Bunge Global SA (NYSE:BG) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Bunge Global SA (NYSE:BG) have been assigned a consensus rating of “Moderate Buy” from the five analysts that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $93.00.

BG has been the subject of several recent research reports. Barclays dropped their price target on Bunge Global from $95.00 to $85.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Morgan Stanley dropped their target price on Bunge Global from $90.00 to $74.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 11th. Bank of America dropped their target price on Bunge Global from $105.00 to $87.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Finally, Stephens dropped their target price on Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd.

Bunge Global Stock Performance

Bunge Global stock opened at $70.54 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 2.15 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $9.85 billion, a P/E ratio of 8.73 and a beta of 0.69. The stock’s 50 day moving average is $77.33 and its 200 day moving average is $87.84. Bunge Global has a twelve month low of $67.40 and a twelve month high of $114.92.

Bunge Global (NYSE:BG) last released its quarterly earnings results on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.17). Bunge Global had a return on equity of 11.73% and a net margin of 2.14%. On average, equities research analysts predict that Bunge Global will post 7.75 earnings per share for the current fiscal year.

Institutional Trading of Bunge Global

Several institutional investors have recently made changes to their positions in BG. State Street Corp increased its holdings in Bunge Global by 7.6% in the 3rd quarter. State Street Corp now owns 7,051,601 shares of the basic materials company’s stock valued at $681,467,000 after purchasing an additional 500,897 shares during the last quarter. FMR LLC increased its holdings in Bunge Global by 25.3% in the 4th quarter. FMR LLC now owns 3,465,636 shares of the basic materials company’s stock valued at $269,488,000 after purchasing an additional 699,889 shares during the last quarter. Geode Capital Management LLC increased its holdings in Bunge Global by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 3,457,858 shares of the basic materials company’s stock valued at $268,205,000 after purchasing an additional 34,890 shares during the last quarter. Invesco Ltd. increased its holdings in Bunge Global by 28.6% in the 4th quarter. Invesco Ltd. now owns 3,206,646 shares of the basic materials company’s stock valued at $249,349,000 after purchasing an additional 713,561 shares during the last quarter. Finally, Pacer Advisors Inc. grew its stake in shares of Bunge Global by 13,459.9% in the fourth quarter. Pacer Advisors Inc. now owns 2,956,459 shares of the basic materials company’s stock worth $229,894,000 after acquiring an additional 2,934,656 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

About Bunge Global

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.