There Is Still Room For Bunge Limited (BG) to Improve Its Value – Let’s Wait for Clarity

The closing price of Bunge Limited (NYSE: BG) was $96.72 for the day, down -0.07% from the previous closing price of $96.79. In other words, the price has decreased by -$0.07 from its previous closing price. On the day, 2212259 shares were traded. BG stock price reached its highest trading level at $98.07 during the session, while it also had its lowest trading level at $95.10.

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Our analysis of BG’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.90 and its Current Ratio is at 1.70. In the meantime, Its Debt-to-Equity ratio is 0.50 whereas as Long-Term Debt/Eq ratio is at 0.35.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Robert W. Baird on February 09, 2023, Downgraded its rating to Neutral and sets its target price to $115 from $127 previously.

On December 14, 2022, UBS started tracking the stock assigning a Buy rating and target price of $133.

On August 12, 2022, Wolfe Research started tracking the stock assigning a Outperform rating and target price of $127.Wolfe Research initiated its Outperform rating on August 12, 2022, with a $127 target price.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 09 when Garros Julio sold 1,017 shares for $103.90 per share. The transaction valued at 105,665 led to the insider holds 53,780 shares of the business.

Simmons Jerry Matthews JR sold 44,666 shares of BG for $5,135,487 on May 02. The Controller, Principal Actg Off now owns 33,654 shares after completing the transaction at $114.98 per share.

Valuation Measures:

As of this moment, Bunge’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.19, and their Forward P/E ratio for the next fiscal year is 8.76. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.22 while its Price-to-Book (P/B) ratio in mrq is 1.57.

Stock Price History:

Over the past 52 weeks, BG has reached a high of $128.40, while it has fallen to a 52-week low of $80.41. The 50-Day Moving Average of the stock is 97.62, while the 200-Day Moving Average is calculated to be 96.31.

Shares Statistics:

BG traded an average of 1.75M shares per day over the past three months and 5.51M shares per day over the past ten days. A total of 149.88M shares are outstanding, with a floating share count of 129.65M. Insiders hold about 0.40% of the company’s shares, while institutions hold 87.80% stake in the company. Shares short for BG as of Jan 30, 2023 were 2.83M with a Short Ratio of 2.79M, compared to 3.32M on Dec 29, 2022. Therefore, it implies a Short% of Shares Outstanding of 1.89% and a Short% of Float of 2.17%.

Dividends & Splits

With its trailing 12-month dividend rate of 2.00, BG has a forward annual dividend rate of 2.50. Against a Trailing Annual Dividend Yield of 2.07%, it implies a Forward Annual Dividend Yield of 2.60%. The stock’s 5-year Average Dividend Yield is 3.06.

Earnings Estimates

The firm’s stock currently is rated by 8 analysts. On average, analysts expect EPS of $3.3 for the current quarter, with a high estimate of $3.62 and a low estimate of $2.84, while EPS last year was $4.26. The consensus estimate for the next quarter is $3.08, with high estimates of $3.64 and low estimates of $2.71.

Analysts are recommending an EPS of between $13.16 and $11.4 for the fiscal current year, implying an average EPS of $11.94. EPS for the following year is $11.14, with 9 analysts recommending between $12.74 and $8.9.

Revenue Estimates

It is expected that $90B in revenue will be generated in the current quarter, according to 6 analysts. It ranges from a high estimate of $17.19B to a low estimate of $14.72B. As of the current estimate, Bunge Limited’s year-ago sales were $15.88B, an estimated decrease of -1.00% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $16.78B, a decrease of -6.40% less than the figure of -$1.00% in the same quarter last year. There is a high estimate of $18.1B for the next quarter, whereas the lowest estimate is $15.68B.

A total of 9 analysts have provided revenue estimates for BG’s current fiscal year. The highest revenue estimate was $69.49B, while the lowest revenue estimate was $59.39B, resulting in an average revenue estimate of $65.05B. In the same quarter a year ago, actual revenue was $67.23B, down -3.30% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $64.27B in the next fiscal year. The high estimate is $72.47B and the low estimate is $58.43B. The average revenue growth estimate for next year is down -1.20% from the average revenue estimate for this year.