Bunge Limited (BG) Receives $81.86 Average Target Price from Analysts

Shares of Bunge Limited (NYSE:BG) have been assigned a consensus rating of “Hold” from the twelve ratings firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $81.86.

BG has been the subject of a number of analyst reports. Vertical Group upgraded Bunge from a “hold” rating to a “buy” rating in a research report on Thursday. BMO Capital Markets reissued a “buy” rating and issued a $87.00 price objective on shares of Bunge in a research report on Monday, November 6th. Piper Jaffray Companies set a $86.00 price objective on shares of Bunge and gave the stock a “buy” rating in a research report on Friday, October 6th. Credit Suisse Group reissued a “buy” rating and issued a $90.00 price objective on shares of Bunge in a research report on Friday, September 15th. Finally, TheStreet lowered shares of Bunge from a “b-” rating to a “c+” rating in a research report on Tuesday, October 10th.

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Bunge by 9.3% during the 2nd quarter. Vanguard Group Inc. now owns 14,450,143 shares of the basic materials company’s stock worth $1,077,980,000 after acquiring an additional 1,224,073 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Bunge by 2.0% during the third quarter. Dimensional Fund Advisors LP now owns 2,201,141 shares of the basic materials company’s stock valued at $152,892,000 after purchasing an additional 42,428 shares during the last quarter. York Capital Management Global Advisors LLC acquired a new stake in Bunge during the second quarter valued at approximately $136,703,000. TIAA CREF Investment Management LLC lifted its stake in Bunge by 15.5% during the second quarter. TIAA CREF Investment Management LLC now owns 1,092,286 shares of the basic materials company’s stock valued at $81,485,000 after purchasing an additional 146,806 shares during the last quarter. Finally, Teachers Advisors LLC lifted its stake in Bunge by 5.5% during the second quarter. Teachers Advisors LLC now owns 1,085,769 shares of the basic materials company’s stock valued at $80,998,000 after purchasing an additional 56,527 shares during the last quarter. Institutional investors and hedge funds own 79.86% of the company’s stock.

Bunge (BG) traded up $1.57 during trading hours on Thursday, hitting $67.69. The company had a trading volume of 1,779,876 shares, compared to its average volume of 1,400,083. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.60 and a quick ratio of 0.82. Bunge has a 12-month low of $63.87 and a 12-month high of $83.75. The stock has a market capitalization of $9,517.82, a PE ratio of 22.79, a P/E/G ratio of 1.90 and a beta of 1.05.

Bunge (NYSE:BG) last released its earnings results on Wednesday, November 1st. The basic materials company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.04). The business had revenue of $11.42 billion for the quarter, compared to analysts’ expectations of $11.87 billion. Bunge had a return on equity of 6.68% and a net margin of 1.06%. The business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.73 EPS. research analysts predict that Bunge will post 2.97 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 16th will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $1.84 dividend on an annualized basis and a yield of 2.72%. Bunge’s payout ratio is 57.68%.

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Bunge Company Profile

Bunge Limited is an agribusiness and food company with integrated operations that stretch from the farm field to consumer foods. The Company operates through five segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. Its Agribusiness segment is an integrated, global business involved in the purchase, storage, transport, processing and sale of agricultural commodities and commodity products.

Analyst Recommendations for Bunge (NYSE:BG)

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