Bunge Limited (NYSE:BG).
Equity analyst BB&T Capital initiated coverage on BG with an initial rating of “Buy”. On May 2 Credit Suisse kept the company rating at “Outperform” and raised the price target to $78.00 from $66.00.
April 29 investment analysts at Citigroup left the stock rating at “Buy” but moved down the price target from $93.00 to $80.00. On April 22 the company was downgraded from “Overweight” to “Neutral” and a price target of $57.00 was set in a report from JP Morgan.
On April 22, 2016 JP Morgan left the price objective at $57.00 and downgraded the stock to Neutral from Overweight.
The company is so far trading up by 0.61 percent from yesterday’s close. Additionally the company recently declared a dividend for shareholders to be paid on Tuesday the 5th of September 2017. The dividend payment will be $0.460 per share for the quarter or $1.84 annualized. The dividend yield will be $2.39. The ex-dividend date will be Wednesday May 17th, 2017.
Shares last traded at $75.97 which is marginally lower than $76.41, the stock’s 50 day moving average and which is just over the 200 day moving average of $75.14. The 50 day moving average was down $-0.18 and the 200 day average moved up $1.09.
Bunge Limited, launched on May 18, 1995, is an agribusiness and food company with integrated operations that stretch from the farm field to consumer foods. The Company is an oilseed processor and producer of vegetable oils and protein meals; grain processor; seller of packaged vegetable oils across the world; producer and seller of wheat flours and bakery mixes, dry milled corn products and milled rice products, and producer of sugar and ethanol in Brazil, and global trader and merchandiser of sugar. The Company operates through five segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer..
The P/E ratio is 20.23 and the market cap is 10.70B. In the latest earnings report the EPS was $3.77 and is expected to be $5.44 for the current year with 140,395,000 shares outstanding. Analysts expect next quarter’s EPS will be $1.80 and the next full year EPS is projected to be $6.24.