Bunge Global (NYSE:BG) Price Target Raised to $145.00 at Barclays

Bunge Global (NYSE:BG) had its price objective lifted by Barclays from $135.00 to $145.00 in a report published on Wednesday morning, Marketbeat reports. Barclays currently has an overweight rating on the basic materials company’s stock.

BG has been the topic of a number of other research reports. JPMorgan Chase & Co. lifted their price target on shares of Bunge Global from $130.00 to $134.00 and gave the company an “overweight” rating in a report on Tuesday, March 24th. UBS Group restated a “buy” rating on shares of Bunge Global in a report on Wednesday, March 11th. Zacks Research lowered Bunge Global from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Bank of America lifted their target price on Bunge Global from $112.00 to $119.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Finally, Morgan Stanley upped their price target on Bunge Global from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 11th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $126.60.

Bunge Global Price Performance

NYSE:BG opened at $128.49 on Wednesday. Bunge Global has a 12-month low of $68.33 and a 12-month high of $131.50. The company’s 50-day moving average is $120.26 and its two-hundred day moving average is $101.93. The firm has a market cap of $24.86 billion, a price-to-earnings ratio of 23.71, a price-to-earnings-growth ratio of 0.80 and a beta of 0.70. 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 released its earnings results on Wednesday, February 4th. The basic materials company reported $1.99 earnings per share 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 for the quarter, compared to the consensus estimate of $23 billion. During the same period in the prior year, the business posted $2.13 earnings per share. The firm’s revenue for the quarter 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. Research analysts expect that Bunge Global will post 7.94 EPS for the current year.

Hedge Funds Weigh In On Bunge Global

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

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.