Bunge Limited (BG) Earning Positive News Coverage, Report Finds
News headlines about Bunge Limited (NYSE:BG) have trended positive this week, according to Accern. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Bunge Limited earned a news sentiment score of 0.27 on Accern’s scale. Accern also assigned news headlines about the basic materials company an impact score of 46.7456759155864 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- Bargain or Bait? Stock Update on JB Hunt Transport Services, Inc. (NASDAQ:JBHT) and Bunge Limited (NYSE:BG) – FLBC News (flbcnews.com)
- Two Stocks You May Need To Reconsider: Bunge Limited (BG), Avnet, Inc. (AVT) – AllStockNews (allstocknews.com)
- Include Money Stock in Portfolio: Bunge Limited (BG) with 2.47% Dividend Yield – Voice Of Analysts (analystsbuzz.com)
- Share Spotlight on Bunge Ltd (BG) : Technicals in Focus – Evergreen Caller (evergreencaller.com)
- Share Activity Lifted for Bunge Ltd (BG) in Session – Evergreen Caller (evergreencaller.com)
Bunge Limited (BG) traded up 2.10% during mid-day trading on Friday, hitting $76.20. 894,315 shares of the company traded hands. The firm has a market capitalization of $10.71 billion, a P/E ratio of 21.78 and a beta of 1.02. The firm has a 50 day moving average of $77.18 and a 200 day moving average of $77.28. Bunge Limited has a one year low of $58.19 and a one year high of $83.75.
Bunge Limited (NYSE:BG) last released its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.07. Bunge Limited had a net margin of 1.12% and a return on equity of 6.65%. The business had revenue of $11.65 billion during the quarter, compared to analysts’ expectations of $10.88 billion. During the same quarter in the previous year, the company earned $0.79 EPS. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. Equities research analysts expect that Bunge Limited will post $3.94 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Monday, November 20th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.41%. Bunge Limited’s payout ratio is 53.64%.
Several research analysts recently weighed in on the stock. BidaskClub cut shares of Bunge Limited from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Piper Jaffray Companies set a $86.00 price target on shares of Bunge Limited and gave the company a “buy” rating in a report on Thursday, August 3rd. Zacks Investment Research raised shares of Bunge Limited from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Credit Suisse Group set a $90.00 price target on shares of Bunge Limited and gave the company a “buy” rating in a report on Tuesday, July 18th. Finally, Citigroup Inc. decreased their price target on shares of Bunge Limited from $94.00 to $88.00 and set a “buy” rating for the company in a report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. Bunge Limited presently has a consensus rating of “Hold” and an average price target of $84.83.
In related news, insider Jerry Matthews Simmons, Jr. sold 2,636 shares of the company’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of $80.00, for a total transaction of $210,880.00. Following the completion of the sale, the insider now directly owns 20,214 shares in the company, valued at approximately $1,617,120. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.30% of the company’s stock.
Bunge Limited Company Profile
Bunge Limited is an agribusiness and food company with integrated operations that stretch from the farm field to consumer foods. The Company operates through five segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. Its Agribusiness segment is an integrated, global business involved in the purchase, storage, transport, processing and sale of agricultural commodities and commodity products.
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