Bunge Global (NYSE:BG) Price Target Raised to $140.00

Bunge Global (NYSE:BG) had its price target upped by Morgan Stanley from $130.00 to $140.00 in a research note released on Wednesday,Benzinga reports. The firm currently has an overweight rating on the basic materials company’s stock.

Several other analysts have also issued reports on the stock. HSBC boosted their price target on shares of Bunge Global from $80.00 to $116.00 and gave the company a “hold” rating in a research report on Tuesday, March 3rd. Barclays lifted their price objective on shares of Bunge Global from $120.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, February 5th. Citigroup reissued a “buy” rating on shares of Bunge Global in a report on Tuesday, December 2nd. Weiss Ratings downgraded Bunge Global from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday, February 23rd. Finally, Stephens reaffirmed an “overweight” rating and issued a $130.00 price target on shares of Bunge Global in a report on Thursday, February 5th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Bunge Global currently has a consensus rating of “Moderate Buy” and an average price target of $122.40.

Bunge Global Trading Down 0.9%

Shares of Bunge Global stock opened at $124.73 on Wednesday. Bunge Global has a 52-week low of $68.33 and a 52-week high of $127.24. The stock’s 50-day simple moving average is $114.51 and its 200 day simple moving average is $98.06. The stock has a market capitalization of $24.14 billion, a P/E ratio of 23.01, a P/E/G ratio of 0.80 and a beta of 0.75. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.74 and a current ratio of 1.61.

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

Hedge Funds Weigh In On Bunge Global

Several hedge funds have recently bought and sold shares of BG. World Investment Advisors purchased a new stake in Bunge Global in the 4th quarter worth approximately $223,000. Corient Private Wealth LLC grew its position in shares of Bunge Global by 15.6% during the 4th quarter. Corient Private Wealth LLC now owns 19,430 shares of the basic materials company’s stock valued at $1,733,000 after purchasing an additional 2,625 shares in the last quarter. Hsbc Holdings PLC increased its holdings in shares of Bunge Global by 76.0% in the fourth quarter. Hsbc Holdings PLC now owns 92,925 shares of the basic materials company’s stock worth $8,314,000 after purchasing an additional 40,134 shares during the period. Compound Planning Inc. bought a new position in shares of Bunge Global in the fourth quarter worth $203,000. Finally, Mercer Global Advisors Inc. ADV raised its position in shares of Bunge Global by 56.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 5,520 shares of the basic materials company’s stock worth $492,000 after buying an additional 1,993 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

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.