Bunge Global (NYSE:BG) Price Target Raised to $135.00 at BMO Capital Markets

Bunge Global (NYSE:BG) had its price objective increased by analysts at BMO Capital Markets from $130.00 to $135.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the basic materials company’s stock. BMO Capital Markets’ price objective suggests a potential upside of 10.56% from the company’s current price.

BG has been the topic of a number of other research reports. JPMorgan Chase & Co. upped their target price on shares of Bunge Global from $109.00 to $117.00 and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. Weiss Ratings cut shares of Bunge Global from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday, February 23rd. Citigroup reaffirmed a “buy” rating on shares of Bunge Global in a report on Tuesday, December 2nd. Stephens reiterated an “overweight” rating and issued a $130.00 price objective on shares of Bunge Global in a research note on Thursday, February 5th. Finally, Bank of America increased their target price on Bunge Global from $112.00 to $119.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Bunge Global has an average rating of “Moderate Buy” and an average target price of $121.40.

Bunge Global Stock Performance

Shares of NYSE BG traded up $2.36 during trading hours on Wednesday, reaching $122.11. The stock had a trading volume of 229,950 shares, compared to its average volume of 1,709,258. The company has a market cap of $23.63 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 0.75 and a beta of 0.75. Bunge Global has a twelve month low of $68.33 and a twelve month high of $124.78. The business’s fifty day moving average is $112.47 and its two-hundred day moving average is $97.44. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.61 and a quick ratio of 0.74.

Bunge Global (NYSE:BG) last announced its quarterly earnings results on Wednesday, February 4th. The basic materials company reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.17. Bunge Global had a net margin of 1.16% and a return on equity of 8.69%. The firm had revenue of $23.76 billion for the quarter, compared to analyst estimates of $23 billion. During the same quarter in the previous year, the firm posted $2.13 EPS. The business’s revenue for the quarter was up 75.5% on a year-over-year basis. Bunge Global has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, research analysts expect that Bunge Global will post 7.94 EPS for the current year.

Hedge Funds Weigh In On Bunge Global

Several institutional investors have recently added to or reduced their stakes in BG. Glencore plc grew its stake in Bunge Global by 100.0% during the fourth quarter. Glencore plc now owns 65,612,206 shares of the basic materials company’s stock worth $5,844,735,000 after buying an additional 32,806,103 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Bunge Global by 4.6% in the fourth quarter. Vanguard Group Inc. now owns 17,570,009 shares of the basic materials company’s stock valued at $1,565,136,000 after acquiring an additional 777,805 shares during the last quarter. Capital World Investors raised its stake in shares of Bunge Global by 2.5% in the fourth quarter. Capital World Investors now owns 16,602,320 shares of the basic materials company’s stock valued at $1,478,960,000 after acquiring an additional 402,320 shares during the last quarter. State Street Corp boosted its holdings in shares of Bunge Global by 0.3% in the 4th quarter. State Street Corp now owns 6,940,141 shares of the basic materials company’s stock worth $618,260,000 after acquiring an additional 18,819 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Bunge Global by 2.3% in the 2nd quarter. Geode Capital Management LLC now owns 3,535,869 shares of the basic materials company’s stock worth $282,683,000 after acquiring an additional 80,082 shares in the last quarter. 86.23% of the stock is owned by institutional investors.

Bunge Global Company Profile

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.