Bunge Limited Rating Reiterated by Citigroup (BG)
Bunge Limited (NYSE: BG)‘s stock had its “buy” rating reiterated by equities research analysts at Citigroup in a research note issued to investors on Wednesday. They currently have a $105.00 price target on the stock.
BG has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of Bunge Limited from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, February 14th. They now have a $71.40 price target on the stock. Separately, analysts at Feltl & Co. downgraded shares of Bunge Limited from a “strong-buy” rating to a “hold” rating in a research note to investors on Friday, February 8th. They now have a $74.00 price target on the stock, down previously from $82.00. Finally, analysts at JPMorgan Chase initiated coverage on shares of Bunge Limited in a research note to investors on Monday, January 7th. They set an “overweight” rating and a $85.00 price target on the stock.
Shares of Bunge Limited opened at 75.29 on Wednesday. Bunge Limited has a 52 week low of $57.10 and a 52 week high of $80.99. The stock’s 50-day moving average is currently $75.70. The company has a market cap of $11.034 billion and a P/E ratio of 404.78.
Bunge Limited last announced its earnings results on Thursday, February 7th. The company reported $0.57 earnings per share for the quarter, missing the analysts’ consensus estimate of $2.33 by $1.76. The company had revenue of $17.04 billion for the quarter, compared to the consensus estimate of $18.81 billion. During the same quarter last year, the company posted $1.65 earnings per share. Bunge Limited’s revenue was up 8.6% compared to the same quarter last year. On average, analysts predict that Bunge Limited will post $7.32 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 3rd. Stockholders of record on Monday, May 20th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Thursday, May 16th.
Bunge Limited (Bunge) is a global agribusiness and food company operating in the farm-to-consumer food chain.
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