Alert: Negative Investment/Fundamental Signals (3/4/24)-Bunge Ltd (NYSE: BG)

out_logo_500#34677.jpg

Significant negative changes in Bunge Ltd (NYSE: BG) fundamentals have recently occurred. Negative developments: the stock’s power rating fell below 50, significant quarterly sales deceleration occurred, the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly. Positive development: significant quarterly earnings acceleration occurred.

Bunge Ltd (NYSE: BG). Important negative changes in investment behavior have recently occurred: its longer term price trend turned down.

In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.

out_mm#34677.jpg

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 C (Low Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Bunge has a slightly positive Appreciation Score of 63 but a poor Power Rating of 28, resulting in the Low Neutral Value Trend Rating.

Recent Price Action

Bunge Ltd (NYSE: BG) stock declined by -3.2% on 3/4/24. The shares closed at $90.09. This decline was accompanied by normal trading volume. Relative to the market the stock has been weak over the last nine months and has declined -3.8% during the last week.

Be the first to comment

Leave a Reply

Your email address will not be published.


*