Shares of Bunge Ltd (NYSE:BG) have received an average rating of “Hold” from the seven analysts that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $72.50.

A number of research firms have commented on BG. ValuEngine cut Bunge from a “hold” rating to a “sell” rating in a research note on Saturday, December 1st. BMO Capital Markets reiterated an “outperform” rating on shares of Bunge in a research note on Friday, February 22nd. Zacks Investment Research cut Bunge from a “hold” rating to a “sell” rating in a research note on Wednesday, November 28th. Morgan Stanley decreased their price target on Bunge from $84.00 to $65.00 and set an “equal weight” rating for the company in a research note on Monday, February 25th. Finally, Credit Suisse Group restated an “outperform” rating and issued a $77.00 price objective on shares of Bunge in a research note on Tuesday, January 15th.

Bunge stock traded down $0.23 during midday trading on Friday, reaching $51.80. The company’s stock had a trading volume of 1,109,949 shares, compared to its average volume of 2,162,900. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.72 and a current ratio of 1.54. Bunge has a 52-week low of $48.89 and a 52-week high of $76.95. The stock has a market cap of $7.34 billion, a PE ratio of 19.04 and a beta of 0.93.

Bunge (NYSE:BG) last released its quarterly earnings results on Thursday, February 21st. The basic materials company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.11). Bunge had a net margin of 0.58% and a return on equity of 6.79%. The business had revenue of $11.54 billion during the quarter, compared to analysts’ expectations of $11.44 billion. During the same quarter last year, the business posted $0.67 earnings per share. The company’s quarterly revenue was down .5% compared to the same quarter last year. As a group, sell-side analysts predict that Bunge will post 2.79 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 20th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.86%. Bunge’s payout ratio is 73.53%.

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc raised its stake in shares of Bunge by 1.2% in the third quarter. Vanguard Group Inc now owns 13,753,274 shares of the basic materials company’s stock worth $944,988,000 after purchasing an additional 160,119 shares during the last quarter. BlackRock Inc. raised its position in Bunge by 5.7% during the fourth quarter. BlackRock Inc. now owns 8,990,722 shares of the basic materials company’s stock valued at $480,464,000 after acquiring an additional 486,365 shares in the last quarter. Franklin Resources Inc. raised its position in Bunge by 5.5% during the third quarter. Franklin Resources Inc. now owns 5,192,555 shares of the basic materials company’s stock valued at $356,780,000 after acquiring an additional 269,700 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in Bunge by 7,122.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,805,409 shares of the basic materials company’s stock valued at $71,000 after acquiring an additional 3,752,723 shares in the last quarter. Finally, Morgan Stanley raised its position in Bunge by 618.9% during the third quarter. Morgan Stanley now owns 3,620,854 shares of the basic materials company’s stock valued at $248,789,000 after acquiring an additional 3,117,218 shares in the last quarter. Hedge funds and other institutional investors own 81.50% of the company’s stock.

About Bunge

Bunge Limited operates as an agribusiness and food company worldwide. It operates through five segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grain, such as wheat and corn; and vegetable oils and protein meals.

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Analyst Recommendations for Bunge (NYSE:BG)

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