Bunge (NYSE:BG) was upgraded by equities research analysts at Vertical Group from a “hold” rating to a “buy” rating in a research report issued on Thursday, The Fly reports.
BG has been the topic of several other reports. Zacks Investment Research cut shares of Bunge from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 20th. BMO Capital Markets restated a “buy” rating and set a $87.00 price objective on shares of Bunge in a research note on Monday, November 6th. TheStreet lowered shares of Bunge from a “b-” rating to a “c+” rating in a research note on Tuesday, October 10th. Citigroup lowered shares of Bunge from a “buy” rating to a “neutral” rating and set a $75.00 price objective on the stock. in a research note on Thursday, September 28th. Finally, Piper Jaffray Companies set a $86.00 price objective on shares of Bunge and gave the stock a “buy” rating in a research note on Friday, October 6th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $81.86.
Shares of Bunge (BG) opened at $66.22 on Thursday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.82 and a current ratio of 1.60. Bunge has a 52-week low of $63.87 and a 52-week high of $83.75. The company has a market cap of $9,657.01, a PE ratio of 23.13, a price-to-earnings-growth ratio of 1.93 and a beta of 1.05.
Several institutional investors have recently added to or reduced their stakes in BG. Northcoast Asset Management acquired a new position in Bunge in the 3rd quarter valued at about $4,039,000. Janus Capital Management grew its stake in Bunge by 464.4% in the 3rd quarter. Janus Capital Management now owns 66,600 shares of the basic materials company’s stock valued at $4,882,000 after buying an additional 54,800 shares during the last quarter. Fourth Swedish National Pension Fund grew its stake in Bunge by 2.0% in the 4th quarter. Fourth Swedish National Pension Fund now owns 40,852 shares of the basic materials company’s stock valued at $2,789,000 after buying an additional 793 shares during the last quarter. Nordea Investment Management AB grew its stake in Bunge by 1,421.5% in the 4th quarter. Nordea Investment Management AB now owns 70,338 shares of the basic materials company’s stock valued at $4,803,000 after buying an additional 65,715 shares during the last quarter. Finally, vontobel swiss wealth advisors AG acquired a new position in Bunge in the 4th quarter valued at about $1,692,000. Institutional investors own 79.86% of the company’s stock.
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Bunge 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.
