Bunge Global SA (NYSE:BG) Receives Average Recommendation of “Moderate Buy” from Analysts

Bunge Global SA (NYSE:BG) has earned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $120.90.

A number of equities analysts recently commented on the company. Barclays lifted their price objective on Bunge Global from $120.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. Morgan Stanley restated an “overweight” rating and issued a $130.00 target price on shares of Bunge Global in a report on Thursday. BMO Capital Markets reaffirmed an “outperform” rating and issued a $130.00 target price on shares of Bunge Global in a research note on Thursday, February 5th. Stephens reiterated an “overweight” rating and set a $130.00 price target on shares of Bunge Global in a report on Thursday, February 5th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Bunge Global from $109.00 to $117.00 and gave the company an “overweight” rating in a research report on Tuesday, February 3rd.

Hedge Funds Weigh In On Bunge Global

Several institutional investors and hedge funds have recently bought and sold shares of BG. Glencore plc boosted its position in shares of Bunge Global by 100.0% during the 4th quarter. Glencore plc now owns 65,612,206 shares of the basic materials company’s stock worth $5,844,735,000 after purchasing an additional 32,806,103 shares during the period. Vanguard Group Inc. raised its position in Bunge Global by 4.6% in the fourth quarter. Vanguard Group Inc. now owns 17,570,009 shares of the basic materials company’s stock valued at $1,565,136,000 after purchasing an additional 777,805 shares during the period. Capital World Investors lifted its stake in Bunge Global by 2.5% during the fourth quarter. Capital World Investors now owns 16,602,320 shares of the basic materials company’s stock worth $1,478,960,000 after purchasing an additional 402,320 shares in the last quarter. State Street Corp lifted its stake in Bunge Global by 0.3% during the fourth quarter. State Street Corp now owns 6,940,141 shares of the basic materials company’s stock worth $618,260,000 after purchasing an additional 18,819 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Bunge Global by 2.3% during the second quarter. Geode Capital Management LLC now owns 3,535,869 shares of the basic materials company’s stock worth $282,683,000 after buying an additional 80,082 shares during the period. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Bunge Global Stock Up 3.1%

Shares of NYSE BG opened at $116.70 on Friday. The stock has a market cap of $22.58 billion, a PE ratio of 21.53, a P/E/G ratio of 0.74 and a beta of 0.75. The company has a current ratio of 1.61, a quick ratio of 0.74 and a debt-to-equity ratio of 0.51. Bunge Global has a 12-month low of $68.33 and a 12-month high of $124.78. The company has a 50-day moving average of $111.27 and a 200 day moving average of $96.85.

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

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.