News coverage about Bunge (NYSE:BG) has trended somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Bunge earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave media coverage about the basic materials company an impact score of 46.2382008505978 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern’s analysis:
- Stock’s Risk Factors in the Spotlight – Bunge Limited (NYSE: BG) – Stock Trading Point (press release) (stocktradingpoint.com)
- Bunge (BG) Issues Statement Regarding Resolution of 199a Issue – StreetInsider.com (streetinsider.com)
- Bunge statement regarding resolution of 199a issue (finance.yahoo.com)
- These Stocks Could Have the Most to Lose in a Trump Trade War With China – TheStreet.com (thestreet.com)
- [$$] U.S. Farm Sector Looks Warily at China Tariff Threats (finance.yahoo.com)
Several equities research analysts recently weighed in on BG shares. Citigroup upgraded Bunge from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $77.99 to $89.00 in a report on Tuesday, March 6th. Credit Suisse Group restated a “buy” rating and issued a $84.00 target price on shares of Bunge in a report on Friday, February 16th. Vertical Group upgraded Bunge from a “hold” rating to a “buy” rating in a report on Thursday, December 14th. Piper Jaffray Companies restated a “buy” rating on shares of Bunge in a report on Thursday, February 15th. Finally, Zacks Investment Research upgraded Bunge from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. Bunge currently has an average rating of “Buy” and a consensus price target of $85.50.
Bunge (NYSE:BG) last posted its earnings results on Wednesday, February 14th. The basic materials company reported $0.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.48 by ($0.81). Bunge had a return on equity of 4.36% and a net margin of 0.35%. The company had revenue of $11.61 billion during the quarter, compared to analyst estimates of $12.57 billion. During the same quarter last year, the firm posted $1.70 earnings per share. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. research analysts expect that Bunge will post 3.9 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 4th. Stockholders of record on Wednesday, March 21st will be issued a dividend of $0.46 per share. The ex-dividend date is Friday, May 18th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.54%. Bunge’s dividend payout ratio (DPR) is presently 206.74%.
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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.
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