Bunge Global (NYSE:BG) Hits New 1-Year High – Time to Buy?

Shares of Bunge Global SA (NYSE:BG) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $129.00 and last traded at $128.3190, with a volume of 294922 shares changing hands. The stock had previously closed at $125.76.

Analysts Set New Price Targets

Several equities research analysts have recently commented on BG shares. UBS Group reissued a “buy” rating on shares of Bunge Global in a research note on Wednesday, March 11th. Zacks Research cut Bunge Global from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. Bank of America lifted their price objective on 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 report on Tuesday, December 2nd. Finally, Stephens restated an “overweight” rating and issued a $130.00 price target on shares of Bunge Global in a research report on Thursday, February 5th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Bunge Global currently has an average rating of “Moderate Buy” and an average price target of $124.10.

Bunge Global Stock Up 2.3%

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 firm’s 50-day moving average price is $119.22 and its 200 day moving average price is $100.98. The firm has a market capitalization of $24.90 billion, a price-to-earnings ratio of 23.74, a price-to-earnings-growth ratio of 0.81 and a beta of 0.75.

Bunge Global (NYSE:BG) last issued its quarterly earnings data on Wednesday, February 4th. The basic materials company reported $1.99 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $23.76 billion during the quarter, compared to the consensus estimate of $23 billion. During the same period in the previous year, the firm posted $2.13 EPS. The company’s quarterly revenue was up 75.5% compared to the same quarter last year. Bunge Global has set its FY 2026 guidance at 7.500-8.000 EPS. Sell-side analysts expect that Bunge Global SA will post 7.94 EPS for the current year.

Institutional Trading of Bunge Global

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quest 10 Wealth Builders Inc. acquired a new stake in shares of Bunge Global during the fourth quarter valued at $27,000. Foster Dykema Cabot & Partners LLC purchased a new position in Bunge Global in the 3rd quarter valued at about $25,000. CoreCap Advisors LLC lifted its holdings in 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 purchasing an additional 300 shares in the last quarter. Root Financial Partners LLC acquired a new stake in shares of Bunge Global during the 3rd quarter worth about $28,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of Bunge Global during the 2nd quarter worth about $31,000. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Bunge Global Company Profile

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.