Bunge Global (NYSE:BG) Reaches New 52-Week High on Analyst Upgrade

Bunge Global SA (NYSE:BG)’s stock price reached a new 52-week high during trading on Thursday after Morgan Stanley raised their price target on the stock from $130.00 to $140.00. Morgan Stanley currently has an overweight rating on the stock. Bunge Global traded as high as $125.37 and last traded at $126.6790, with a volume of 783123 shares trading hands. The stock had previously closed at $122.72.

BG has been the subject of a number of other reports. Stephens reiterated an “overweight” rating and set a $130.00 price target on shares of Bunge Global in a report on Thursday, February 5th. Citigroup restated a “buy” rating on shares of Bunge Global in a research report on Tuesday, December 2nd. JPMorgan Chase & Co. lifted their target price on Bunge Global from $109.00 to $117.00 and gave the stock an “overweight” rating in a report on Tuesday, February 3rd. HSBC boosted 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. Finally, Zacks Research downgraded shares of Bunge Global from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $122.40.

Institutional Trading of Bunge Global

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

Bunge Global Stock Up 3.2%

The company has a market cap of $24.50 billion, a price-to-earnings ratio of 23.24, a price-to-earnings-growth ratio of 0.76 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’s fifty day moving average is $113.14 and its two-hundred day moving average is $97.61.

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

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.