Piper Jaffray Companies Analysts Give Bunge Limited (BG) a $86.00 Price Target
Other equities analysts also recently issued research reports about the company. Credit Suisse Group set a $90.00 price target on Bunge Limited and gave the stock a buy rating in a research report on Tuesday, July 18th. Citigroup Inc. dropped their price target on Bunge Limited from $94.00 to $88.00 and set a buy rating for the company in a research report on Wednesday, July 12th. BMO Capital Markets set a $87.00 price target on Bunge Limited and gave the stock a buy rating in a research report on Monday, June 12th. BidaskClub raised Bunge Limited from a sell rating to a hold rating in a research report on Tuesday, July 4th. Finally, Zacks Investment Research upgraded Bunge Limited from a sell rating to a hold rating in a report on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $81.86.
Bunge Limited (BG) opened at 68.72 on Friday. The firm has a market cap of $9.66 billion, a price-to-earnings ratio of 19.65 and a beta of 1.01. Bunge Limited has a 1-year low of $58.49 and a 1-year high of $83.75. The firm’s 50-day moving average price is $72.92 and its 200-day moving average price is $75.93.
Bunge Limited (NYSE:BG) last released its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.07. The company had revenue of $11.65 billion during the quarter, compared to the consensus estimate of $10.88 billion. Bunge Limited had a return on equity of 6.65% and a net margin of 1.12%. Bunge Limited’s revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.79 earnings per share. On average, equities research analysts anticipate that Bunge Limited will post $3.74 earnings per share for the current year.
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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 dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 2.68%. The ex-dividend date is Friday, November 17th. Bunge Limited’s dividend payout ratio (DPR) is 53.64%.
In other news, insider Jerry Matthews Simmons, Jr. sold 2,636 shares of the firm’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $80.00, for a total transaction of $210,880.00. Following the sale, the insider now owns 20,214 shares in the company, valued at $1,617,120. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is owned by company insiders.
A number of institutional investors have recently modified their holdings of BG. BlackRock Inc. boosted its holdings in Bunge Limited by 1,532.8% in the first quarter. BlackRock Inc. now owns 7,991,765 shares of the basic materials company’s stock valued at $633,427,000 after acquiring an additional 7,502,326 shares during the last quarter. York Capital Management Global Advisors LLC acquired a new position in Bunge Limited in the second quarter valued at $136,703,000. Vanguard Group Inc. boosted its holdings in Bunge Limited by 9.3% in the second quarter. Vanguard Group Inc. now owns 14,450,143 shares of the basic materials company’s stock valued at $1,077,980,000 after acquiring an additional 1,224,073 shares during the last quarter. Boussard & Gavaudan Investment Management LLP acquired a new position in Bunge Limited in the second quarter valued at $86,883,000. Finally, AQR Capital Management LLC boosted its holdings in Bunge Limited by 101.8% in the first quarter. AQR Capital Management LLC now owns 2,026,586 shares of the basic materials company’s stock valued at $160,627,000 after acquiring an additional 1,022,468 shares during the last quarter. Hedge funds and other institutional investors own 80.34% of the company’s stock.
About Bunge Limited
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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