Bunge Global (NYSE:BG) Price Target Raised to $134.00 at JPMorgan Chase & Co.

Bunge Global (NYSE:BG) had its price objective upped by JPMorgan Chase & Co. from $130.00 to $134.00 in a research note published on Tuesday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the basic materials company’s stock.

A number of other research analysts have also issued reports on the company. HSBC lifted their target price on Bunge Global from $80.00 to $116.00 and gave the stock a “hold” rating in a report on Tuesday, March 3rd. Bank of America boosted their target price on shares of Bunge Global from $112.00 to $119.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Citigroup reissued a “buy” rating on shares of Bunge Global in a research note on Tuesday, December 2nd. Stephens restated an “overweight” rating and set a $130.00 target price on shares of Bunge Global in a report on Thursday, February 5th. Finally, Zacks Research lowered shares of Bunge Global from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $124.10.

Bunge Global Stock Performance

BG opened at $124.05 on Tuesday. The business has a 50 day moving average price of $118.07 and a two-hundred day moving average price of $100.20. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.61 and a quick ratio of 0.74. The company has a market capitalization of $24.00 billion, a price-to-earnings ratio of 22.89, a price-to-earnings-growth ratio of 0.77 and a beta of 0.75. Bunge Global has a 1-year low of $68.33 and a 1-year high of $128.46.

Bunge Global (NYSE:BG) last issued its quarterly earnings results on Wednesday, February 4th. The basic materials company reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.17. Bunge Global had a return on equity of 8.69% and a net margin of 1.16%.The company had revenue of $23.76 billion for the quarter, compared to analysts’ expectations of $23 billion. During the same period last year, the firm earned $2.13 EPS. The firm’s revenue for the quarter was up 75.5% on a year-over-year basis. Bunge Global has set its FY 2026 guidance at 7.500-8.000 EPS. Research analysts predict that Bunge Global will post 7.94 EPS for the current fiscal year.

Institutional Trading of Bunge Global

A number of hedge funds have recently bought and sold shares of the company. Quest 10 Wealth Builders Inc. purchased a new position in shares of Bunge Global in the fourth quarter worth approximately $27,000. Foster Dykema Cabot & Partners LLC purchased a new stake in shares of Bunge Global in the 3rd quarter valued at approximately $25,000. CoreCap Advisors LLC lifted its position in shares of Bunge Global by 2,000.0% in the 3rd quarter. CoreCap Advisors LLC now owns 315 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 300 shares in the last quarter. Root Financial Partners LLC acquired a new position in Bunge Global in the 3rd quarter worth approximately $28,000. Finally, CYBER HORNET ETFs LLC acquired a new position in Bunge Global in the 2nd quarter worth approximately $31,000. 86.23% of the stock is owned by hedge funds and other institutional investors.

About Bunge Global

Bunge Global is a leading agribusiness and food company that processes oilseeds and grains, produces sugar and bioenergy, and supplies fertilizers and other agricultural inputs. The company operates an integrated value chain that spans origination, processing, and distribution, enabling it to serve food processors, livestock producers, and retail customers worldwide. Through its network of processing plants, port terminals and logistics assets, Bunge handles a diverse portfolio of commodities, including soybeans, corn, wheat, vegetable oils, and sugarcane.

The company’s core business activities are organized into agribusiness and food & ingredients segments.