Bunge Limited’s (BG) Buy Rating Reaffirmed at Credit Suisse Group

Bunge Limited (NYSE:BG)‘s stock had its “buy” rating reaffirmed by research analysts at Credit Suisse Group in a research note issued to investors on Friday. They presently have a $90.00 price objective on the basic materials company’s stock. Credit Suisse Group’s target price suggests a potential upside of 23.58% from the stock’s previous close.

A number of other research analysts have also issued reports on BG. Piper Jaffray Companies set a $86.00 target price on shares of Bunge Limited and gave the company a “buy” rating in a research note on Thursday, August 3rd. Robert W. Baird began coverage on shares of Bunge Limited in a research note on Monday. They issued a “neutral” rating and a $77.00 target price on the stock. J P Morgan Chase & Co lowered shares of Bunge Limited to a “neutral – underweight” rating and set a $70.00 target price on the stock. in a research note on Tuesday, July 4th. Vertical Group lowered shares of Bunge Limited from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Zacks Investment Research upgraded shares of Bunge Limited from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $83.71.

Bunge Limited (BG) opened at 72.83 on Friday. The firm has a market cap of $10.24 billion, a price-to-earnings ratio of 20.82 and a beta of 1.04. The firm has a 50-day moving average of $75.97 and a 200-day moving average of $77.13. Bunge Limited has a one year low of $58.19 and a one year high of $83.75.

Bunge Limited (NYSE:BG) last posted its earnings results on Wednesday, August 2nd. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07. Bunge Limited had a net margin of 1.12% and a return on equity of 6.65%. The business had revenue of $11.65 billion for the quarter, compared to analyst estimates of $10.88 billion. During the same period last year, the business posted $0.79 EPS. Bunge Limited’s revenue was up 10.5% compared to the same quarter last year. Analysts anticipate that Bunge Limited will post $3.94 EPS for the current year.

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In other Bunge Limited news, insider Jerry Matthews Simmons, Jr. sold 2,636 shares of the stock in a transaction on Monday, July 24th. The shares were sold at an average price of $80.00, for a total value of $210,880.00. Following the completion of the sale, the insider now directly owns 20,214 shares of the company’s stock, valued at approximately $1,617,120. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.30% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the company. Aviance Capital Management LLC bought a new position in shares of Bunge Limited during the 2nd quarter worth about $101,000. Toronto Dominion Bank lifted its holdings in shares of Bunge Limited by 26.3% during the 1st quarter. Toronto Dominion Bank now owns 1,526 shares of the basic materials company’s stock worth $121,000 after acquiring an additional 318 shares during the period. Creative Planning lifted its holdings in shares of Bunge Limited by 99.0% during the 2nd quarter. Creative Planning now owns 1,652 shares of the basic materials company’s stock worth $123,000 after acquiring an additional 822 shares during the period. Point72 Asia Hong Kong Ltd bought a new position in shares of Bunge Limited during the 1st quarter worth about $160,000. Finally, Advisory Services Network LLC lifted its holdings in shares of Bunge Limited by 559.2% during the 2nd quarter. Advisory Services Network LLC now owns 2,294 shares of the basic materials company’s stock worth $171,000 after acquiring an additional 1,946 shares during the period. 80.36% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Bunge Limited (NYSE:BG)

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