They reported a mixed quarter and was downgraded, and yet shares went up. He expects it to extend far past $100.
He has been looking into this. Trading at a very low multiple. Issues over the last couple of years have been miss-execution and huge exports out of Brazil and Argentina, in terms of soy, etc. It looks like south American crops might be severely diminished this year, meaning there will be no exports and people will be looking to the US, and prices will probably trend higher. You have to get over the hump of can they execute, because they haven’t been able to do so in the past.
Bunge Ltd. is a American stock, trading under the symbol BG-N on the New York Stock Exchange (BG). It is usually referred to as NYSE:BG or BG-N
In the last year, 1 stock analyst published opinions about BG-N. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Bunge Ltd..
Bunge Ltd. was recommended as a Top Pick by on . Read the latest stock experts ratings for Bunge Ltd..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered Bunge Ltd. In the last year. It is a trending stock that is worth watching.
On 2023-12-07, Bunge Ltd. (BG-N) stock closed at a price of $103.29.
With recently reported sales beating analyst estimates, we reiterate BG as a TOP PICK. Tightening margins did shave something of the top end earnings for this international agribusiness company, but we liked that cash reserves continue to grow, while debt is aggressively retired and shares bought back. It trades at 9x earnings, 1.5x book and supports a 20% ROE. The dividend is backed by a payout ratio under 20% of cash flow. We continue to recommend a stop at $95, looking to achieve $134 -- upside potential of 26%. Yield 2.4%
(Analysts’ price target is $134.67)