In the latest session, Bunge Global SA (NYSE: BG) closed at $92.49 up 0.66% from its previous closing price of $91.88. In other words, the price has increased by $+0.61 from its previous closing price. On the day, 1824211 shares were traded. BG stock price reached its highest trading level at $93.28 during the session, while it also had its lowest trading level at $91.83.
Ratios:
For a deeper understanding of Bunge Global SA’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.86 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.13. For the most recent quarter (mrq), Quick Ratio is recorded 1.14 and its Current Ratio is at 2.13. In the meantime, Its Debt-to-Equity ratio is 0.53 whereas as Long-Term Debt/Eq ratio is at 0.43.
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, HSBC Securities on February 09, 2024, Upgraded its rating to Buy and sets its target price to $105 from $122 previously.
On February 01, 2024, Citigroup started tracking the stock assigning a Buy rating and target price of $108.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Aug 16 ’23 when Dimopoulos Christos sold 20,000 shares for $111.89 per share. The transaction valued at 2,237,718 led to the insider holds 73,291 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BG now has a Market Capitalization of 13.44B and an Enterprise Value of 17.14B. As of this moment, Bunge’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.21, and their Forward P/E ratio for the next fiscal year is 9.46. 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 1.24. Its current Enterprise Value per Revenue stands at 0.28 whereas that against EBITDA is 4.80.
Stock Price History:
Over the past 52 weeks, BG has reached a high of $116.59, while it has fallen to a 52-week low of $86.10. The 50-Day Moving Average of the stock is 93.29, while the 200-Day Moving Average is calculated to be 101.80.
Shares Statistics:
For the past three months, BG has traded an average of 1.65M shares per day and 1.69M over the past ten days. A total of 145.32M shares are outstanding, with a floating share count of 142.29M. Insiders hold about 0.79% of the company’s shares, while institutions hold 87.77% stake in the company. Shares short for BG as of Feb 15, 2024 were 3.87M with a Short Ratio of 2.34, compared to 4.78M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.67% and a Short% of Float of 3.54%.
Dividends & Splits
According to the company, the forward annual dividend rate for BG is 2.61, from 2.61 in the trailing year. Against a Trailing Annual Dividend Yield of 2.84%, it implies a Forward Annual Dividend Yield of 2.87%. The stock’s 5-year Average Dividend Yield is 2.97.
Earnings Estimates
There are 10 different market analysts currently analyzing its stock. On average, analysts expect EPS of $2.52 for the current quarter, with a high estimate of $2.82 and a low estimate of $2.2, while EPS last year was $3.26. The consensus estimate for the next quarter is $2.1, with high estimates of $2.28 and low estimates of $1.72.
Analysts are recommending an EPS of between $9.89 and $9 for the fiscal current year, implying an average EPS of $9.44. EPS for the following year is $9.77, with 10 analysts recommending between $10.5 and $8.5.
Revenue Estimates
A total of 6 analysts believe the company’s revenue will be $14.17B this quarter.It ranges from a high estimate of $16.51B to a low estimate of $12.47B. As of the current estimate, Bunge Global SA’s year-ago sales were $14.78B, an estimated decrease of -4.10% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $14.19B, a decrease of -13.40% less than the figure of -$4.10% in the same quarter last year. There is a high estimate of $16.32B for the next quarter, whereas the lowest estimate is $13.01B.
A total of 10 analysts have provided revenue estimates for BG’s current fiscal year. The highest revenue estimate was $65.47B, while the lowest revenue estimate was $52.59B, resulting in an average revenue estimate of $56.33B. In the same quarter a year ago, actual revenue was $59.54B, down -5.40% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $57B in the next fiscal year. The high estimate is $65.28B and the low estimate is $53.13B. The average revenue growth estimate for next year is up 1.20% from the average revenue estimate for this year.
