Stephens Cuts Bunge Global (NYSE:BG) Price Target to $105.00

Bunge Global (NYSE:BG) had its price target decreased by Stephens from $110.00 to $105.00 in a research note issued to investors on Monday.

Separately, Barclays lowered shares of Bunge Global from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $115.00 to $95.00 in a research note on Tuesday, January 21st. Three investment 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 MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $110.83.

Bunge Global Trading Down 6.9 %

Shares of BG stock opened at $69.82 on Monday. The stock’s 50-day moving average price is $80.13 and its 200-day moving average price is $90.31. Bunge Global has a 12-month low of $69.73 and a 12-month high of $114.92. The stock has a market capitalization of $9.75 billion, a price-to-earnings ratio of 8.84 and a beta of 0.69. 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 data 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 return on equity of 13.71% and a net margin of 2.11%. Equities research analysts predict that Bunge Global will post 9.35 EPS for the current fiscal year.

Institutional Investors Weigh In On Bunge Global

Institutional investors and hedge funds have recently made changes to their positions in the stock. Creative Planning boosted its position in Bunge Global by 19.1% in the second quarter. Creative Planning now owns 6,906 shares of the basic materials company’s stock valued at $737,000 after buying an additional 1,108 shares during the last quarter. Cetera Investment Advisers lifted its stake in Bunge Global by 2.1% during the 2nd quarter. Cetera Investment Advisers now owns 19,101 shares of the basic materials company’s stock valued at $2,039,000 after acquiring an additional 402 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Bunge Global in the 2nd quarter valued at $2,668,000. AMF Tjanstepension AB increased its stake in shares of Bunge Global by 59.3% in the third quarter. AMF Tjanstepension AB now owns 106,384 shares of the basic materials company’s stock worth $10,281,000 after acquiring an additional 39,600 shares during the period. Finally, Czech National Bank raised its holdings in shares of Bunge Global by 6.9% during the third quarter. Czech National Bank now owns 28,855 shares of the basic materials company’s stock worth $2,789,000 after purchasing an additional 1,872 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

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.