Are Analysts Bullish about Bunge Limited (NYSE:BG) after last week?

December 7, 2017 - By Adrian Mccoy

 Are Analysts Bullish about Bunge Limited (NYSE:BG) after last week?
Investors sentiment decreased to 0.8 in Q2 2017. Its down 0.44, from 1.24 in 2017Q1. It worsened, as 69 investors sold Bunge Limited shares while 136 reduced holdings. 61 funds opened positions while 104 raised stakes. 110.83 million shares or 0.16% less from 111.01 million shares in 2017Q1 were reported.
Moreover, Sumitomo Mitsui Asset has 0.01% invested in Bunge Limited (NYSE:BG). Corecommodity Management Lc holds 1.58% or 21,977 shares. Jacobs Levy Equity Mgmt holds 347,939 shares or 0.55% of its portfolio. Ameriprise Financial Incorporated stated it has 0.02% of its portfolio in Bunge Limited (NYSE:BG). Huntington State Bank holds 0% of its portfolio in Bunge Limited (NYSE:BG) for 41 shares. 29,280 are owned by Regentatlantic Cap Ltd Llc. Apg Asset Nv reported 0.28% of its portfolio in Bunge Limited (NYSE:BG). Korea Invest Corporation holds 0.04% or 111,594 shares. The United Kingdom-based Hsbc Holdings Public Limited has invested 0.03% in Bunge Limited (NYSE:BG). Gam Ag reported 199,492 shares stake. Gabelli Funds Ltd Liability Co has 0.01% invested in Bunge Limited (NYSE:BG) for 25,500 shares. Fmr Limited Liability Co stated it has 3.99M shares. Whittier Comm Of Nevada holds 0% or 82 shares in its portfolio. Prelude Cap Management Ltd Liability Com owns 1,520 shares or 0.01% of their US portfolio. Moreover, Osborne Ptnrs Limited Liability Co has 0.03% invested in Bunge Limited (NYSE:BG).

Bunge Limited (NYSE:BG) Ratings Coverage

Among 9 analysts covering Bunge Limited (NYSE:BG), 3 have Buy rating, 0 Sell and 6 Hold. Therefore 33% are positive. Bunge Limited had 28 analyst reports since July 31, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Citigroup given on Thursday, September 28. Piper Jaffray maintained Bunge Limited (NYSE:BG) rating on Thursday, July 20. Piper Jaffray has “Buy” rating and $8400 target. BMO Capital Markets maintained the shares of BG in report on Monday, June 12 with “Buy” rating. Credit Suisse maintained the shares of BG in report on Friday, May 5 with “Buy” rating. The rating was maintained by Citigroup on Friday, April 29 with “Buy”. The stock of Bunge Limited (NYSE:BG) has “Buy” rating given on Tuesday, August 2 by Bank of America. The rating was upgraded by Credit Suisse to “Outperform” on Tuesday, September 29. The firm earned “Buy” rating on Friday, October 6 by Piper Jaffray. The firm earned “Overweight” rating on Friday, February 12 by JP Morgan. Goldman Sachs downgraded Bunge Limited (NYSE:BG) on Monday, March 20 to “Neutral” rating. Below is a list of Bunge Limited (NYSE:BG) latest ratings and price target changes.

13/10/2017 Broker: Robert W. Baird Rating: Hold New Target: $77.0 Maintain
06/10/2017 Broker: Piper Jaffray Rating: Buy New Target: $86.0 Maintain
27/09/2017 Broker: BMO Capital Markets Rating: Buy New Target: $87.0 Maintain
28/09/2017 Broker: Citigroup Old Rating: Buy New Rating: Neutral Old Target: $88 Downgrade
11/09/2017 Broker: Robert W. Baird Rating: Hold New Target: $77.0 Initiate
04/09/2017 Broker: Piper Jaffray Rating: Buy New Target: $86.0 Maintain
23/08/2017 Broker: BMO Capital Markets Rating: Buy New Target: $87.0 Maintain
03/08/2017 Broker: Piper Jaffray Rating: Buy New Target: $86.0000 Maintain
20/07/2017 Broker: Piper Jaffray Rating: Buy New Target: $84.0000 Maintain
13/07/2017 Broker: BMO Capital Markets Rating: Buy New Target: $87.0000 Maintain

The stock increased 1.29% or $0.88 during the last trading session, reaching $69.21. About 2.63M shares traded or 122.08% up from the average. Bunge Limited (NYSE:BG) has risen 14.04% since December 7, 2016 and is uptrending. It has underperformed by 2.66% the S&P500.

Bunge Limited, together with its subsidiaries, operates as an agribusiness and food firm worldwide. The company has market cap of $9.73 billion. It operates through five divisions: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. It has a 21.24 P/E ratio. The Agribusiness segment is involved in the purchase, storage, transport, processing, and sale of agricultural commodities and commodity products, including oilseeds and grains comprising soybeans, rapeseed, canola, sunflower seeds, wheat, and corn to animal feed manufacturers, livestock producers, wheat and corn millers, and other oilseed processors, as well as third-party edible oil processing companies, and biodiesel industries.

More notable recent Bunge Limited (NYSE:BG) news were published by: Nasdaq.com which released: “Bunge Limited (BG) Ex-Dividend Date Scheduled for November 17, 2017” on November 16, 2017, also Reuters.com with their article: “Bunge scraps deal for controlling stake in Grupo Minsa” published on November 17, 2017, Bizjournals.com published: “Bunge cancels deal for controlling stake in Mexico’s Grupo Minsa” on November 18, 2017. More interesting news about Bunge Limited (NYSE:BG) were released by: Reuters.com and their article: “Bunge widens executive takeover payout scheme after Glencore approach” published on November 22, 2017 as well as Nasdaq.com‘s news article titled: “Bunge reorganizes management team in cost-cutting drive” with publication date: November 15, 2017.

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