Credit Suisse Cuts Bunge Limited EPS Estimates (BG)
Credit Suisse (NYSE: CS) decreased their EPS estimates on shares of Bunge Limited (NYSE: BG) in a research note issued on Friday. The firm currently has an “outperform” rating and a $78.00 price target on the company’s shares.
Several other analysts have also recently commented on the stock. Analysts at Feltl & Co. initiated coverage on shares of Bunge Limited in a research note to investors on Thursday, March 8th. They set a “strong-buy” rating and a $83.00 price target on the stock. Separately, analysts at TheStreet upgraded shares of Bunge Limited to a “buy” rating in a research note to investors on Monday, February 13rd. Finally, analysts at Goldman Sachs (NYSE: GS) reiterated a “sell” rating on shares of Bunge Limited in a research note to investors on Friday, February 10th.
Bunge Limited traded down 0.05% on Friday, hitting $64.47. Bunge Limited has a 1-year low of $54.03 and a 1-year high of $75.95. The company has a market cap of $9.393 billion and a price-to-earnings ratio of 10.63.
The company last announced its quarterly results on Thursday, April 26th. It reported $0.69 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $1.20 EPS by $0.51. The company’s quarterly revenue was up 10.3% on a year-over-year basis. Analysts expect that Bunge Limited will post $2.14 EPS next quarter.
Bunge Limited (Bunge) is a global agribusiness and food company operating in the farm-to-consumer food chain.