Brokerages Set Bunge Global SA (NYSE:BG) Price Target at $118.00

Shares of Bunge Global SA (NYSE:BG - Get Free Report) have received an average rating of "Moderate Buy" from the eight brokerages that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $118.00.

Separately, Citigroup downgraded Bunge Global from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $125.00 to $114.00 in a research note on Thursday, August 1st.

Bunge Global Stock Performance

Shares of BG traded down $6.05 during mid-day trading on Friday, reaching $89.55. The company had a trading volume of 5,321,341 shares, compared to its average volume of 1,486,370. Bunge Global has a 52-week low of $86.10 and a 52-week high of $114.92. The company has a quick ratio of 0.97, a current ratio of 2.03 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $12.68 billion, a P/E ratio of 7.21 and a beta of 0.64. The stock has a 50 day moving average of $97.41 and a two-hundred day moving average of $102.91.

Bunge Global (NYSE:BG - Get Free Report) last issued its earnings results on Wednesday, July 31st. The basic materials company reported $1.73 EPS for the quarter, missing analysts' consensus estimates of $1.79 by ($0.06). Bunge Global had a return on equity of 14.84% and a net margin of 2.33%. The company had revenue of $13.24 billion during the quarter, compared to analysts' expectations of $14.30 billion. During the same quarter in the previous year, the company earned $3.72 EPS. The firm's quarterly revenue was down 12.0% compared to the same quarter last year. On average, analysts expect that Bunge Global will post 9.3 earnings per share for the current year.

Hedge Funds Weigh In On Bunge Global

A number of large investors have recently bought and sold shares of the business. Mather Group LLC. lifted its position in shares of Bunge Global by 12.4% in the second quarter. Mather Group LLC. now owns 843 shares of the basic materials company's stock valued at $86,000 after acquiring an additional 93 shares in the last quarter. RFG Advisory LLC lifted its position in shares of Bunge Global by 3.9% in the first quarter. RFG Advisory LLC now owns 2,589 shares of the basic materials company's stock valued at $265,000 after acquiring an additional 96 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Bunge Global by 52.3% in the second quarter. Blue Trust Inc. now owns 297 shares of the basic materials company's stock valued at $30,000 after acquiring an additional 102 shares in the last quarter. CWM LLC lifted its position in shares of Bunge Global by 4.1% in the first quarter. CWM LLC now owns 2,778 shares of the basic materials company's stock valued at $285,000 after acquiring an additional 110 shares in the last quarter. Finally, Ballentine Partners LLC lifted its position in shares of Bunge Global by 2.0% in the second quarter. Ballentine Partners LLC now owns 5,761 shares of the basic materials company's stock valued at $615,000 after acquiring an additional 111 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company's stock.

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.