Bunge (NYSE:BG) Earns Neutral Rating from Analysts at JPMorgan Chase & Co.

Equities researchers at JPMorgan Chase & Co. started coverage on shares of Bunge (NYSE:BG) in a report issued on Thursday, March 28th, Stock Target Advisor reports. The firm set a “neutral” rating and a $67.00 price target on the basic materials company’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 31.04% from the stock’s previous close.

BG has been the topic of several other research reports. Zacks Investment Research downgraded Bunge from a “hold” rating to a “sell” rating in a report on Thursday, January 24th. ValuEngine upgraded Bunge from a “sell” rating to a “hold” rating in a report on Monday, February 25th. Morgan Stanley cut their price objective on Bunge from $84.00 to $65.00 and set an “equal weight” rating on the stock in a report on Monday, February 25th. BMO Capital Markets restated an “outperform” rating on shares of Bunge in a report on Friday, February 22nd. Finally, Credit Suisse Group set a $70.00 price objective on Bunge and gave the stock an “outperform” rating in a report on Wednesday, January 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. Bunge currently has an average rating of “Hold” and an average price target of $73.33.

BG stock traded down $0.42 during trading on Thursday, hitting $51.13. The company had a trading volume of 1,253,337 shares, compared to its average volume of 1,416,291. The company has a market capitalization of $7.23 billion, a P/E ratio of 18.80 and a beta of 0.93. Bunge has a fifty-two week low of $48.89 and a fifty-two week high of $76.95. The company has a quick ratio of 0.72, a current ratio of 1.54 and a debt-to-equity ratio of 0.74.

Bunge (NYSE:BG) last posted its quarterly earnings data on Thursday, February 21st. The basic materials company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.11). Bunge had a return on equity of 6.79% and a net margin of 0.58%. The company had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.44 billion. During the same period in the previous year, the company earned $0.67 EPS. The business’s revenue for the quarter was down .5% compared to the same quarter last year. Equities analysts anticipate that Bunge will post 2.78 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in the stock. Penserra Capital Management LLC bought a new stake in Bunge during the fourth quarter worth approximately $27,000. First Mercantile Trust Co. boosted its position in shares of Bunge by 44.6% in the fourth quarter. First Mercantile Trust Co. now owns 1,200 shares of the basic materials company’s stock valued at $64,000 after acquiring an additional 370 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of Bunge by 7,122.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,805,409 shares of the basic materials company’s stock valued at $71,000 after acquiring an additional 3,752,723 shares during the period. Acropolis Investment Management LLC bought a new stake in shares of Bunge in the fourth quarter valued at approximately $154,000. Finally, Veritable L.P. bought a new stake in shares of Bunge in the third quarter valued at approximately $206,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Bunge Company Profile

Bunge Limited operates as an agribusiness and food company worldwide. It operates in five segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains primarily wheat and corn; and vegetable oils and protein meals.

Featured Story: Momentum Investing

Analyst Recommendations for Bunge (NYSE:BG)

Receive News & Ratings for Bunge Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bunge and related companies with MarketBeat.com's FREE daily email newsletter.