The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. One share of BG stock can currently be purchased for approximately $115.29.
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Bunge (BG) Price Target & Analyst Ratings
This represents a $2.65 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend is Thursday, November 16th. Tesla’s share price gapped higher on Monday after investment bank, Morgan Stanely said Tesla’s supercomputer, known as Dojo had the potential to boost its market cap by $600 billion.
- In short, servicing the debt is getting more expensive.
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According to 7 analysts, the average rating for BG stock is “Buy.” The 12-month stock price forecast is $129.0, which is an increase of 11.88% from the latest price. Bunge saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 4,460,000 shares, an increase of 13.8% from the August 15th total of 3,920,000 shares. Based on an average trading volume of 1,240,000 shares, the short-interest ratio is currently 3.6 days. High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses.
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BG’s historical performance
against its industry peers and the overall market.
More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends. With low revenue growth and a heavy debt load, it’s not surprising that Wall Street isn’t very upbeat about B&G Foods stock. After the company proposed its new notes for 2028 yesterday, TD Cowen analyst Robert Moskow said that he expects the stock to underperform the market average, according to StreetInsider. Bunge announced a quarterly dividend on Thursday, August 17th. Investors of record on Friday, November 17th will be paid a dividend of $0.6625 per share on Friday, December 1st.
Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. These returns cover a period from January 1, 1988 through July 31, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning https://1investing.in/ of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return.
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ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. Bunge issued an update on its FY 2023 earnings guidance on Wednesday, August, 2nd. The company provided EPS guidance of $11.75- for the period, compared to the consensus EPS estimate of $11.60.
Jon Quast has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The value of shares and ETFs bought through a share dealing account can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. US CPI rose more than expected in August, but markets are convinced the Fed will not raise rates. ‘B’ score indicates good relative ESG performance and above average degree of transparency in reporting material ESG data publicly.
Is It Time to Buy BG? Shares are up today.
The consensus rating score for Bunge is 2.71 while the average consensus rating score for basic materials companies is 2.56. No individual sugar-producing companies trade on major U.S. stock exchanges, so should you invest? Learn more about the best sugar stocks to buy on MarketBeat. The company reported fourth-quarter and full-year 2016 earnings.
The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Bunge Ltd is a global agribusiness and food company with operations along the farm-to-consumer food chain.
The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023. Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns. B&G Foods stock has been declining over the last decade. And while the restructuring of its debt provides flexibility, I don’t think it materially improves the investment thesis.
Morningstar‘s Stock Analysis BG
As of the second quarter of 2023, B&G Foods had a substantial debt load of over $2.2 billion. In today’s press release, the company said that it’s planning to raise $550 million (almost $539 million net of expenses) via senior secured notes. The proceeds will go to paying down the debt due in 2025.
Highlights important summary options statistics to provide a forward looking indication of investors’ sentiment. Provides a general description of the business conducted by this company. The “Halftime Report” traders give their top picks to watch for the second half. BG, +0.18% said Tuesday it has agreed to combine with privately held Viterra Ltd. in a cash-and-stock deal valued at about $8.2 billion. Bunge and Viterra agreed to merge in an $18 billion deal that will create an agribusiness giant valued at an estimated $34 billion.
7 Wall Street research analysts have issued “buy,” “hold,” and “sell” ratings for Bunge in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should “moderate buy” BG shares. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system.
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Motley Fool Returns
This global agribusiness and food ingredient company is set to benefit as trade negotiations ease. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally intermediate goods example delayed pursuant to supplier requirements. According to analysts, Bunge’s stock has a predicted upside of 21.44% based on their 12-month price targets. Analysts like Bunge more than other Basic Materials companies.
- The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals.
- The company reported fourth-quarter and full-year 2016 earnings.
- Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.
- The value of shares and ETFs bought through a share dealing account can fall as well as rise, which could mean getting back less than you originally put in.
The company segments include Agribusiness; Refined and Specialty Oils; Milling; Sugar and Bioenergy and Corporate and Other. It generates maximum revenue from the Agribusiness segment. The company is a leading oilseed processor and seller of packaged vegetable oils and other food and ingredients products. The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals. Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods.