Bunge Global SA (NYSE:BG) Given Average Rating of “Moderate Buy” by Brokerages

Bunge Global SA (NYSE:BG) has earned an average recommendation of “Moderate Buy” from the nine research firms that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $118.00.

Separately, Stephens upgraded shares of Bunge Global to a “strong-buy” rating in a report on Monday, December 2nd.

Institutional Investors Weigh In On Bunge Global

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BG. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Bunge Global by 1.7% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,220 shares of the basic materials company’s stock valued at $1,625,000 after purchasing an additional 251 shares during the period. nVerses Capital LLC boosted its position in shares of Bunge Global by 100.0% in the second quarter. nVerses Capital LLC now owns 2,000 shares of the basic materials company’s stock valued at $214,000 after acquiring an additional 1,000 shares during the period. Ritholtz Wealth Management purchased a new position in Bunge Global during the second quarter valued at approximately $318,000. Natixis Advisors LLC increased its holdings in Bunge Global by 40.6% during the 2nd quarter. Natixis Advisors LLC now owns 20,314 shares of the basic materials company’s stock worth $2,169,000 after acquiring an additional 5,867 shares during the period. Finally, Convergence Investment Partners LLC lifted its stake in Bunge Global by 104.2% in the 2nd quarter. Convergence Investment Partners LLC now owns 10,249 shares of the basic materials company’s stock worth $1,094,000 after purchasing an additional 5,230 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors.

Bunge Global Stock Performance

NYSE:BG opened at $77.28 on Monday. The company has a quick ratio of 1.10, a current ratio of 2.07 and a debt-to-equity ratio of 0.43. Bunge Global has a twelve month low of $76.38 and a twelve month high of $114.92. The company has a fifty day moving average of $84.48 and a 200-day moving average of $95.23. The firm has a market capitalization of $10.79 billion, a P/E ratio of 9.78 and a beta of 0.70.

Bunge Global Company Profile

Bunge Global SA operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. 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 grains comprising wheat and corn; and processes oilseeds into vegetable oils and protein meals.