Credit Suisse Downgrades Bunge Limited to Hold

By Ryan Adsit

Bunge Limited (NYSE: BG) received a Hold rating and an $80 price target from Credit Suisse analyst Robert Moskow yesterday. The company’s shares closed yesterday at $82.54, close to its 52-week high of $82.96.

According to TipRanks.com, Moskow is a 4-star analyst with an average return of 4.2% and a 58.8% success rate. Moskow covers the Consumer Goods sector, focusing on stocks such as Archer Daniels Midland, Mondelez International, and Amplify Snack Brands.

Bunge Limited has an analyst consensus of Hold, with a price target consensus of $81.25.

Bunge Limited’s market cap is currently $11.59B and has a P/E ratio of 22.58. The company has a book value ratio of 1.7197.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Bunge Ltd. is a global agribusiness and food company, with integrated operations that stretch from the farm field to consumer foods. It operates its business through five segments: Agribusiness, Sugar & Bioenergy, Edible Oil Products, Milling Products and Fertilizer. The Agribusiness segment is an integrated business involved in the purchase, storage, transport, processing and sale of agricultural commodities and commodity products. Its principal agricultural commodities include oilseeds and grains, primarily soybeans, rapeseed or canola, sunflower seed, wheat and corn. The Sugar & Bioenergy segment produces and sells sugar and ethanol derived from sugarcane, as well as energy derived from its production process. The Edible Oil Products segment include packaged and bulk oils, shortenings, margarines, mayonnaise and other products derived from the vegetable oil refining process. The Milling Products segment includes the production and sale of wheat flours and bakery mixes in Brazil and corn-based products derived from the corn dry milling process, as well as rice milling in North America. The Fertilizer segment includes blending and distribution of crop fertilizers to farmers producing and marketing solid and liquid fertilizer formulations. The company was founded by Johann Peter Gottlieb Bunge in 1818 and is headquartered in White Plains, NY.