Analysts Set Bunge Limited (BG) Price Target at $81.86
Bunge Limited (NYSE:BG) has been given a consensus rating of “Hold” by the twelve brokerages that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $81.86.
A number of research firms have recently issued reports on BG. BMO Capital Markets restated a “buy” rating and issued a $87.00 target price on shares of Bunge Limited in a report on Monday, November 6th. Zacks Investment Research lowered Bunge Limited from a “hold” rating to a “strong sell” rating in a report on Friday, October 20th. Robert W. Baird restated a “hold” rating and issued a $77.00 target price on shares of Bunge Limited in a report on Friday, October 13th. TheStreet lowered Bunge Limited from a “b-” rating to a “c+” rating in a report on Tuesday, October 10th. Finally, Piper Jaffray Companies set a $86.00 target price on Bunge Limited and gave the company a “buy” rating in a report on Friday, October 6th.
Several large investors have recently made changes to their positions in BG. New York State Teachers Retirement System purchased a new stake in shares of Bunge Limited during the first quarter worth $975,000. HighTower Advisors LLC purchased a new stake in shares of Bunge Limited during the first quarter worth $235,000. Creative Planning raised its holdings in shares of Bunge Limited by 99.0% during the second quarter. Creative Planning now owns 1,652 shares of the basic materials company’s stock worth $123,000 after acquiring an additional 822 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its holdings in shares of Bunge Limited by 508.8% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 22,641 shares of the basic materials company’s stock worth $1,689,000 after acquiring an additional 18,922 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its holdings in shares of Bunge Limited by 1.2% during the second quarter. Oregon Public Employees Retirement Fund now owns 69,544 shares of the basic materials company’s stock worth $5,188,000 after acquiring an additional 800 shares in the last quarter. Institutional investors and hedge funds own 78.70% of the company’s stock.
Bunge Limited (BG) traded up $0.18 on Friday, hitting $65.48. The stock had a trading volume of 1,213,544 shares, compared to its average volume of 1,262,450. The company has a market cap of $9,181.75, a price-to-earnings ratio of 21.99, a PEG ratio of 1.83 and a beta of 1.06. The company has a current ratio of 1.60, a quick ratio of 0.82 and a debt-to-equity ratio of 0.60. Bunge Limited has a 1-year low of $63.87 and a 1-year high of $83.75.
Bunge Limited (NYSE:BG) last released its quarterly earnings data on Wednesday, November 1st. The basic materials company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.04). The company had revenue of $11.42 billion for the quarter, compared to the consensus estimate of $11.87 billion. Bunge Limited had a return on equity of 6.68% and a net margin of 1.06%. The business’s revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.73 earnings per share. equities research analysts expect that Bunge Limited will post 2.97 EPS for the current fiscal year.
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Bunge Limited Company Profile
Bunge Limited is an agribusiness and food company with integrated operations that stretch from the farm field to consumer foods. The Company operates through five segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. Its Agribusiness segment is an integrated, global business involved in the purchase, storage, transport, processing and sale of agricultural commodities and commodity products.
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