Piper Jaffray Companies reiterated their buy rating on shares of Bunge Limited (NYSE:BG) in a research note issued to investors on Friday morning. The brokerage currently has a $84.00 target price on the basic materials company’s stock.
A number of other analysts have also recently commented on the stock. Credit Suisse Group AG set a $90.00 target price on shares of Bunge Limited and gave the company a buy rating in a report on Tuesday. Zacks Investment Research cut shares of Bunge Limited from a hold rating to a sell rating in a report on Wednesday, July 12th. Citigroup Inc. reduced their target price on shares of Bunge Limited from $94.00 to $88.00 and set a buy rating for the company in a report on Wednesday, July 12th. J P Morgan Chase & Co cut shares of Bunge Limited to a neutral - underweight rating and set a $70.00 target price for the company. in a report on Tuesday, July 4th. Finally, BidaskClub raised shares of Bunge Limited from a sell rating to a hold rating in a report on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The company has an average rating of Buy and a consensus price target of $84.50.
Bunge Limited (BG) traded up 0.06% on Friday, hitting $79.63. 904,501 shares of the stock were exchanged. The company has a 50-day moving average of $77.31 and a 200-day moving average of $75.68. The stock has a market cap of $11.18 billion, a price-to-earnings ratio of 21.13 and a beta of 1.01. Bunge Limited has a 12 month low of $58.19 and a 12 month high of $83.75.
Bunge Limited (NYSE:BG) last released its quarterly earnings data on Wednesday, May 3rd. The basic materials company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.68 by $0.33. Bunge Limited had a net margin of 1.23% and a return on equity of 8.03%. The company had revenue of $11.12 billion for the quarter, compared to analysts’ expectations of $8.96 billion. During the same period in the previous year, the firm earned $1.41 earnings per share. The firm’s revenue for the quarter was up 24.7% on a year-over-year basis. On average, equities analysts predict that Bunge Limited will post $4.65 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Tuesday, August 22nd will be given a $0.46 dividend. This is a positive change from Bunge Limited’s previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend is Friday, August 18th. Bunge Limited’s dividend payout ratio is presently 45.41%.
Several institutional investors have recently bought and sold shares of BG. Probity Advisors Inc. raised its position in Bunge Limited by 0.5% in the first quarter. Probity Advisors Inc. now owns 21,757 shares of the basic materials company’s stock worth $1,724,000 after buying an additional 103 shares during the last quarter. Great Lakes Advisors LLC raised its position in shares of Bunge Limited by 1.8% in the first quarter. Great Lakes Advisors LLC now owns 6,934 shares of the basic materials company’s stock worth $550,000 after buying an additional 120 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its position in shares of Bunge Limited by 4.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,719 shares of the basic materials company’s stock worth $276,000 after buying an additional 155 shares in the last quarter. Atria Investments LLC raised its position in shares of Bunge Limited by 6.3% in the first quarter. Atria Investments LLC now owns 3,428 shares of the basic materials company’s stock worth $272,000 after buying an additional 202 shares in the last quarter. Finally, World Asset Management Inc raised its position in shares of Bunge Limited by 2.5% in the first quarter. World Asset Management Inc now owns 8,764 shares of the basic materials company’s stock worth $695,000 after buying an additional 211 shares in the last quarter. Institutional investors and hedge funds own 80.68% of the company’s stock.
Bunge Limited 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.
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