Stephens Raises Bunge Global (NYSE:BG) Price Target to $115.00

Bunge Global (NYSE:BG) had its price objective increased by equities researchers at Stephens from $85.00 to $115.00 in a research note issued on Friday, Marketbeat.com reports. The brokerage presently has an “overweight” rating on the basic materials company’s stock. Stephens’ price target indicates a potential upside of 17.92% from the stock’s current price.

A number of other brokerages also recently issued reports on BG. Weiss Ratings restated a “hold (c)” rating on shares of Bunge Global in a research report on Wednesday, October 8th. Morgan Stanley raised their price objective on Bunge Global from $74.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 12th. BMO Capital Markets lifted their target price on Bunge Global from $95.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, JPMorgan Chase & Co. lifted their target price on Bunge Global from $95.00 to $107.00 and gave the stock an “overweight” rating in a report on Thursday. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $94.86.

Bunge Global Price Performance

Shares of BG opened at $97.52 on Friday. Bunge Global has a 1 year low of $67.40 and a 1 year high of $98.23. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.07 and a quick ratio of 1.29. The company has a market capitalization of $19.51 billion, a price-to-earnings ratio of 9.74, a price-to-earnings-growth ratio of 8.34 and a beta of 0.66. The business has a 50-day moving average of $83.08 and a 200-day moving average of $79.98.

Bunge Global (NYSE:BG) last issued its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.12. Bunge Global had a return on equity of 9.16% and a net margin of 2.71%.The company had revenue of $12.77 billion during the quarter, compared to the consensus estimate of $12.57 billion. During the same period last year, the company earned $1.73 earnings per share. The firm’s revenue was down 3.6% compared to the same quarter last year. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. As a group, equities research analysts anticipate that Bunge Global will post 7.94 earnings per share for the current year.

Insiders Place Their Bets

In other Bunge Global news, Director Christopher Mahoney bought 5,000 shares of the stock in a transaction on Monday, August 18th. The stock was acquired at an average cost of $81.73 per share, for a total transaction of $408,650.00. Following the completion of the acquisition, the director owned 7,164 shares in the company, valued at $585,513.72. This trade represents a 231.05% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.80% of the company’s stock.

Institutional Investors Weigh In On Bunge Global

Hedge funds and other institutional investors have recently modified their holdings of the company. Callan Family Office LLC bought a new stake in shares of Bunge Global during the second quarter valued at approximately $705,000. Centennial Wealth Advisory LLC bought a new stake in shares of Bunge Global during the second quarter valued at approximately $449,000. Inspire Investing LLC increased its holdings in shares of Bunge Global by 79.0% during the second quarter. Inspire Investing LLC now owns 7,355 shares of the basic materials company’s stock valued at $590,000 after acquiring an additional 3,246 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Bunge Global during the second quarter valued at approximately $29,000. Finally, Kingsview Wealth Management LLC bought a new stake in shares of Bunge Global during the first quarter valued at approximately $9,180,000. Institutional investors own 86.23% of the company’s stock.

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.