Stock Mover of The Day: Time to Buy Bunge Ltd After Today’s Huge Increase?

Stock Mover of The Day: Time to Buy Bunge Ltd After Today's Huge Increase?

The stock of Bunge Ltd (NYSE:BG) is a huge mover today! About 362,790 shares traded hands. Bunge Ltd (NYSE:BG) has risen 18.78% since March 1, 2016 and is uptrending. It has outperformed by 9.54% the S&P500.
The move comes after 7 months positive chart setup for the $8.32 billion company. It was reported on Oct, 4 by Barchart.com. We have $92.23 PT which if reached, will make NYSE:BG worth $4.58B more.

Analysts await Bunge Ltd (NYSE:BG) to report earnings on November, 3. They expect $1.27 EPS, up 2.42% or $0.03 from last year’s $1.24 per share. BG’s profit will be $177.50M for 11.72 P/E if the $1.27 EPS becomes a reality. After $0.79 actual EPS reported by Bunge Ltd for the previous quarter, Wall Street now forecasts 60.76% EPS growth.

Bunge Ltd (NYSE:BG) Ratings Coverage

Out of 6 analysts covering Bunge Limited (NYSE:BG), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. Bunge Limited has been the topic of 10 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The stock of Bunge Ltd (NYSE:BG) has “Buy” rating given on Tuesday, August 2 by Bank of America. The stock has “Hold” rating given by TheStreet on Monday, August 3. On Tuesday, September 29 the stock rating was upgraded by BMO Capital Markets to “Outperform”. The firm has “Outperform” rating given on Tuesday, September 29 by Credit Suisse. The stock has “Overweight” rating given by JP Morgan on Friday, February 12. Citigroup maintained it with “Buy” rating and $80 target price in Friday, April 29 report.

According to Zacks Investment Research, “Bunge Ltd. is an integrated global agribusiness and food company spanning the farm-to-consumer food chain. Bunge processes, produces, moves, distributes and markets food on five continents.”

Insitutional Activity: The institutional sentiment decreased to 1.08 in 2016 Q2. Its down 0.14, from 1.22 in 2016Q1. The ratio worsened, as 33 funds sold all Bunge Ltd shares owned while 123 reduced positions. 41 funds bought stakes while 127 increased positions. They now own 106.51 million shares or 8.39% less from 116.26 million shares in 2016Q1.
Amer Intl has 7,987 shares for 0% of their US portfolio. Pitcairn holds 0.04% or 4,921 shares in its portfolio. Moreover, Envestnet Asset has 0.02% invested in Bunge Ltd (NYSE:BG) for 93,305 shares. Lazard Asset Mgmt Ltd Liability, a New York-based fund reported 89,127 shares. Checchi Cap Advisers Lc reported 582 shares or 0% of all its holdings. Hermes Inv Mgmt has invested 0.08% of its portfolio in Bunge Ltd (NYSE:BG). First In has invested 0.02% of its portfolio in Bunge Ltd (NYSE:BG). Moreover, Susquehanna Limited Liability Partnership has 0% invested in Bunge Ltd (NYSE:BG) for 13,740 shares. Bluemountain Cap holds 0.01% of its portfolio in Bunge Ltd (NYSE:BG) for 8,180 shares. Fifth Third Commercial Bank accumulated 40,396 shares or 0.02% of the stock. The Ohio-based Meeder Asset Management has invested 0.05% in Bunge Ltd (NYSE:BG). Harding Loevner L P reported 4.66 million shares or 2.16% of all its holdings. Moreover, Dekabank Deutsche Girozentrale has 0.01% invested in Bunge Ltd (NYSE:BG) for 16,657 shares. Barclays Plc holds 0% of its portfolio in Bunge Ltd (NYSE:BG) for 48,394 shares. Henderson Group Public Ltd Company owns 22,596 shares or 0.01% of their US portfolio.

Insider Transactions: Since May 12, 2016, the stock had 0 buys, and 1 insider sale for $688,201 net activity. 11,230 shares with value of $688,201 were sold by Lupo L Patrick on Thursday, May 12.

More news for Bunge Ltd (NYSE:BG) were recently published by: Prnewswire.com, which released: “Bunge and OFI Become Distribution Partners in Asia-Pacific” on September 30, 2016. Forbes.com‘s article titled: “Bunge Becomes Oversold” and published on September 20, 2016 is yet another important article.

BG Company Profile

Bunge Limited, incorporated on May 18, 1995, is an agribusiness and food firm with integrated activities that stretch from the farm field to consumer foods. The Firm is an oilseed processor and producer of vegetable oils and protein meals; grain processor; seller of packaged vegetable oils across the world; producer and seller of wheat flours and bakery mixes, dry milled corn products and milled rice products, and producer of sugar and ethanol in Brazil, and global trader and merchandiser of sugar. The Firm operates through five divisions: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer.

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