Bunge (BG) Receiving Somewhat Favorable News Coverage, Report Shows

News coverage about Bunge (NYSE:BG) has been trending somewhat positive on Sunday, Accern Sentiment reports. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Bunge earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 45.9355601716041 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the news stories that may have impacted Accern Sentiment’s rankings:

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Shares of BG traded up $0.45 during mid-day trading on Friday, reaching $75.59. The company’s stock had a trading volume of 1,423,186 shares, compared to its average volume of 1,409,050. Bunge has a 12-month low of $63.87 and a 12-month high of $83.75. The company has a market cap of $10,635.51, a P/E ratio of 38.96 and a beta of 1.14. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.86 and a current ratio of 1.67.

Bunge (NYSE:BG) last released its quarterly earnings results on Wednesday, February 14th. The basic materials company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.81). The firm had revenue of $11.61 billion for the quarter, compared to analysts’ expectations of $12.57 billion. Bunge had a return on equity of 4.36% and a net margin of 0.35%. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.70 EPS. analysts predict that Bunge will post 3.87 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 4th. Investors of record on Wednesday, March 21st will be paid 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 yield of 2.43%. Bunge’s dividend payout ratio is presently 94.85%.

A number of research firms have recently commented on BG. Zacks Investment Research upgraded Bunge from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 30th. Citigroup upgraded Bunge from a “neutral” rating to a “buy” rating and increased their price objective for the company from $77.99 to $89.00 in a report on Tuesday, March 6th. Credit Suisse Group set a $84.00 price objective on Bunge and gave the company a “buy” rating in a report on Monday, January 22nd. Piper Jaffray reiterated a “buy” rating on shares of Bunge in a report on Thursday, February 15th. Finally, JPMorgan Chase upgraded Bunge from a “neutral” rating to an “overweight” rating and set a $90.00 price objective on the stock in a report on Wednesday, March 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. Bunge presently has a consensus rating of “Buy” and a consensus price target of $85.50.

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About Bunge

Bunge Limited operates as an agribusiness and food company worldwide. It operates through five segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grain, such as wheat and corn; and vegetable oils and protein meals.

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