Bunge Global SA (NYSE:BG) Receives $126.60 Consensus PT from Brokerages

Bunge Global SA (NYSE:BG) has received a consensus rating of “Moderate Buy” from the eleven research firms that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $126.60.

BG has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Bunge Global from $130.00 to $134.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 24th. BMO Capital Markets raised their price target on shares of Bunge Global from $135.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, March 31st. Barclays lifted their price objective on shares of Bunge Global from $135.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday. Weiss Ratings lowered shares of Bunge Global from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday, February 23rd. Finally, Morgan Stanley raised their target price on Bunge Global from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 11th.

Bunge Global Price Performance

NYSE:BG opened at $129.34 on Thursday. The business’s 50-day moving average is $120.91 and its 200 day moving average is $102.59. 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 $131.50. The company has a market capitalization of $25.03 billion, a P/E ratio of 23.86, a P/E/G ratio of 0.81 and a beta of 0.71.

Bunge Global (NYSE:BG) last issued its quarterly 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 business had revenue of $23.76 billion during the quarter, compared to the consensus estimate of $23 billion. During the same quarter last year, the company earned $2.13 earnings per share. The company’s quarterly revenue was up 75.5% on a year-over-year basis. Bunge Global has set its FY 2026 guidance at 7.500-8.000 EPS. On average, equities research analysts forecast that Bunge Global will post 7.94 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. United Services Automobile Association acquired a new stake in shares of Bunge Global during the first quarter worth about $223,000. Woodline Partners LP increased its holdings in Bunge Global by 34.5% in the 1st quarter. Woodline Partners LP now owns 11,278 shares of the basic materials company’s stock worth $862,000 after buying an additional 2,893 shares during the period. Focus Partners Wealth raised its position in Bunge Global by 16.7% during the 1st quarter. Focus Partners Wealth now owns 4,046 shares of the basic materials company’s stock worth $309,000 after buying an additional 580 shares during the last quarter. Prudential Financial Inc. raised its position in Bunge Global by 11.8% during the 2nd quarter. Prudential Financial Inc. now owns 22,960 shares of the basic materials company’s stock worth $1,843,000 after buying an additional 2,421 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Bunge Global by 14.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 72,311 shares of the basic materials company’s stock valued at $5,806,000 after acquiring an additional 9,052 shares during the period. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

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.