The stock of Bunge Limited (NYSE:BG) increased by $0.62 on Friday to finish at $112.71, up 0.55 percent. The last five days have seen an average of 933,100 shares of common stock traded. 12 times new highs were reached in the current year, with a gain of $12.94. The average number of shares traded over the last 20 days was 1,267,760, while the average volume over the last 50 days totaled 1,280,456.
BG stock appreciated 4.51% since last month. On 08/01/23, the company’s shares reached a one-month low of $107.13. The stock touched a high of $116.59 on 08/07/23, after rallying from a low of $80.41 in 52 weeks. The price of BG stock has risen by 12.97% or $12.94 this year, reaching a new high 12 times. Still, the stock price is down -3.33% from the 52-week high.
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Insider Transactions
BG stock investors should be aware that Bunge Limited (BG) stock had its last reported insider trading activity 12 days ago on Aug 16. On Aug 16, Co-President, Agribusiness Dimopoulos Christos sold 20,000 shares at $111.89 each. This transaction resulted in the insider making $2,237,718. On Nov 09, Garros Julio sold 1,017 shares at a price of US$103.90. After the transaction, the insider now owns 53,780 shares.
Valuation Metrics
Bunge Limited (BG) has a trailing price-to-earnings (P/E) ratio of 8.71. Beta for the stock is 0.66. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.26, the price-to-book (PB) ratio of 1.61.
Company paid $0.6625 per share in dividends, remained unchanged from $0.6625 last year.
Financial Health
For the three months ended June 29, Bunge Limited’s quick ratio was 1.00, while its current ratio was 2.10, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.40, and the total debt to equity ratio is 0.47. As far as profitability goes, gross margin for the trailing twelve months is 6.80% percent. Bunge Limited’s EBITDA margin for the year ended June 29 was 4.59%, whereas its operating margin stood at 4.30% for the same period. Based on annual data, it had gross profit of $3.68 billion and revenue of $67.23 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. BG’s return on assets (ROA) during the last 12 months has been 7.70%. There was a 13.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 20.50%.
Earnings Surprise
According to Bunge Limited’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $15.05 billion, while revenues fell by -19.16% to $15.33 billion. It was predicted that Bunge Limited’s quarterly earnings would be $3.72, but it ended up being $2.69, beating the consensus by 38.30%. EBITDA was $1.05 billion for the quarter. At the end of Bunge Limited’s most recent quarter ended June 29, its liabilities totaled 14.35 billion, while its total debt was $5.85 billion. Equity owned by shareholders amounts to $150.64 million.
Technical Picture
Here’s a quick look at Bunge Limited’s (BG) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 59.15%, suggesting the stock is Neutral, with a 13.02% historical volatility rate.
The stochastic %K and %D were 40.95% and 34.69% respectively, while the average true range (ATR) was 2.01. Based on the 14-day stochastic reading of 57.14%, the RSI (14) reading is 61.60%. On the 9-day MACD Oscillator, the stock is at 0.33, and the 14-day reading is at 0.04.
Analyst Ratings
In its analyst report released on June 22, 2023, ROTH MKM began covering Bunge Limited (NYSE: BG). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Bunge Limited (BG) an Overweight rating. BG is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 7 others recommend it as a buy.
What is BG’s price target for the next 12 months?
The current consensus forecast for the stock is between $114.00 and $165.00, with a median target price of $134.00. In analyzing these forecasts, the average price target given by analysts for Bunge Limited (BG) is $137.90.
