Bunge Global (NYSE:BG) Given New $116.00 Price Target at HSBC

Bunge Global (NYSE:BG) had its price target boosted by stock analysts at HSBC from $80.00 to $116.00 in a research note issued on Tuesday,MarketScreener reports. The brokerage presently has a “hold” rating on the basic materials company’s stock. HSBC’s price objective would suggest a potential upside of 1.32% from the company’s previous close.

Several other equities research analysts have also recently commented on BG. UBS Group boosted their price target on shares of Bunge Global from $108.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Zacks Research downgraded shares of Bunge Global from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. Stephens restated an “overweight” rating and set a $130.00 target price on shares of Bunge Global in a report on Thursday, February 5th. JPMorgan Chase & Co. upped their price target on Bunge Global from $109.00 to $117.00 and gave the company an “overweight” rating in a report on Tuesday, February 3rd. Finally, Citigroup restated a “buy” rating on shares of Bunge Global in a report on Tuesday, December 2nd. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $120.90.

Bunge Global Price Performance

NYSE:BG traded down $2.13 during midday trading on Tuesday, hitting $114.49. 60,576 shares of the stock were exchanged, compared to its average volume of 1,660,040. The company has a market capitalization of $22.15 billion, a price-to-earnings ratio of 21.15, a P/E/G ratio of 0.77 and a beta of 0.75. The company has a current ratio of 1.61, a quick ratio of 0.74 and a debt-to-equity ratio of 0.51. Bunge Global has a one year low of $68.33 and a one year high of $124.78. The business has a 50-day moving average price of $109.69 and a two-hundred day moving average price of $96.24.

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

Institutional Trading of Bunge Global

A number of hedge funds have recently modified their holdings of BG. Foster Dykema Cabot & Partners LLC purchased a new stake in shares of Bunge Global in the third quarter worth approximately $25,000. CoreCap Advisors LLC lifted its position in Bunge Global by 2,000.0% in the 3rd quarter. CoreCap Advisors LLC now owns 315 shares of the basic materials company’s stock worth $26,000 after buying an additional 300 shares in the last quarter. Quest 10 Wealth Builders Inc. purchased a new stake in Bunge Global in the 4th quarter worth approximately $27,000. Root Financial Partners LLC acquired a new stake in shares of Bunge Global during the 3rd quarter valued at $28,000. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of Bunge Global during the 2nd quarter valued at $31,000. Hedge funds and other 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.