Barclays Cuts Bunge Global (NYSE:BG) Price Target to $85.00

Bunge Global (NYSE:BG - Free Report) had its price objective trimmed by Barclays from $95.00 to $85.00 in a report published on Thursday morning,Benzinga reports. The firm currently has an equal weight rating on the basic materials company's stock.

Separately, Stephens lowered their target price on Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Bunge Global currently has a consensus rating of "Moderate Buy" and an average price target of $107.50.

Bunge Global Price Performance

BG stock traded down $0.50 during trading on Thursday, reaching $69.10. The company's stock had a trading volume of 1,980,321 shares, compared to its average volume of 1,601,274. The company has a quick ratio of 1.10, a current ratio of 2.15 and a debt-to-equity ratio of 0.43. The company's fifty day moving average is $79.34 and its 200-day moving average is $89.56. The company has a market capitalization of $9.65 billion, a P/E ratio of 8.55 and a beta of 0.69. Bunge Global has a 1 year low of $67.40 and a 1 year high of $114.92.

Bunge Global (NYSE:BG - Get Free Report) last released its earnings results on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.17). Bunge Global had a return on equity of 11.73% and a net margin of 2.14%. On average, research analysts expect that Bunge Global will post 7.75 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bunge Global

Hedge funds have recently added to or reduced their stakes in the company. Creative Planning lifted its position in shares of Bunge Global by 19.1% during the second quarter. Creative Planning now owns 6,906 shares of the basic materials company's stock worth $737,000 after purchasing an additional 1,108 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Bunge Global by 2.1% during the 2nd quarter. Cetera Investment Advisers now owns 19,101 shares of the basic materials company's stock valued at $2,039,000 after buying an additional 402 shares in the last quarter. AMF Tjanstepension AB boosted its position in Bunge Global by 59.3% in the 3rd quarter. AMF Tjanstepension AB now owns 106,384 shares of the basic materials company's stock valued at $10,281,000 after buying an additional 39,600 shares during the period. Czech National Bank grew its stake in Bunge Global by 6.9% in the 3rd quarter. Czech National Bank now owns 28,855 shares of the basic materials company's stock worth $2,789,000 after acquiring an additional 1,872 shares in the last quarter. Finally, Mather Group LLC. increased its position in shares of Bunge Global by 153.3% during the third quarter. Mather Group LLC. now owns 2,135 shares of the basic materials company's stock worth $206,000 after acquiring an additional 1,292 shares during the period. 86.23% of the stock is currently owned by institutional investors.

About Bunge Global

Bunge Global SA operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. 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 grains comprising wheat and corn; and processes oilseeds into vegetable oils and protein meals.