The stock of Bunge Ltd (NYSE:BG) is a huge mover today! About 352,960 shares traded hands. Bunge Ltd (NYSE:BG) has risen 7.05% since March 11, 2016 and is uptrending. It has outperformed by 1.59% the S&P500.
The move comes after 6 months negative chart setup for the $8.30 billion company. It was reported on Oct, 14 by Barchart.com. We have $54.14 PT which if reached, will make NYSE:BG worth $747.00M less.
Analysts await Bunge Ltd (NYSE:BG) to report earnings on November, 3. They expect $1.27 earnings per share, up 2.42% or $0.03 from last year’s $1.24 per share. BG’s profit will be $177.19 million for 11.71 P/E if the $1.27 EPS becomes a reality. After $0.79 actual earnings per share 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 firm earned “Hold” rating on Monday, August 3 by TheStreet. The firm has “Buy” rating given on Friday, April 29 by Citigroup. The stock of Bunge Ltd (NYSE:BG) has “Outperform” rating given on Tuesday, September 29 by BMO Capital Markets. The stock of Bunge Ltd (NYSE:BG) has “Overweight” rating given on Friday, February 12 by JP Morgan. The rating was upgraded by Credit Suisse on Tuesday, September 29 to “Outperform”. The company was upgraded on Tuesday, August 2 by Bank of America.
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 Q2 2016. Its down 0.14, from 1.22 in 2016Q1. The ratio dived, 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.
Callahan Advsrs Limited Liability Corporation holds 9,796 shares or 0.15% of its portfolio. Sunbelt Secs holds 0% or 2,000 shares in its portfolio. Moreover, Old Mutual Customised Solutions (Proprietary) Ltd has 0.12% invested in Bunge Ltd (NYSE:BG) for 8,100 shares. Greenwood Gearhart Incorporated holds 1.21% or 48,363 shares in its portfolio. Moreover, Robeco Institutional Asset Mngmt Bv has 0.05% invested in Bunge Ltd (NYSE:BG) for 103,853 shares. Gluskin Sheff & Assoc, a Ontario – Canada-based fund reported 13,210 shares. Panagora Asset Mgmt owns 8,238 shares or 0% of their US portfolio. Advisory Services Ntwk Limited Liability Company last reported 254 shares in the company. Massachusetts Financial Ma accumulated 0.04% or 1.32M shares. Victory Capital Management Inc has 46,942 shares for 0.01% of their US portfolio. Hsbc Holdg Pcl owns 336,871 shares or 0.05% of their US portfolio. Moreover, Neville Rodie And Shaw has 0.28% invested in Bunge Ltd (NYSE:BG) for 39,060 shares. Lesa Sroufe & accumulated 3.13% or 60,560 shares. Ww Asset Management Inc has invested 0.02% of its portfolio in Bunge Ltd (NYSE:BG). The Iowa-based Dubuque Bancorp Tru has invested 0.05% in Bunge Ltd (NYSE:BG).
Insider Transactions: Since May 12, 2016, the stock had 0 insider buys, and 1 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: Forbes.com, which released: “Bunge Becomes Oversold” on September 20, 2016. Prnewswire.com‘s article titled: “Bunge and OFI Become Distribution Partners in Asia-Pacific” and published on September 30, 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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