Citigroup Increases Bunge Global (NYSE:BG) Price Target to $77.00

Bunge Global (NYSE:BG) had its target price boosted by Citigroup from $76.00 to $77.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a neutral rating on the basic materials company’s stock.

A number of other equities research analysts have also weighed in on the stock. Barclays reduced their target price on shares of Bunge Global from $95.00 to $85.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Bank of America decreased their price objective on Bunge Global from $105.00 to $87.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Morgan Stanley cut their target price on Bunge Global from $90.00 to $74.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 11th. Finally, Stephens decreased their price target on Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Bunge Global has an average rating of “Moderate Buy” and an average target price of $85.60.

Bunge Global Trading Down 1.2 %

BG opened at $76.18 on Tuesday. The company has a market cap of $10.21 billion, a P/E ratio of 9.43, a PEG ratio of 2.66 and a beta of 0.59. The company has a current ratio of 2.15, a quick ratio of 1.27 and a debt-to-equity ratio of 0.43. The company’s 50 day moving average is $73.40 and its 200-day moving average is $80.89. Bunge Global has a 1-year low of $67.40 and a 1-year high of $114.92.

Bunge Global (NYSE:BG) last released its quarterly earnings data on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.17). Bunge Global had a net margin of 2.14% and a return on equity of 11.73%. Equities research analysts predict that Bunge Global will post 7.94 earnings per share for the current fiscal year.

Institutional Trading of Bunge Global

Large investors have recently bought and sold shares of the business. Spire Wealth Management bought a new stake in shares of Bunge Global during the 4th quarter valued at about $26,000. UMB Bank n.a. lifted its stake in Bunge Global by 163.1% in the first quarter. UMB Bank n.a. now owns 421 shares of the basic materials company’s stock valued at $32,000 after buying an additional 261 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Bunge Global during the 3rd quarter worth approximately $34,000. Riverview Trust Co grew its position in shares of Bunge Global by 130.8% during the 1st quarter. Riverview Trust Co now owns 450 shares of the basic materials company’s stock worth $34,000 after buying an additional 255 shares during the period. Finally, Crews Bank & Trust bought a new stake in shares of Bunge Global in the 4th quarter valued at $39,000. 86.23% of the stock is currently owned by institutional investors and hedge funds.

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.