Navigating 4 Analyst Ratings For Bunge Global
Portfolio Pulse from Benzinga Insights
Bunge Global (NYSE:BG) received mixed analyst ratings with a shift towards a more cautious outlook, as evidenced by lowered price targets and a decrease in the average 12-month price target from $136.67 to $118. Analysts from Citigroup, Goldman Sachs, Baird, and Barclays adjusted their ratings and price targets, reflecting changes in market conditions and Bunge Global's performance. Despite a revenue decline of -15.11% over the past 3 months, Bunge Global maintains strong profitability indicators such as a net margin of 2.62%, ROE of 3.58%, and ROA of 1.47%, with a conservative debt-to-equity ratio of 0.58.
February 01, 2024 | 12:00 pm
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Bunge Global received mixed analyst ratings, with a notable decrease in the average 12-month price target. Despite a recent revenue decline, the company's profitability and financial health indicators remain strong.
The mixed analyst ratings and lowered price targets suggest a cautious outlook for Bunge Global in the short term, potentially leading to a neutral impact on its stock price. However, the company's strong profitability and financial health indicators, such as high net margin, ROE, and ROA, alongside a conservative debt-to-equity ratio, provide a solid foundation that may counterbalance the negative aspects of the revenue decline and analyst sentiment.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100