Bunge Global SA (NYSE:BG) Receives $120.90 Average Price Target from Analysts

Shares of Bunge Global SA (NYSE:BG) have been given a consensus recommendation of “Moderate Buy” by the eleven brokerages that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $122.40.

BG has been the topic of several recent analyst reports. BMO Capital Markets increased their price target on shares of Bunge Global from $130.00 to $135.00 and gave the company an “outperform” rating in a research note on Wednesday. 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 report on Tuesday, February 3rd. Barclays increased their target price on shares of Bunge Global from $120.00 to $135.00 and gave the company an “overweight” rating in a research report on Thursday, February 5th. UBS Group reissued a “buy” rating on shares of Bunge Global in a research report on Wednesday. Finally, HSBC upped their price objective on shares of Bunge Global from $80.00 to $116.00 and gave the company a “hold” rating in a research note on Tuesday, March 3rd.

Bunge Global Trading Down 0.9%

NYSE:BG opened at $124.73 on Friday. Bunge Global has a 1 year low of $68.33 and a 1 year high of $127.24. The stock has a market cap of $24.14 billion, a P/E ratio of 23.01, a P/E/G ratio of 0.79 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. The stock has a 50-day simple moving average of $114.51 and a 200-day simple moving average of $98.15.

Bunge Global (NYSE:BG) last issued its earnings results on Wednesday, February 4th. The basic materials company reported $1.99 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 8.69% and a net margin of 1.16%.The business’s quarterly revenue was up 75.5% on a year-over-year basis. During the same quarter last year, the company earned $2.13 EPS. Bunge Global has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, analysts anticipate that Bunge Global will post 7.94 earnings per share for the current fiscal year.

Institutional Trading of Bunge Global

A number of large investors have recently made changes to their positions in BG. Glencore plc acquired a new stake in Bunge Global during the 3rd quarter worth $2,665,496,000. Bryce Point Capital LLC acquired a new position in Bunge Global in the third quarter valued at $535,000. Polianta Ltd purchased a new stake in shares of Bunge Global in the third quarter valued at about $1,560,000. AE Wealth Management LLC boosted its stake in shares of Bunge Global by 2.9% during the third quarter. AE Wealth Management LLC now owns 168,635 shares of the basic materials company’s stock worth $13,702,000 after buying an additional 4,691 shares during the period. Finally, Voya Investment Management LLC boosted its stake in shares of Bunge Global by 719.2% during the third quarter. Voya Investment Management LLC now owns 303,928 shares of the basic materials company’s stock worth $24,694,000 after buying an additional 266,827 shares during the period. 86.23% of the stock is owned by institutional investors and hedge funds.

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.