Citigroup has recently reduced Bunge Global SA (BG) stock to Neutral rating, as announced on August 1, 2024, according to Finviz. Earlier, on February 9, 2024, HSBC Securities had raised the stock from a Hold to Buy, setting a price target of $105. for BG stock. Citigroup also initiated Buy rating with a price target of $108. Additionally, Wolfe Research reduced Peer Perform rating on January 10, 2024. HSBC Securities analysts, in their report published on September 15, 2023, also initiated Hold rating and set a price target of $122 for Bunge Global SA’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Bunge Global SA (BG) Stock Trading Recap
On Tuesday, Bunge Global SA (BG) stock saw a decline, ending the day at $99.3 which represents a decrease of $-2.08 or -2.05% from the prior close of $101.38. The stock opened at $100.42 and touched a low of $98.71 during the day, reaching a high of $100.94. The volume of shares traded was 1.09 million falling short of the average volume of 1.26 million.
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BG Stock Performance and Moving Averages
In recent trading, Bunge Global SA (BG) stock price has shown some volatility, fluctuating -1.32% over the last five trades and 0.89% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 10.22%, and it has plunged by -8.32% in the previous three months. Currently, BG is trading at 1.87%, -5.19%, and -2.10% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, BG, a Consumer Defensive sector stock, is trading -14.28% below its 52-week high but remains 15.33% above its 52-week low. The Average True Range (ATR) (14 days) of 2.17 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Bunge Global SA’s Profitability and Valuation Ratios
Bunge Global SA’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 3.77% and a profit margin of 2.33%, with a gross margin of 10.22%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Bunge Global SA’s market capitalization stands at $14.07 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 11.25, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 10.3. Additionally, the Price-to-Sales Ratio is 0.25, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 1.41, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 0.96% of Bunge Global SA (BG)’s shares, while financial institutions hold 90.63%.
Notable insider trades include Dimopoulos Christos, Co-President, Agribusiness at Bunge Global SA (BG), who sold 20000 shares on May 22 ’24, at $103.26 each, totaling $2.07 million.
