Citigroup Increases Bunge Global (NYSE:BG) Price Target to $122.00

Bunge Global (NYSE:BG) had its price target increased by Citigroup from $117.00 to $122.00 in a report issued on Thursday, Benzinga reports. Citigroup currently has a buy rating on the basic materials company’s stock.

Other analysts have also issued reports about the stock. Wolfe Research lowered shares of Bunge Global from an outperform rating to a peer perform rating in a research note on Wednesday, January 10th. StockNews.com lowered shares of Bunge Global from a buy rating to a hold rating in a research note on Monday, February 26th. BMO Capital Markets reduced their price target on shares of Bunge Global from $130.00 to $120.00 and set an outperform rating for the company in a research note on Thursday, February 8th. HSBC upgraded shares of Bunge Global from a hold rating to a buy rating and reduced their price target for the stock from $122.00 to $105.00 in a research note on Friday, February 9th. Finally, Robert W. Baird dropped their price objective on shares of Bunge Global from $125.00 to $108.00 and set a neutral rating on the stock in a report on Tuesday, January 23rd. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $121.00.

Bunge Global Stock Down 1.1 %

Shares of Bunge Global stock traded down $1.17 during trading on Thursday, hitting $102.89. The company’s stock had a trading volume of 56,012 shares, compared to its average volume of 1,749,152. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.99. The company has a fifty day simple moving average of $99.28 and a two-hundred day simple moving average of $100.01. The company has a market capitalization of $14.51 billion, a PE ratio of 8.38 and a beta of 0.64. Bunge Global has a 52 week low of $86.10 and a 52 week high of $116.59.

Bunge Global (NYSE:BG) last issued its quarterly earnings results on Wednesday, April 24th. The basic materials company reported $3.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.49. The company had revenue of $13.42 billion during the quarter, compared to analyst estimates of $13.96 billion. Bunge Global had a net margin of 3.22% and a return on equity of 17.49%. Bunge Global’s quarterly revenue was down 12.5% compared to the same quarter last year. During the same period last year, the business earned $3.26 EPS. Equities research analysts predict that Bunge Global will post 9 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Loomis Sayles & Co. L P boosted its stake in shares of Bunge Global by 169.8% during the third quarter. Loomis Sayles & Co. L P now owns 232 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 146 shares during the period. NewSquare Capital LLC purchased a new stake in Bunge Global in the fourth quarter worth about $37,000. Rise Advisors LLC lifted its stake in Bunge Global by 40.6% in the fourth quarter. Rise Advisors LLC now owns 405 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 117 shares during the period. Riverview Trust Co purchased a new stake in shares of Bunge Global during the first quarter valued at about $46,000. Finally, Ramirez Asset Management Inc. purchased a new stake in shares of Bunge Global during the third quarter valued at about $54,000. 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.