Miller Tabak Upgrades Bunge Limited to Buy (BG)

By admin | 7 years ago

Bunge Limited (NYSE: BG) was upgraded by research analysts at Miller Tabak from a “neutral” rating to a “buy” rating in a report released on Tuesday.

Bunge Limited traded down 0.15% on Tuesday, hitting $64.46. Bunge Limited has a 1-year low of $54.03 and a 1-year high of $74.63. The company has a market cap of $9.476 billion and a price-to-earnings ratio of 12.44.

Bunge Limited last released its earnings data on Thursday, April 26th. The company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by $0.51. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. Analysts expect that Bunge Limited will post $2.18 EPS next quarter.

Several other analysts have also recently commented on the stock. Analysts at Barclays Capital (NYSE: BCS) reiterated an “overweight” rating on shares of Bunge Limited in a research note to investors on Monday, April 30th. Separately, analysts at Feltl & Co. cut their price target on shares of Bunge Limited from $83.00 to $82.00 in a research note to investors on Sunday, April 29th. They now have a “strong-buy” rating on the stock. Finally, analysts at Credit Suisse (NYSE: CS) cut their EPS estimates on shares of Bunge Limited in a research note on Friday. They now have an “outperform” rating and a $78.00 price target on the stock.

Bunge Limited (Bunge) is a global agribusiness and food company operating in the farm-to-consumer food chain.

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