Bunge (BG) Lowered to Sell at ValuEngine

Bunge (NYSE:BG) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Saturday.

BG has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Bunge from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a report on Friday, August 3rd. BMO Capital Markets cut their price target on shares of Bunge from $87.00 to $83.00 and set an “outperform” rating on the stock in a report on Thursday, November 1st. Finally, Citigroup cut their price target on shares of Bunge from $92.00 to $82.00 and set a “buy” rating on the stock in a report on Thursday, November 1st. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $78.40.

BG stock opened at $57.07 on Friday. The company has a current ratio of 1.58, a quick ratio of 0.71 and a debt-to-equity ratio of 0.85. Bunge has a twelve month low of $56.80 and a twelve month high of $83.20. The firm has a market cap of $8.03 billion, a price-to-earnings ratio of 29.42 and a beta of 1.12.

Bunge (NYSE:BG) last posted its quarterly earnings results on Wednesday, October 31st. The basic materials company reported $2.52 EPS for the quarter, topping the Zacks’ consensus estimate of $2.39 by $0.13. The firm had revenue of $11.41 billion for the quarter, compared to analysts’ expectations of $11.95 billion. Bunge had a net margin of 0.59% and a return on equity of 7.84%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the business posted $0.75 earnings per share. As a group, analysts anticipate that Bunge will post 4.73 EPS for the current fiscal year.

In other Bunge news, CEO Soren Schroder acquired 500 shares of the stock in a transaction that occurred on Monday, November 5th. The stock was bought at an average cost of $62.72 per share, with a total value of $31,360.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Grain Co Continental acquired 170,000 shares of the stock in a transaction that occurred on Friday, November 16th. The stock was acquired at an average cost of $58.80 per share, with a total value of $9,996,000.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 333,200 shares of company stock worth $20,357,881. Company insiders own 1.25% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Bunge by 1.2% in the third quarter. Vanguard Group Inc. now owns 13,753,274 shares of the basic materials company’s stock worth $944,988,000 after acquiring an additional 160,119 shares during the period. BlackRock Inc. lifted its stake in Bunge by 41.4% in the second quarter. BlackRock Inc. now owns 12,076,742 shares of the basic materials company’s stock worth $841,871,000 after acquiring an additional 3,535,679 shares during the period. Franklin Resources Inc. lifted its stake in Bunge by 5.5% in the third quarter. Franklin Resources Inc. now owns 5,192,555 shares of the basic materials company’s stock worth $356,780,000 after acquiring an additional 269,700 shares during the period. Morgan Stanley lifted its stake in Bunge by 618.9% in the third quarter. Morgan Stanley now owns 3,620,854 shares of the basic materials company’s stock worth $248,789,000 after acquiring an additional 3,117,218 shares during the period. Finally, Northern Trust Corp lifted its stake in Bunge by 13.3% in the second quarter. Northern Trust Corp now owns 2,441,166 shares of the basic materials company’s stock worth $170,174,000 after acquiring an additional 285,782 shares during the period. 77.84% of the stock is owned by institutional investors.

Bunge Company Profile

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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Analyst Recommendations for Bunge (NYSE:BG)

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