Bunge Ltd. (NYSE:BG) finished Friday with a subtraction of -$2.36 to close at $108.25, a downside of -2.13 percent. An average of 1,179,660 shares of common stock have been traded in the last five days. There was a fall of -$2.15 in the past week, and it reached a new high 20 times over the past 12 months. The last 20 days have seen an average of 1,075,315 shares traded, while the 50-day average volume stands at 1,117,000.
BG stock has decreased by -5.46% in the last month. The company shares reached their 1-month lowest point of $107.96 on 09/29/23. With the stock rallying to its 52-week high on 08/07/23, shares of the company touched a low of $80.41 and a high of $116.59 in 52 weeks. It has reached a new high 12 times so far this year and achieved 8.50% or $8.48 in price. In spite of this, the price is down -7.15% from the 52-week high.
Insider Transactions
BG stock investors should be aware that Bunge Ltd. (BG) stock had its last reported insider trading activity 45 days ago on Aug 16. In this transaction, the insider spent $2,237,718. Co-President, Agribusiness, Garros Julio, disposed of 1,017 shares at a price of $103.90 on Nov 09. The insider now owns more than $105,665 worth of shares.
Valuation Metrics
Bunge Ltd. (BG) has a trailing price-to-earnings (P/E) ratio of 8.36. The stock’s beta is 0.67. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.26, the price-to-book (PB) ratio at 1.54.
Financial Health
The quick ratio of Bunge Ltd. for the three months ended June 30 was 0.98, and the current ratio was 2.07, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.45 and a total debt to equity ratio of 0.55 for the quarter ending June 30. Its gross profit as reported stood at $3.68 billion compared to revenue of $67.23 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Bunge Ltd.’s return on assets was 7.42%.
Earnings Surprise
For the three-month period that ended June 30, Bunge Ltd. had $4.28 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $622.0 million in the quarter, while revenues were grew 66.88%. The analyst consensus anticipated Bunge Ltd.’s latest quarter earnings to come in at $2.69 per share, but it turned out to be $3.72, a 38.30% surprise. For the quarter, EBITDA amounted to $1.05 billion. Shareholders own equity worth $150.64 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Bunge Ltd. (BG) price momentum. RSI 9-day as of the close on 29 September was 35.31%, suggesting the stock is Neutral, with historical volatility in this time frame at 18.63%.
As of today, BG’s price is $109.62 -1.95% or -$2.15 from its 5-day moving average. BG is currently trading -5.31% lower than its 20-day SMA and +20.00% higher than its 100-day SMA. However, the stock’s current price level is +2.52% above the SMA50 and +13.39% above the SMA200.
The stochastic %K and %D were 15.09% and 14.00%, respectively, and the average true range (ATR) was 2.08. With the 14-day stochastic at 3.68% and the average true range at 2.09, the RSI (14) stands at 40.19%. The stock has reached -1.32 on the 9-day MACD Oscillator while the 14-day reading was at -2.41.
Analyst Ratings
HSBC Securities launched coverage on Bunge Ltd. (NYSE: BG) in its analyst report released on September 15, 2023. The firm assigned the stock a Hold rating. The consensus rating for Bunge Ltd. (BG) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell BG, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 7 others rate it as a “buy”.
What is BG’s price target for the next 12 months?
Analysts predict a range of price targets between $114.00 and $165.00, with a median target of $133.00. Taking a look at these predictions, the average price target given by analysts for Bunge Ltd. (BG) stock is $136.45.
