Bunge Ltd. (NYSE:BG) was upgraded by equities research analysts at TheStreet from a “hold” rating to a “buy” rating in a note issued to investors on Monday.

Several other research analysts have also recently issued reports on the company. Zacks Investment Research cut Bunge from a “hold” rating to a “sell” rating in a research report on Monday, October 3rd. BMO Capital Markets reaffirmed an “outperform” rating and set a $72.00 price objective on shares of Bunge in a research report on Monday, August 1st. Finally, Bank of America Corp. raised Bunge from a “neutral” rating to a “buy” rating in a research report on Tuesday, August 2nd. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $73.13.

Analyst Recommendations for Bunge (NYSE:BG)

Shares of Bunge (NYSE:BG) traded down 0.21% on Monday, reaching $67.61. The company had a trading volume of 1,053,248 shares. The company’s 50-day moving average price is $63.74 and its 200 day moving average price is $62.74. Bunge has a 52 week low of $46.08 and a 52 week high of $70.53. The firm has a market capitalization of $9.43 billion, a P/E ratio of 15.05 and a beta of 0.97.

Bunge (NYSE:BG) last released its earnings results on Wednesday, November 2nd. The company reported $0.73 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by $0.08. Bunge had a return on equity of 10.38% and a net margin of 1.58%. The company had revenue of $11.42 billion for the quarter, compared to analyst estimates of $8.19 billion. During the same period in the previous year, the firm earned $1.24 earnings per share. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, analysts expect that Bunge will post $4.57 EPS for the current year.

Hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP boosted its stake in shares of Bunge by 22.3% in the first quarter. Wellington Management Group LLP now owns 738,998 shares of the company’s stock worth $41,879,000 after buying an additional 134,734 shares during the period. Legal & General Group Plc increased its stake in Bunge by 6.0% in the first quarter. Legal & General Group Plc now owns 782,762 shares of the company’s stock valued at $44,362,000 after buying an additional 44,135 shares in the last quarter. Seven Eight Capital LLC increased its stake in Bunge by 224.8% in the first quarter. Seven Eight Capital LLC now owns 15,894 shares of the company’s stock valued at $901,000 after buying an additional 11,000 shares in the last quarter. Robecosam AG increased its stake in Bunge by 19.7% in the first quarter. Robecosam AG now owns 56,000 shares of the company’s stock valued at $3,164,000 after buying an additional 9,232 shares in the last quarter. Finally, First Republic Investment Management Inc. increased its stake in Bunge by 0.6% in the first quarter. First Republic Investment Management Inc. now owns 16,037 shares of the company’s stock valued at $909,000 after buying an additional 100 shares in the last quarter. 80.13% of the stock is owned by hedge funds and other institutional investors.

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Bunge Company Profile

Bunge Limited is an agribusiness and food company with integrated operations that stretch from the farm field to consumer foods. The Agribusiness segment is involved in the purchase, storage, transport, processing and sale of agricultural commodities and commodity products. The Edible oil products and milling products segments include businesses that produce and sell edible oil based products, including vegetable oils, shortenings, margarines and mayonnaise, and milled grain products, such as wheat flours, corn-based products and rice.

5 Day Chart for NYSE:BG

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