At the time of writing, Bunge Global SA [BG] stock is trading at $110.38, up 2.85%. An important factor to consider is whether the stock is rising or falling in short-term value. The BG shares have gain 3.41% over the last week, with a monthly amount glided 2.59%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Bunge Global SA [NYSE: BG] stock has seen the most recent analyst activity on February 09, 2024, when HSBC Securities upgraded its rating to a Buy and also revised its price target to $105 from $122. Previously, Citigroup started tracking the stock with Buy rating on February 01, 2024, and set its price target to $108. On January 10, 2024, downgrade downgraded it’s rating to Peer Perform. HSBC Securities started tracking the stock assigning a Hold rating and suggested a price target of $122 on September 15, 2023. ROTH MKM initiated its recommendation with a Buy and recommended $138 as its price target on June 22, 2023. In a note dated February 09, 2023, Robert W. Baird downgraded an Neutral rating on this stock and revised its target price from $127 to $115.
For the past year, the stock price of Bunge Global SA fluctuated between $86.10 and $116.59. Currently, Wall Street analysts expect the stock to reach $128.43 within the next 12 months. Bunge Global SA [NYSE: BG] shares were valued at $110.38 at the most recent close of the market. An investor can expect a potential return of 16.35% based on the average BG price forecast.
Analyzing the BG fundamentals
According to Bunge Global SA [NYSE:BG], the company’s sales were 57.62B for trailing twelve months, which represents an -12.46% plunge. Gross Profit Margin for this corporation currently stands at 0.08% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.17 and Total Capital is 0.16. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.47.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 108.06 points at the first support level, and at 105.75 for the second support level. However, for the 1st resistance point, the stock is sitting at 111.77, and for the 2nd resistance point, it is at 113.16.
Ratios To Look Out For
It is important to note that Bunge Global SA [NYSE:BG] has a current ratio of 1.99. On the other hand, the Quick Ratio is 1.05, and the Cash Ratio is 0.35. Considering the valuation of this stock, the price to sales ratio is 0.27, the price to book ratio is 1.48 and price to earnings (TTM) ratio is 8.89.
Transactions by insiders
Recent insider trading involved Dimopoulos Christos, Co-President, Agribusiness, that happened on May 22 ’24 when 20000.0 shares were sold. Co-President, Agribusiness, Dimopoulos Christos completed a deal on Aug 16 ’23 to sell 20000.0 shares.
