Bunge (BG) Gets a Buy Rating from BMO Capital

In a report released today, Kenneth Zaslow from BMO Capital maintained a Buy rating on Bunge (BGResearch Report), with a price target of $144.00. The company’s shares closed last Wednesday at $118.96, close to its 52-week high of $128.40.

According to, Zaslow is a 5-star analyst with an average return of 12.4% and a 70.9% success rate. Zaslow covers the Consumer Goods sector, focusing on stocks such as Mondelez International, BellRing Brands, and Pilgrim’s Pride.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Bunge with a $133.17 average price target, which is a 12.9% upside from current levels. In a report released today, Credit Suisse also maintained a Buy rating on the stock with a $140.00 price target.

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The company has a one-year high of $128.40 and a one-year low of $71.73. Currently, Bunge has an average volume of 1.79M.

Based on the recent corporate insider activity of 123 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BG in relation to earlier this year.

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Bunge Ltd. operates as a holding company, which engages in the supply and transportation of agricultural commodities. It operates through the following segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy and Fertilizer. The Agribusiness segment involves in the purchase, storage, transportation, processing, and sale of agricultural commodities and commodity products. The Edible Oil Products segment includes production and sale of vegetable oils, shortenings, margarines, and mayonnaise. The Milling Products segment consists of production and sale of wheat flours, bakery mixes, corn-based products, and rice. The Sugar and Bioenergy segment comprises manufacture and marketing of sugar and ethanol derived from sugarcane, as well as energy derived from the sugar and ethanol production process. The Fertilizer segment focuses on producing, blending, and distributing fertilizer products for the agricultural industry. The company was founded by Johann Peter Gottlieb Bunge in 1818 and is headquartered in White Plains, NY.

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