Bunge Global SA (NYSE:BG – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $118.00.
Separately, Citigroup lowered shares of Bunge Global from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $125.00 to $114.00 in a research report on Thursday, August 1st.
Read Our Latest Research Report on BG
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Bunge Global Stock Up 0.9 %
BG opened at $100.24 on Thursday. The stock’s fifty day moving average is $104.38 and its 200-day moving average is $102.66. Bunge Global has a one year low of $86.10 and a one year high of $115.84. The company has a market capitalization of $14.19 billion, a PE ratio of 8.07 and a beta of 0.67. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.97 and a current ratio of 2.03.
Bunge Global (NYSE:BG – Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $1.73 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.06). The business had revenue of $13.24 billion during the quarter, compared to analyst estimates of $14.30 billion. Bunge Global had a net margin of 2.33% and a return on equity of 14.84%. Bunge Global’s revenue was down 12.0% compared to the same quarter last year. During the same period in the previous year, the company posted $3.72 earnings per share. On average, equities analysts predict that Bunge Global will post 9.3 EPS for the current fiscal year.
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.
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