Bunge (NYSE:BG) was downgraded by research analysts at TheStreet from a “buy” rating to a “hold” rating in a report released on Friday, American Banking News reports.
The analysts wrote, “Bunge (BG) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its good cash flow from operations and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity.”
Bunge (NYSE:BG) traded up 1.17% on Friday, hitting $81.33. The stock had a trading volume of 187,705 shares. Bunge has a 52-week low of $65.74 and a 52-week high of $83.42. The stock has a 50-day moving average of $81.2 and a 200-day moving average of $76.24. The company’s market cap is $12.005 billion.
Bunge (NYSE:BG) last posted its quarterly earnings results on Thursday, October 24th. The company reported $2.02 EPS for the quarter, missing the Thomson Reuters consensus estimate of $2.21 by $0.19. The company had revenue of $14.70 billion for the quarter, compared to the consensus estimate of $16.91 billion. During the same quarter in the prior year, the company posted $2.08 earnings per share. The company’s quarterly revenue was down 11.1% on a year-over-year basis. Analysts expect that Bunge will post $6.24 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.49%.
A number of other analysts have also recently weighed in on BG. Analysts at Barclays raised their price target on shares of Bunge from $83.00 to $91.00 in a research note to investors on Monday, October 28th. They now have an “overweight” rating on the stock. Separately, analysts at Feltl & Co. upgraded shares of Bunge from a “hold” rating to a “buy” rating in a research note to investors on Thursday, October 24th. Finally, analysts at Scotiabank downgraded shares of Bunge from an “outperform” rating to a “sector perform” rating in a research note to investors on Thursday, October 24th. They now have a $86.00 price target on the stock, down previously from $90.00. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $85.12.
Bunge Limited is a holding company, and its operations are conducted through its subsidiaries. The Company is a global agribusiness and food company with integrated operations that stretch from the farm fields to consumer foods.
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