Bunge Global (NYSE:BG) Hits New 52-Week High – Should You Buy?

Bunge Global SA (NYSE:BG)’s stock price hit a new 52-week high during trading on Friday . The company traded as high as $129.00 and last traded at $128.3190, with a volume of 294922 shares changing hands. The stock had previously closed at $125.76.

Analyst Ratings Changes

Several equities research analysts have weighed in on BG shares. BMO Capital Markets boosted their price objective on Bunge Global from $130.00 to $135.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 11th. UBS Group reiterated a “buy” rating on shares of Bunge Global in a report on Wednesday, March 11th. HSBC boosted their target price on Bunge Global from $80.00 to $116.00 and gave the company a “hold” rating in a research report on Tuesday, March 3rd. Zacks Research lowered Bunge Global from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. Finally, Stephens restated an “overweight” rating and issued a $130.00 price target on shares of Bunge Global in a research report on Thursday, February 5th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $124.10.

Bunge Global Price Performance

The company has a current ratio of 1.61, a quick ratio of 0.74 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $25.06 billion, a PE ratio of 23.91, a price-to-earnings-growth ratio of 0.80 and a beta of 0.75. The stock’s 50-day moving average is $118.81 and its two-hundred day moving average is $100.56.

Bunge Global (NYSE:BG) last announced its earnings results on Wednesday, February 4th. The basic materials company reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.17. The business had revenue of $23.76 billion during the quarter, compared to analyst estimates of $23 billion. Bunge Global had a return on equity of 8.69% and a net margin of 1.16%.The company’s revenue for the quarter was up 75.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.13 earnings per share. Bunge Global has set its FY 2026 guidance at 7.500-8.000 EPS. On average, equities analysts predict that Bunge Global SA will post 7.94 EPS for the current year.

Hedge Funds Weigh In On Bunge Global

Several hedge funds have recently bought and sold shares of BG. Glencore plc purchased a new stake in Bunge Global in the third quarter worth $2,665,496,000. Norges Bank purchased a new stake in shares of Bunge Global during the second quarter valued at $149,380,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Bunge Global by 168,119.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,165,764 shares of the basic materials company’s stock valued at $103,846,000 after purchasing an additional 1,165,071 shares during the period. Merewether Investment Management LP bought a new position in shares of Bunge Global in the third quarter worth about $74,888,000. Finally, Vanguard Group Inc. grew its holdings in shares of Bunge Global by 4.6% in the fourth quarter. Vanguard Group Inc. now owns 17,570,009 shares of the basic materials company’s stock worth $1,565,136,000 after purchasing an additional 777,805 shares during the last quarter. Institutional investors own 86.23% of the company’s stock.

About Bunge Global

Bunge Global is a leading agribusiness and food company that processes oilseeds and grains, produces sugar and bioenergy, and supplies fertilizers and other agricultural inputs. The company operates an integrated value chain that spans origination, processing, and distribution, enabling it to serve food processors, livestock producers, and retail customers worldwide. Through its network of processing plants, port terminals and logistics assets, Bunge handles a diverse portfolio of commodities, including soybeans, corn, wheat, vegetable oils, and sugarcane.

The company’s core business activities are organized into agribusiness and food & ingredients segments.