Bunge Limited (NYSE:BG) currently has a daily average trading volume of 1.75M but it saw 2212259 shares traded on Thursday. With a market cap of 14.87B USD, stock’s current market price of $96.72 came falling about -0.07 while comparing to the previous closing price of $96.79. In past 52 weeks, the stock remained buoying in the range of price level as high as $128.40 and as low as $80.41. In the recent trading on the day, stock has struck highest price mark of $98.07 while lowest mark touched by it was $95.10.
Top 5 EV Tech Stocks to Buy for 2023
According a new report published by BloombergNEF on investment in the energy transition, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now.
Click Here to Download the FREE Report.
Sponsored
Taking a look at 20-day trading activity of Bunge Limited (BG) gives us an average price of $96.94, while its current price level is -24.67% below from 52-week high level whereas it is 20.28% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $97.65 while that of 200 days or SMA-200 reads an average of $96.22. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.56% during that period while stretching the period over a month that decreases to 2.56%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 49.22 which implies that the stock is in neutral territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Robert W. Baird which downgraded the stock as “Neutral” in its note to investors issued on February 09, 2023, recommending a price target of between $127 and $115 for it. Wolfe Research issued its recommendations for the stock as it initiated the price target for the stock is $127.
Over the week, BG’s stock price is moving 1.91% up while it is -3.24% when we observe its performance for the past one month. Year-to-date it is -3.06% down and over the past year, the stock is showing a downside performance of -10.49%.
The latest quarterly earnings report issued by the company was for quarter ended 12/30/2022, when its quarterly earnings per share (EPS) of $3.24 beat the consensus estimate of $3.22 for the same. The company is expected to be releasing its next quarterly report in 04/26/2023, for which analysts forecasted an EPS of $3.3 while estimate for next year EPS is $11.94. For BG, analysts are forecasting an EPS-growth rate of -14.20% for current year and estimate for EPS growth in next year is -6.70%. In next quarter, company is expected to be making quarterly sales of $16.78 billion as analysts are expecting the sales for current fiscal year at $65.05 billion and seeing the company making $64.27 billion in sales next year. Moreover, analysts are in estimates of $15.72 billion for current-quarter revenue.
Currently, Bunge Limited’s total number of outstanding shares is 149.88M with 0.59% of that held by the insiders while 88.05% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 13.90% and return on equity (ROE) at 18.30%. It has a price to earnings ratio (P/E ratio) of 9.19 while having a 8.76 of forward P/E ratio. Stock’s beta reads 0.66. Stock has a price to book (P/B) ratio of 1.57 while price to sale or P/S ratio amounts to 0.22. Its return on asset (ROA) is 6.10% on average.
A filing at the U.S. Securities and Exchange Commission revealed that American Funds New Perspective Fu came shrinking its share ownership by 4.84% in the Bunge Limited (BG) increasing its stake to 3.72% with control over 0.26 million shares in the company. As per SEC documents, American Funds New Perspective Fu sought 5,564,457 of company’s common stock of worth $531.41 million as per recent closing price of the stock. American Funds New Perspective Fu is not the only institutional holder which restructured its stake in Bunge Limited, as Vanguard Total Stock Market Index picked 4,592,501 shares of worth $438.58 million to bring its holdings to a total of 36112.0 shares. In the most recent quarter, American Funds Income Fund of Ame came rising its stake by 26.14% in the company and now holds 4.26 million or 2.85% of the company’s stake having worth of about 407.13 million.
