Bunge Global (NYSE:BG) Stock Price Expected to Rise, UBS Group Analyst Says

Bunge Global (NYSE:BG) had its target price hoisted by analysts at UBS Group from $100.00 to $108.00 in a research note issued to investors on Wednesday,MarketScreener reports. UBS Group’s price target points to a potential upside of 21.33% from the stock’s current price.

BG has been the topic of a number of other research reports. JPMorgan Chase & Co. lifted their price objective on shares of Bunge Global from $107.00 to $109.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Citigroup reaffirmed a “buy” rating on shares of Bunge Global in a research report on Tuesday, December 2nd. Morgan Stanley upgraded shares of Bunge Global from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $95.00 to $120.00 in a research note on Tuesday, December 16th. CICC Research raised their price objective on shares of Bunge Global from $90.00 to $110.00 in a report on Friday, November 7th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Bunge Global in a research note on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $109.00.

Bunge Global Stock Performance

Shares of BG stock opened at $89.02 on Wednesday. The company has a current ratio of 1.66, a quick ratio of 0.83 and a debt-to-equity ratio of 0.57. The company has a market cap of $17.21 billion, a PE ratio of 9.54, a P/E/G ratio of 2.33 and a beta of 0.79. The company’s fifty day simple moving average is $94.50 and its 200-day simple moving average is $85.57. Bunge Global has a 52 week low of $67.40 and a 52 week high of $99.55.

Bunge Global (NYSE:BG) last released its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $2.27 EPS for the quarter, beating the consensus estimate of $2.23 by $0.04. The company had revenue of $22.16 billion for the quarter, compared to analyst estimates of $22.46 billion. Bunge Global had a return on equity of 9.06% and a net margin of 2.20%.The firm’s revenue was up 71.6% compared to the same quarter last year. During the same period last year, the company posted $2.29 earnings per share. As a group, equities research analysts anticipate that Bunge Global will post 7.94 EPS for the current year.

Insider Activity

In other news, VP Christos Dimopoulos sold 25,300 shares of Bunge Global stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $94.37, for a total value of $2,387,561.00. Following the completion of the transaction, the vice president directly owned 104,537 shares of the company’s stock, valued at approximately $9,865,156.69. The trade was a 19.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.80% of the company’s stock.

Hedge Funds Weigh In On Bunge Global

Several institutional investors have recently made changes to their positions in BG. Foster Dykema Cabot & Partners LLC bought a new position in Bunge Global during the 3rd quarter worth $25,000. CoreCap Advisors LLC boosted its stake in Bunge Global by 2,000.0% during the 3rd quarter. CoreCap Advisors LLC now owns 315 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 300 shares during the period. Cromwell Holdings LLC grew its position in Bunge Global by 4,175.0% in the 2nd quarter. Cromwell Holdings LLC now owns 342 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 334 shares during the last quarter. Root Financial Partners LLC acquired a new stake in shares of Bunge Global in the third quarter valued at approximately $28,000. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Bunge Global during the second quarter worth approximately $29,000. 86.23% of the stock is owned by institutional investors.

About Bunge Global

Bunge Global is a leading agribusiness and food company that processes oilseeds and grains, produces sugar and bioenergy, and supplies fertilizers and other agricultural inputs. The company operates an integrated value chain that spans origination, processing, and distribution, enabling it to serve food processors, livestock producers, and retail customers worldwide. Through its network of processing plants, port terminals and logistics assets, Bunge handles a diverse portfolio of commodities, including soybeans, corn, wheat, vegetable oils, and sugarcane.

The company’s core business activities are organized into agribusiness and food & ingredients segments.