Bunge Global (NYSE:BG) Downgraded by Zacks Research to Hold

Zacks Research lowered shares of Bunge Global (NYSE:BG) from a strong-buy rating to a hold rating in a report issued on Monday morning,Zacks.com reports.

Other equities research analysts have also recently issued reports about the stock. Morgan Stanley boosted their price objective on shares of Bunge Global from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, March 11th. Barclays increased their target price on Bunge Global from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. BMO Capital Markets boosted their price target on Bunge Global from $135.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, March 31st. UBS Group reaffirmed a “buy” rating on shares of Bunge Global in a research report on Wednesday, March 11th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Bunge Global in a report on Friday, May 22nd. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $132.67.

Bunge Global Price Performance

Shares of BG opened at $106.58 on Monday. The stock has a 50 day simple moving average of $122.16 and a 200 day simple moving average of $116.13. Bunge Global has a 52-week low of $71.60 and a 52-week high of $134.87. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.69 and a current ratio of 1.60. The firm has a market capitalization of $20.68 billion, a PE ratio of 24.84 and a beta of 0.62.

Bunge Global (NYSE:BG) last announced its earnings results on Wednesday, April 29th. The basic materials company reported $1.83 EPS for the quarter, topping the consensus estimate of $0.97 by $0.86. The firm had revenue of $21.86 billion for the quarter, compared to the consensus estimate of $23.38 billion. Bunge Global had a net margin of 0.85% and a return on equity of 8.60%. The business’s quarterly revenue was up 87.8% on a year-over-year basis. During the same period last year, the company posted $1.81 EPS. Bunge Global has set its FY 2026 guidance at 9.000-9.500 EPS. Sell-side analysts predict that Bunge Global will post 9.57 EPS for the current fiscal year.

Institutional Investors Weigh In On Bunge Global

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Foster Dykema Cabot & Partners LLC bought a new stake in Bunge Global during the third quarter worth $25,000. Quest 10 Wealth Builders Inc. bought a new position in shares of Bunge Global in the 4th quarter valued at about $27,000. CYBER HORNET ETFs LLC acquired a new position in shares of Bunge Global during the 2nd quarter worth about $31,000. MUFG Securities EMEA plc acquired a new stake in Bunge Global in the 2nd quarter valued at about $32,000. Finally, Stance Capital LLC acquired a new stake in Bunge Global in the 3rd quarter valued at about $34,000. Institutional investors own 86.23% of the company’s stock.

Bunge Global Company Profile

Bunge Global is a leading agribusiness and food company that processes oilseeds and grains, produces sugar and bioenergy, and supplies fertilizers and other agricultural inputs. The company operates an integrated value chain that spans origination, processing, and distribution, enabling it to serve food processors, livestock producers, and retail customers worldwide. Through its network of processing plants, port terminals and logistics assets, Bunge handles a diverse portfolio of commodities, including soybeans, corn, wheat, vegetable oils, and sugarcane.

The company’s core business activities are organized into agribusiness and food & ingredients segments.