BMO Capital Markets Issues Positive Forecast for Bunge Global (NYSE:BG) Stock Price

Bunge Global (NYSE:BG) had its price target raised by stock analysts at BMO Capital Markets from $135.00 to $150.00 in a note issued to investors on Tuesday,MarketScreener reports. The firm presently has an “outperform” rating on the basic materials company’s stock. BMO Capital Markets’ target price indicates a potential upside of 17.70% from the stock’s current price.

Several other brokerages have also recently commented on BG. JPMorgan Chase & Co. upped their target price on Bunge Global from $130.00 to $134.00 and gave the company an “overweight” rating in a report on Tuesday, March 24th. Morgan Stanley boosted their price target on shares of Bunge Global from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 11th. Weiss Ratings lowered shares of Bunge Global from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday, February 23rd. Zacks Research cut shares of Bunge Global from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Finally, Barclays lifted their price objective on Bunge Global from $135.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.60.

Bunge Global Trading Up 0.2%

NYSE BG traded up $0.24 on Tuesday, reaching $127.44. The company had a trading volume of 388,465 shares, compared to its average volume of 1,835,191. The firm has a market cap of $24.66 billion, a price-to-earnings ratio of 23.52, a P/E/G ratio of 0.79 and a beta of 0.75. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.61 and a quick ratio of 0.74. Bunge Global has a fifty-two week low of $68.33 and a fifty-two week high of $131.50. The business has a 50 day moving average of $119.93 and a two-hundred day moving average of $101.74.

Bunge Global (NYSE:BG) last released its quarterly earnings results on Wednesday, February 4th. The basic materials company reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.17. The firm had revenue of $23.76 billion for the quarter, compared to analyst estimates of $23 billion. Bunge Global had a return on equity of 8.69% and a net margin of 1.16%.The business’s revenue was up 75.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.13 EPS. Bunge Global has set its FY 2026 guidance at 7.500-8.000 EPS. Analysts forecast that Bunge Global will post 7.94 EPS for the current year.

Hedge Funds Weigh In On Bunge Global

Large investors have recently modified their holdings of the company. Glencore plc purchased a new stake in shares of Bunge Global in the third quarter valued at about $2,665,496,000. Norges Bank bought a new stake in Bunge Global in the 2nd quarter worth about $149,380,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Bunge Global by 168,119.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,165,764 shares of the basic materials company’s stock valued at $103,846,000 after buying an additional 1,165,071 shares during the last quarter. Merewether Investment Management LP bought a new position in shares of Bunge Global during the 3rd quarter worth approximately $74,888,000. Finally, Vanguard Group Inc. lifted its position in shares of Bunge Global by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 17,570,009 shares of the basic materials company’s stock worth $1,565,136,000 after buying an additional 777,805 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors.

About Bunge Global

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.