Bunge Limited (BG) Earning Favorable Press Coverage, Accern Reports
News stories about Bunge Limited (NYSE:BG) have trended positive this week, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Bunge Limited earned a media sentiment score of 0.27 on Accern’s scale. Accern also assigned media coverage about the basic materials company an impact score of 46.4956857244485 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
- Bunge Ltd. breached its 50 day moving average in a Bearish Manner : BG-US : August 14, 2017 (finance.yahoo.com)
- Bunge Limited (NYSE:BG) Receives Consensus Rating of “Hold” from Analysts (americanbankingnews.com)
- Bunge Limited’s (BG) “Buy” Rating Reiterated at Piper Jaffray Companies (footballhebdo.com)
- Bunge Limited (BG) Position Boosted by Harbour Capital Advisors LLC (campdesrecrues.com)
- Bunge Limited (NYSE:BG) Position Lowered by Janus Capital Management LLC (overnewsmagazine.com)
Shares of Bunge Limited (BG) opened at 77.16 on Wednesday. The company has a market capitalization of $10.85 billion, a P/E ratio of 22.06 and a beta of 1.02. Bunge Limited has a one year low of $58.19 and a one year high of $83.75. The firm has a 50-day moving average price of $77.39 and a 200-day moving average price of $76.79.
Bunge Limited (NYSE:BG) last released its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.07. Bunge Limited had a return on equity of 6.65% and a net margin of 1.12%. The business had revenue of $11.65 billion during the quarter, compared to analysts’ expectations of $10.88 billion. During the same quarter last year, the business posted $0.79 EPS. The business’s revenue was up 10.5% on a year-over-year basis. Equities analysts forecast that Bunge Limited will post $3.94 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Monday, November 20th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 2.38%. The ex-dividend date is Friday, November 17th. Bunge Limited’s dividend payout ratio (DPR) is currently 48.98%.
A number of equities analysts recently commented on BG shares. Zacks Investment Research lowered Bunge Limited from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 20th. Stephens downgraded Bunge Limited from an “overweight” rating to an “equal weight” rating in a report on Wednesday, May 3rd. Credit Suisse Group reiterated a “hold” rating and issued a $80.00 target price on shares of Bunge Limited in a report on Thursday, May 25th. BMO Capital Markets reiterated a “buy” rating on shares of Bunge Limited in a report on Monday, May 15th. Finally, J P Morgan Chase & Co upgraded Bunge Limited from an “underweight” rating to a “neutral” rating and set a $70.00 target price for the company in a report on Thursday, May 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. Bunge Limited presently has an average rating of “Hold” and a consensus target price of $84.83.
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In other Bunge Limited news, insider Jerry Matthews Simmons, Jr. sold 2,636 shares of the stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $80.00, for a total value of $210,880.00. Following the completion of the sale, the insider now owns 20,214 shares in the company, valued at approximately $1,617,120. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.30% of the company’s stock.
About Bunge Limited
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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