Bunge Limited (BG) : The consensus on Bunge Limited (BG) based on 5 analyst recommendation on the company stock is 1.8, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Bunge Limited (BG) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $86 and the lowest price target forecast is $56. The average forecast of all the analysts is $70.3 and the expected standard deviation is $11.12.
For the current week, the company shares have a recommendation consensus of Buy. Also, Bank of America upgrades its rating on Bunge Limited (NYSE:BG). Analysts at the Bank of America have a current rating of Buy on the shares. The shares were previously rated Neutral. The rating by the firm was issued on August 2, 2016.
Bunge Limited (NYSE:BG): The stock opened at $64.04 and touched an intraday high of $64.22 on Wednesday. During the day, the stock corrected to an intraday low of $63.56, however, the bulls stepped in and pushed the price higher to close in the green at $64.15 with a gain of 0.11% for the day. The total traded volume for the day was 944,176. The stock had closed at $64.08 in the previous trading session.
Bunge Limited is an agribusiness and food company with integrated operations that stretch from the farm field to consumer foods. The Company operates through five segments: The Agribusiness segment is involved in the purchase, storage, transport, processing and sale of agricultural commodities and commodity products. Edible oil products and milling products segments include businesses that produce and sell edible oil based products, including oils, shortenings, margarines and mayonnaise and milled grain products such as wheat flours, corn-based products and rice. The sugar and bioenergy segment produces and sells sugar and ethanol derived from sugarcane, as well as energy derived from their production process, through its operations in Brazil. The fertilizer segment is involved in producing, blending and distributing fertilizer products for the agricultural industry in South America, with assets and operations primarily in Argentina and port facilities in Brazil and Argentina.