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:
- Brazilian Rail Scores Huge Profits With Grain (agprofessional.com)
- Let Analyse Simple Moving Averages – Bunge Limited (NYSE: BG) (stockspen.com)
- Effective Mover to See- Bunge Limited (BG) (nasdaqfortune.com)
- Bunge Limited, (NYSE: BG) – Technical Indicators & Active Traders (stocksnewstimes.com)
- Central’s Bunge to hit the links at Culver-Stockton (wgem.com)
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.
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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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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