Bunge Ltd (NYSE: BG) has reported earnings for its first fiscal quarter (ending March 31) of $1.68 versus $4.21 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $12.55 compared to $10.33 a year ago.
Recent Price Action
Bunge Ltd (NYSE: BG) stock closed at $105.79 on 4/24/24 after a decline of -3.5%. Moreover, this decline was accompanied by exceptionally high trading volume at 210% of normal. The stock has risen 1.8% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
BG’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Bunge has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Bunge has a neutral Appreciation Score of 48 but a poor Power Rating of 22, producing the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
Be the first to comment