Over the past year, Bunge (NYSE:BG)'s shares have seen a notable decline, with a 1-year change showing a decrease of 20.81%. This downturn reflects broader market trends and specific industry challenges that have affected the company's stock performance. Investors and analysts are closely monitoring Bunge's strategies and market conditions to assess potential recovery paths or further impacts on its share value. InvestingPro subscribers have access to 15+ additional exclusive insights about Bunge, including detailed financial health metrics that show an overall GOOD rating, suggesting fundamental strength despite current price weakness. InvestingPro subscribers have access to 15+ additional exclusive insights about Bunge, including detailed financial health metrics that show an overall GOOD rating, suggesting fundamental strength despite current price weakness. Over the past year, Bunge's shares have seen a notable decline, with a 1-year change showing a decrease of 20.81%. This downturn reflects broader market trends and specific industry challenges that have affected the company's stock performance. Investors and analysts are closely monitoring Bunge's strategies and market conditions to assess potential recovery paths or further impacts on its share value.
In other recent news, Bunge Limited has experienced a series of adjustments to its stock price targets by various firms. Citi analysts revised their outlook on the company, reducing the price target from $94.00 to $86.00 while maintaining a Neutral rating. This was due to expectations of decreased profit due to narrower crush margins and refined oil spreads. BMO Capital Markets and CFRA also lowered their price targets for Bunge to $110 and $90 respectively, citing uncertainties in the current environment.
Bunge's pending acquisition of Viterra, expected to close in early 2025, could potentially dilute the company's earnings per share (EPS) by more than $1.50 in 2025. Despite this, Bunge maintains a solid 3.5% dividend yield and has consistently paid dividends for 25 consecutive years.
In other company developments, Bunge Global SA has reported a decrease in its share capital by $61,469, following a repurchase of shares. The company also expanded its share repurchase program by an additional $500 million, bringing the total available for share repurchases to approximately $1.3 billion.
The company's earnings per share (EPS) for the third quarter decreased to $2.29 from $2.99 in the same period last year, primarily due to costs associated with its pending merger with Viterra. Net earnings per share also fell to $1.56 from $2.47. Despite these declines, Bunge maintains a strong liquidity position and anticipates an adjusted EPS of at least $9.25 for the full year.
These are the latest developments in Bunge Limited, providing investors with an insight into the company's recent financial performance and future plans.
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