Bunge Ltd (BG) Receives Consensus Rating of “Hold” from Analysts
Bunge Ltd (NYSE:BG) has been assigned an average recommendation of “Hold” from the twelve research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $80.17.
A number of equities analysts have commented on the stock. Credit Suisse Group restated a “buy” rating and set a $84.00 price objective on shares of Bunge in a research report on Friday, February 16th. Piper Jaffray Companies restated a “buy” rating on shares of Bunge in a research report on Thursday, February 15th. Stephens upgraded shares of Bunge from an “equal weight” rating to an “overweight” rating in a report on Thursday, February 15th. Zacks Investment Research upgraded shares of Bunge from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 30th. Finally, Vertical Group upgraded shares of Bunge from a “hold” rating to a “buy” rating in a report on Thursday, December 14th.
Shares of Bunge (NYSE BG) traded down $1.18 during trading on Tuesday, reaching $75.17. 1,710,000 shares of the company’s stock were exchanged, compared to its average volume of 2,360,000. The stock has a market cap of $10,570.00, a P/E ratio of 67.12, a P/E/G ratio of 1.59 and a beta of 1.13. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.82 and a current ratio of 1.67. Bunge has a 52 week low of $63.87 and a 52 week high of $83.75.
The business also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Stockholders of record on Friday, February 16th were issued a $0.46 dividend. The ex-dividend date was Thursday, February 15th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.45%. Bunge’s dividend payout ratio is presently 164.29%.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Xact Kapitalforvaltning AB grew its stake in Bunge by 3.7% in the 4th quarter. Xact Kapitalforvaltning AB now owns 24,541 shares of the basic materials company’s stock valued at $1,646,000 after acquiring an additional 876 shares during the last quarter. J. Goldman & Co LP acquired a new stake in Bunge in the 4th quarter valued at about $201,000. OLD Mutual Customised Solutions Proprietary Ltd. grew its stake in Bunge by 35.0% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 10,800 shares of the basic materials company’s stock valued at $724,000 after acquiring an additional 2,800 shares during the last quarter. Brookfield Asset Management Inc. grew its stake in Bunge by 118.2% in the 4th quarter. Brookfield Asset Management Inc. now owns 12,000 shares of the basic materials company’s stock valued at $805,000 after acquiring an additional 6,500 shares during the last quarter. Finally, Fairpointe Capital LLC grew its stake in Bunge by 45.1% in the 4th quarter. Fairpointe Capital LLC now owns 1,334,905 shares of the basic materials company’s stock valued at $89,546,000 after acquiring an additional 415,058 shares during the last quarter. 76.99% of the stock is currently owned by hedge funds and other institutional investors.
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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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