previous close.

Separately, Stephens dropped their target price on shares of Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $109.17.

Bunge Global Stock Performance

NYSE BG opened at $69.61 on Thursday. The firm’s 50 day simple moving average is $79.34 and its 200 day simple moving average is $89.86. The firm has a market capitalization of $9.72 billion, a price-to-earnings ratio of 8.81 and a beta of 0.69. Bunge Global has a 1 year low of $67.40 and a 1 year high of $114.92. The company has a current ratio of 2.07, a quick ratio of 1.10 and a debt-to-equity ratio of 0.43.

Bunge Global (NYSE:BG) last issued its quarterly earnings results on Wednesday, February 5th. The basic materials company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.17). Bunge Global had a net margin of 2.11% and a return on equity of 13.71%. As a group, research analysts expect that Bunge Global will post 9.35 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bunge Global

Several institutional investors and hedge funds have recently made changes to their positions in the company. Spire Wealth Management purchased a new position in shares of Bunge Global during the fourth quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of Bunge Global during the 3rd quarter valued at approximately $34,000. Crews Bank & Trust purchased a new stake in shares of Bunge Global in the fourth quarter worth $39,000. Farther Finance Advisors LLC boosted its stake in shares of Bunge Global by 40.1% in the third quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 124 shares during the period. Finally, R Squared Ltd bought a new stake in shares of Bunge Global during the fourth quarter valued at approximately $45,000. Institutional investors own 86.23% of the company’s stock.

Bunge Global Company Profile

Bunge Global SA operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains comprising wheat and corn; and processes oilseeds into vegetable oils and protein meals.