HSBC Raises Bunge Global (NYSE:BG) Price Target to $116.00

Bunge Global (NYSE:BG) had its price target boosted by investment analysts at HSBC from $80.00 to $116.00 in a note issued to investors on Tuesday,MarketScreener reports. The firm presently has a “hold” rating on the basic materials company’s stock. HSBC’s price target points to a potential upside of 0.91% from the stock’s current price.

A number of other equities research analysts have also commented on the company. Barclays upped their target price on Bunge Global from $120.00 to $135.00 and gave the company an “overweight” rating in a research report on Thursday, February 5th. Zacks Research lowered shares of Bunge Global from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 27th. JPMorgan Chase & Co. raised their target price on shares of Bunge Global from $109.00 to $117.00 and gave the stock an “overweight” rating in a report on Tuesday, February 3rd. BMO Capital Markets reaffirmed an “outperform” rating and issued a $130.00 price target on shares of Bunge Global in a report on Thursday, February 5th. Finally, CICC Research increased their price target on Bunge Global from $90.00 to $110.00 in a research report on Friday, November 7th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $120.90.

Bunge Global Trading Down 1.4%

NYSE:BG opened at $114.95 on Tuesday. The company has a current ratio of 1.61, a quick ratio of 0.74 and a debt-to-equity ratio of 0.51. The firm has a fifty day simple moving average of $110.22 and a 200-day simple moving average of $96.37. Bunge Global has a 12 month low of $68.33 and a 12 month high of $124.78. The company has a market capitalization of $22.24 billion, a P/E ratio of 21.21, a PEG ratio of 0.74 and a beta of 0.75.

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

Institutional Trading of Bunge Global

Institutional investors have recently bought and sold shares of the business. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Bunge Global during the 3rd quarter worth approximately $25,000. CoreCap Advisors LLC increased 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 worth $26,000 after acquiring an additional 300 shares in the last quarter. Quest 10 Wealth Builders Inc. acquired a new position in Bunge Global during the fourth quarter worth $27,000. Root Financial Partners LLC acquired a new position in Bunge Global during the third quarter worth $28,000. Finally, CYBER HORNET ETFs LLC purchased a new position in Bunge Global during the second quarter valued at $31,000. 86.23% of the stock is owned by institutional investors and hedge funds.

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.