Bunge Global (NYSE:BG) Price Target Raised to $134.00

Bunge Global (NYSE:BG) had its target price raised by JPMorgan Chase & Co. from $130.00 to $134.00 in a research report report published on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the basic materials company’s stock.

BG has been the topic of a number of other reports. HSBC raised their price target on Bunge Global from $80.00 to $116.00 and gave the company a “hold” rating in a research note on Tuesday, March 3rd. Zacks Research lowered Bunge Global from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Morgan Stanley boosted their target price on Bunge Global from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 11th. Barclays upped their price target on Bunge Global from $120.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday, February 5th. Finally, UBS Group reiterated a “buy” rating on shares of Bunge Global in a research note on Wednesday, March 11th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $124.10.

Bunge Global Trading Up 0.2%

NYSE BG opened at $125.66 on Tuesday. Bunge Global has a 52 week low of $68.33 and a 52 week high of $128.46. The firm has a 50 day moving average of $118.81 and a two-hundred day moving average of $100.56. The company has a quick ratio of 0.74, a current ratio of 1.61 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $24.32 billion, a PE ratio of 23.18, a price-to-earnings-growth ratio of 0.80 and a beta of 0.75.

Bunge Global (NYSE:BG) last announced its quarterly earnings data on Wednesday, February 4th. The basic materials company reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.17. The business had revenue of $23.76 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the business earned $2.13 EPS. 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 fiscal year.

Hedge Funds Weigh In On Bunge Global

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Quest 10 Wealth Builders Inc. purchased a new position in Bunge Global during the 4th quarter worth $27,000. Foster Dykema Cabot & Partners LLC purchased a new stake in shares of Bunge Global in the third quarter valued at about $25,000. CoreCap Advisors LLC boosted its holdings in shares of Bunge Global by 2,000.0% in the third quarter. CoreCap Advisors LLC now owns 315 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 300 shares in the last quarter. Root Financial Partners LLC acquired a new position in shares of Bunge Global during the third quarter worth about $28,000. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of Bunge Global during the second quarter worth about $31,000. 86.23% of the stock is currently owned by hedge funds and other 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.