Bunge Global (NYSE:BG) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Bunge Global (NYSE:BG) had its price target boosted by analysts at BMO Capital Markets from $135.00 to $150.00 in a report released on Tuesday,MarketScreener reports. The firm presently has an “outperform” rating on the basic materials company’s stock. BMO Capital Markets’ target price would suggest a potential upside of 16.75% from the stock’s previous close.

A number of other equities research analysts have also issued reports on the company. 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. Morgan Stanley boosted their price objective on Bunge Global from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 11th. HSBC upped their target price on Bunge Global from $80.00 to $116.00 and gave the company a “hold” rating in a report on Tuesday, March 3rd. JPMorgan Chase & Co. raised their target price on Bunge Global from $130.00 to $134.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 24th. Finally, Citigroup reiterated a “buy” rating on shares of Bunge Global in a report on Tuesday, December 2nd. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $126.60.

Bunge Global Stock Performance

NYSE:BG opened at $128.49 on Tuesday. The company has a market cap of $24.86 billion, a P/E ratio of 23.71, a P/E/G ratio of 0.80 and a beta of 0.70. Bunge Global has a twelve month low of $68.33 and a twelve month high of $131.50. The company’s 50-day moving average price is $120.26 and its 200-day moving average price is $101.93. 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 (NYSE:BG) last announced its quarterly earnings data 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. The company had revenue of $23.76 billion during the quarter, compared to analysts’ expectations of $23 billion. Bunge Global had a net margin of 1.16% and a return on equity of 8.69%. Bunge Global’s revenue was up 75.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.13 EPS. Bunge Global has set its FY 2026 guidance at 7.500-8.000 EPS. On average, sell-side analysts forecast that Bunge Global will post 7.94 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bunge Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Glencore plc lifted its position in Bunge Global by 100.0% in the fourth quarter. Glencore plc now owns 65,612,206 shares of the basic materials company’s stock valued at $5,844,735,000 after buying an additional 32,806,103 shares during the last quarter. Norges Bank acquired a new stake in shares of Bunge Global during the second quarter valued at about $149,380,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Bunge Global by 168,119.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,165,764 shares of the basic materials company’s stock valued at $103,846,000 after acquiring an additional 1,165,071 shares during the period. Merewether Investment Management LP acquired a new position in shares of Bunge Global in the 3rd quarter worth approximately $74,888,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Bunge Global by 4.6% in the 4th quarter. Vanguard Group Inc. now owns 17,570,009 shares of the basic materials company’s stock worth $1,565,136,000 after acquiring an additional 777,805 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

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.