FMP
Oct 31, 2024 8:07 AM - Alex Lavoie
Image credit: Google Images
Bunge Limited (NYSE:BG) is a global agribusiness and food company that operates in the production, processing, and distribution of agricultural commodities. The company is a key player in the agribusiness sector, competing with firms like Archer Daniels Midland and Cargill. On October 30, 2024, Arun Sundaram from CFRA set a price target of $90 for Bunge, suggesting a potential price increase of 4.82% from its current trading price of $85.86.
During Bunge's Q3 2024 earnings conference call, key executives, including CEO Greg Heckman and CFO John Neppl, discussed the company's financial performance. The call, attended by analysts from major financial institutions, provided insights into Bunge's strategic direction. Despite a decrease in GAAP diluted EPS to $1.56 from $2.47 the previous year, the company remains focused on its growth priorities, including the Viterra integration.
Bunge's adjusted EPS for Q3 2024 was $2.29, down from $2.99 in the same quarter last year. This decline reflects the challenging global margin environment, despite strong performances in the Agribusiness and Refined and Specialty Oils segments. The company's market capitalization is approximately $12.16 billion, with a trading volume of 3,393,775 shares on the NYSE.
The stock price of BG has seen fluctuations, with a low of $85.08 and a high of $90.03 on the day of the earnings call. Over the past year, the stock has ranged from a high of $114.92 to a low of $85.08. This volatility highlights the market's response to Bunge's financial results and strategic initiatives.
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...
May 24, 2024 9:30 AM - Rajnish Katharotiya
Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...
May 27, 2024 3:30 PM - Rajnish Katharotiya
In the ever-evolving world of technology, certain sectors have consistently demonstrated exceptional growth and innovation. The graphics processing units (GPUs) industry is one such sector, offering investors a golden opportunity for potentially high returns. In this blog, we'll delve into why inves...