Stephens Cuts Bunge Global (NYSE:BG) Price Target to $105.00

Bunge Global (NYSE:BG - Free Report) had its price target reduced by Stephens from $110.00 to $105.00 in a research report released on Monday.

Separately, Barclays lowered Bunge Global from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $115.00 to $95.00 in a research report on Tuesday, January 21st. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Bunge Global currently has an average rating of "Moderate Buy" and an average target price of $109.17.

Bunge Global Stock Down 1.0 %

BG traded down $0.71 during trading hours on Monday, hitting $69.16. 3,336,006 shares of the company's stock were exchanged, compared to its average volume of 1,591,928. The company has a quick ratio of 1.10, a current ratio of 2.07 and a debt-to-equity ratio of 0.43. Bunge Global has a 1-year low of $67.40 and a 1-year high of $114.92. The stock's 50-day moving average is $79.74 and its two-hundred day moving average is $90.16. The stock has a market cap of $9.66 billion, a price-to-earnings ratio of 8.75 and a beta of 0.69.

Bunge Global (NYSE:BG - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The basic materials company reported $2.13 EPS for the quarter, missing analysts' consensus estimates of $2.30 by ($0.17). Bunge Global had a return on equity of 13.71% and a net margin of 2.11%. Sell-side analysts predict that Bunge Global will post 9.35 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BG. Spire Wealth Management bought a new position in Bunge Global during the fourth quarter worth $26,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Bunge Global during the 3rd quarter worth about $34,000. Crews Bank & Trust bought a new stake in shares of Bunge Global during the 4th quarter worth about $39,000. Farther Finance Advisors LLC grew its stake in Bunge Global by 40.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company's stock valued at $42,000 after buying an additional 124 shares during the last quarter. Finally, R Squared Ltd bought a new position in Bunge Global in the 4th quarter valued at about $45,000. 86.23% of the stock is 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.