Stock analysts at Scotiabank raised their price target on shares of Bunge (NYSE:BG) from $85.00 to $87.00 in a report issued on Monday, Analyst Ratings.Net reports. Scotiabank’s price objective would indicate a potential upside of 18.13% from the company’s current price.
A number of other firms have also recently commented on BG. Analysts at TheStreet downgraded shares of Bunge from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, June 25th. Separately, analysts at Barclays Capital initiated coverage on shares of Bunge in a research note to investors on Thursday, June 13th. They set an “overweight” rating and a $83.00 price target on the stock. Finally, analysts at Piper Jaffray Cos. upgraded shares of Bunge from a “neutral” rating to an “overweight” rating in a research note to investors on Wednesday, June 12th. They now have a $82.00 price target on the stock, up previously from $77.00.
Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Bunge has an average rating of “Buy” and a consensus target price of $82.58.
Bunge (NYSE: BG) opened at 73.65 on Monday. Bunge has a 52-week low of $61.66 and a 52-week high of $80.99. The stock’s 50-day moving average is currently $71.47. The company has a market cap of $10.833 billion and a price-to-earnings ratio of 95.65.
Bunge (NYSE:BG) last released its earnings data on Thursday, April 25th. The company reported $1.15 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.95 by $0.20. The company had revenue of $14.79 million for the quarter, compared to the consensus estimate of $13.99 million. During the same quarter last year, the company posted $0.69 earnings per share. Bunge’s revenue was up 14.5% compared to the same quarter last year. Analysts expect that Bunge will post $7.34 EPS for the current fiscal year.
Bunge Limited is a holding company, and its operations are conducted through its subsidiaries. The Company is a global agribusiness and food company with integrated operations that stretch from the farm fields to consumer foods.