Analysts Set Bunge Global SA (NYSE:BG) PT at $93.00

Shares of Bunge Global SA (NYSE:BG - Get Free Report) have earned a consensus rating of "Moderate Buy" from the five brokerages that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $93.00.

Several research analysts have weighed in on the company. Morgan Stanley dropped their target price on Bunge Global from $90.00 to $74.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 11th. Bank of America dropped their target price on Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a research report on Tuesday, February 11th. Barclays dropped their target price on Bunge Global from $95.00 to $85.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. Finally, Stephens dropped their target price on Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd.

Institutional Trading of Bunge Global

Several large investors have recently made changes to their positions in BG. Pacer Advisors Inc. boosted its stake in shares of Bunge Global by 13,459.9% during the 4th quarter. Pacer Advisors Inc. now owns 2,956,459 shares of the basic materials company's stock worth $229,894,000 after acquiring an additional 2,934,656 shares in the last quarter. Norges Bank bought a new stake in shares of Bunge Global during the 4th quarter worth about $148,857,000. Voloridge Investment Management LLC boosted its stake in shares of Bunge Global by 443.2% during the 4th quarter. Voloridge Investment Management LLC now owns 1,215,320 shares of the basic materials company's stock worth $94,503,000 after acquiring an additional 991,607 shares in the last quarter. Invesco Ltd. boosted its stake in Bunge Global by 28.6% during the 4th quarter. Invesco Ltd. now owns 3,206,646 shares of the basic materials company's stock valued at $249,349,000 after purchasing an additional 713,561 shares during the period. Finally, FMR LLC boosted its stake in Bunge Global by 25.3% during the 4th quarter. FMR LLC now owns 3,465,636 shares of the basic materials company's stock valued at $269,488,000 after purchasing an additional 699,889 shares during the period. Institutional investors own 86.23% of the company's stock.

Bunge Global Trading Up 2.6 %

Shares of NYSE BG traded up $1.86 during mid-day trading on Tuesday, hitting $73.12. 1,974,102 shares of the company traded hands, compared to its average volume of 1,634,849. Bunge Global has a 1 year low of $67.40 and a 1 year high of $114.92. The stock has a market capitalization of $10.21 billion, a price-to-earnings ratio of 9.05, a PEG ratio of 2.56 and a beta of 0.69. The company has a quick ratio of 1.27, a current ratio of 2.15 and a debt-to-equity ratio of 0.43. The business has a 50 day moving average of $76.49 and a two-hundred day moving average of $87.40.

Bunge Global (NYSE:BG - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share 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%. On average, sell-side analysts anticipate that Bunge Global will post 7.94 earnings per share for the current fiscal year.

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.