StockNews.com Begins Coverage on Bunge (NYSE:BG)

Equities research analysts at StockNews.com began coverage on shares of Bunge (NYSE:BG – Get Rating) in a report released on Thursday. The brokerage set a “buy” rating on the basic materials company’s stock.

Several other research analysts have also recently weighed in on the stock. Robert W. Baird cut shares of Bunge from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $127.00 to $115.00 in a report on Thursday, February 9th. UBS Group started coverage on shares of Bunge in a report on Tuesday, December 13th. They set a “buy” rating and a $133.00 price target on the stock. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $125.13.

Bunge Price Performance

NYSE BG opened at $96.79 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.75 and a quick ratio of 0.87. The stock’s 50-day moving average is $97.74 and its two-hundred day moving average is $95.99. The firm has a market cap of $14.51 billion, a P/E ratio of 9.20 and a beta of 0.66. Bunge has a fifty-two week low of $80.41 and a fifty-two week high of $128.40.

Bunge (NYSE:BG – Get Rating) last announced its earnings results on Wednesday, February 8th. The basic materials company reported $3.24 EPS for the quarter, topping the consensus estimate of $3.19 by $0.05. Bunge had a return on equity of 22.89% and a net margin of 2.39%. The business had revenue of $16.66 billion for the quarter, compared to the consensus estimate of $18.20 billion. During the same period in the previous year, the business earned $3.49 EPS. Bunge’s revenue was down .1% compared to the same quarter last year. On average, analysts anticipate that Bunge will post 11.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bunge

Several institutional investors and hedge funds have recently modified their holdings of BG. Raymond James Financial Services Advisors Inc. increased its holdings in Bunge by 12.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 17,858 shares of the basic materials company’s stock worth $1,979,000 after buying an additional 1,994 shares during the period. HighTower Advisors LLC purchased a new position in Bunge during the 1st quarter valued at about $494,000. Yousif Capital Management LLC boosted its holdings in Bunge by 6.5% during the 1st quarter. Yousif Capital Management LLC now owns 8,767 shares of the basic materials company’s stock valued at $971,000 after acquiring an additional 535 shares during the period. Prudential PLC purchased a new position in Bunge during the 1st quarter valued at about $530,000. Finally, Vanguard Group Inc. boosted its stake in shares of Bunge by 5.2% in the 1st quarter. Vanguard Group Inc. now owns 14,105,841 shares of the basic materials company’s stock valued at $1,563,069,000 after buying an additional 696,806 shares during the period. Institutional investors own 82.62% of the company’s stock.

Bunge Company Profile

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Bunge Ltd. operates as a holding company. engages in the supply and transportation of agricultural commodities. It operates through the following segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment is involved in the purchase, storage, transportation, processing, and sale of agricultural commodities and commodity products.