Bunge Global (NYSE:BG) Price Target Raised to $77.00

Bunge Global (NYSE:BG - Free Report) had its price target raised by Citigroup from $76.00 to $77.00 in a report published on Tuesday morning,Benzinga reports. Citigroup currently has a neutral rating on the basic materials company's stock.

Other equities research analysts have also issued research reports about the stock. Barclays cut their price target on shares of Bunge Global from $95.00 to $85.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Morgan Stanley cut their target price on shares of Bunge Global from $90.00 to $74.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 11th. Bank of America dropped their price objective on shares of Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Finally, Stephens lowered their price target on shares of Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Bunge Global currently has an average rating of "Moderate Buy" and a consensus target price of $85.60.

Bunge Global Price Performance

BG traded up $2.53 on Tuesday, reaching $78.91. The company had a trading volume of 1,583,532 shares, compared to its average volume of 1,591,511. The company has a current ratio of 2.15, a quick ratio of 1.27 and a debt-to-equity ratio of 0.43. The company has a fifty day moving average of $73.91 and a 200-day moving average of $80.61. Bunge Global has a one year low of $67.40 and a one year high of $114.92. The company has a market capitalization of $10.57 billion, a P/E ratio of 9.77, a PEG ratio of 2.66 and a beta of 0.59.

Bunge Global (NYSE:BG - Get Free Report) last released its earnings results on Wednesday, February 5th. The basic materials company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.17). Bunge Global had a net margin of 2.14% and a return on equity of 11.73%. As a group, equities research analysts anticipate that Bunge Global will post 7.94 earnings per share for the current year.

Hedge Funds Weigh In On Bunge Global

Institutional investors have recently modified their holdings of the stock. Spire Wealth Management bought a new stake in Bunge Global in the 4th quarter valued at $26,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Bunge Global in the 3rd quarter valued at about $34,000. UMB Bank n.a. lifted its stake in Bunge Global by 163.1% in the 1st quarter. UMB Bank n.a. now owns 421 shares of the basic materials company's stock valued at $32,000 after purchasing an additional 261 shares during the last quarter. Riverview Trust Co lifted its position in shares of Bunge Global by 130.8% in the first quarter. Riverview Trust Co now owns 450 shares of the basic materials company's stock valued at $34,000 after buying an additional 255 shares during the last quarter. Finally, Crews Bank & Trust acquired a new stake in shares of Bunge Global during the fourth quarter worth $39,000. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Bunge Global Company Profile

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.