Bunge Global SA (NYSE:BG) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Bunge Global SA (NYSE:BG) have received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $118.00.

Separately, Citigroup cut Bunge Global from a “buy” rating to a “neutral” rating and dropped their price target for the company from $125.00 to $114.00 in a research report on Thursday, August 1st.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BG. Pacer Advisors Inc. raised its stake in shares of Bunge Global by 26.5% during the second quarter. Pacer Advisors Inc. now owns 4,211,052 shares of the basic materials company’s stock valued at $449,614,000 after purchasing an additional 883,127 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Bunge Global by 5.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,282,006 shares of the basic materials company’s stock valued at $243,664,000 after buying an additional 121,080 shares during the last quarter. LSV Asset Management grew its position in shares of Bunge Global by 10.7% in the second quarter. LSV Asset Management now owns 2,113,229 shares of the basic materials company’s stock valued at $225,629,000 after purchasing an additional 203,910 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Bunge Global by 23.4% in the second quarter. AQR Capital Management LLC now owns 970,083 shares of the basic materials company’s stock worth $103,576,000 after purchasing an additional 184,245 shares during the period. Finally, Millennium Management LLC lifted its position in shares of Bunge Global by 12,617.1% during the 2nd quarter. Millennium Management LLC now owns 885,617 shares of the basic materials company’s stock worth $94,557,000 after purchasing an additional 878,653 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Price Performance

Shares of NYSE BG opened at $95.60 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.97 and a current ratio of 2.03. The business has a 50-day simple moving average of $97.56 and a two-hundred day simple moving average of $103.00. The company has a market cap of $13.54 billion, a PE ratio of 7.70 and a beta of 0.64. Bunge Global has a fifty-two week low of $86.10 and a fifty-two week high of $114.92.

Bunge Global (NYSE:BG) last posted its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $1.73 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.06). Bunge Global had a net margin of 2.33% and a return on equity of 14.84%. The company had revenue of $13.24 billion during the quarter, compared to analyst estimates of $14.30 billion. During the same period in the prior year, the business posted $3.72 EPS. Bunge Global’s revenue for the quarter was down 12.0% compared to the same quarter last year. As a group, equities analysts expect that Bunge Global will post 9.3 EPS for the current fiscal year.

Bunge Global Company Profile

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.