Bunge Global SA (NYSE:BG) shares traded -0.83% lower at $69.29 on Wall Street last session.
BG stock price is now -14.01% away from the 50-day moving average and -27.27% away from the 200-day moving average. The market capitalization of the company currently stands at $9.67B.
With the price target reduced from $115 to $95, Barclays Downgraded its rating from Overweight to Equal Weight for Bunge Global SA (NYSE: BG). On August 01, 2024, Citigroup Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $125 to quote $114, while ‘HSBC Securities’ rates the stock as ‘Buy’
In other news, Dimopoulos Christos, Co-President, Agribusiness sold 20,000 shares of the company’s stock on May 22 ’24. The stock was sold for $2,065,200 at an average price of $103.26. Upon completion of the transaction, the Co-President, Agribusiness now directly owns 87,999 shares in the company, valued at $6.1 million. A total of 0.98% of the company’s stock is owned by insiders.
During the past 12 months, Bunge Global SA has had a low of $69.73 and a high of $114.92. As of last week, the company has a debt-to-equity ratio of 0.65, a current ratio of 2.15, and a quick ratio of 1.27. According to the stock market information, the enterprise value for the company is $15561825280, which is based on a 8.57 price-to-earnings ratio, a 25.21 price-to-earnings-growth ratio, and a beta of 0.65. The fifty day moving average price for BG is $80.9586 and a two-hundred day moving average price translates $95.4681 for the stock.
The latest earnings results from Bunge Global SA (NYSE: BG) was released for 2024-09-30. The net profit margin was 2.14% and return on equity was 10.43% for BG. The company reported revenue of $12.91 billion for the quarter, compared to $14.23 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -9.27 percent.
