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Investing.com - Barclays has upgraded Bunge Global (NYSE:BG) from Equalweight to Overweight and raised its price target to $120.00 from $105.00, citing better-than-expected outcomes from the company’s Viterra merger. The new target represents a 26% upside from the current price of $95.57, with Bunge shares already posting an impressive 26.27% gain year-to-date.
The upgrade follows Bunge’s third-quarter adjusted profits, which exceeded Barclays’ expectations. Despite ongoing macroeconomic uncertainty, Bunge has maintained its fiscal year 2025 guidance. The $19.12 billion market cap company trades at a relatively modest P/E ratio of 9.73, with diluted earnings per share of $10.00 over the last twelve months.
Barclays expressed confidence in Bunge’s ability to realize synergies from the Viterra deal and drive improved mid-cycle earnings. The firm noted that the merger has resulted in less dilution than initially feared and should lead to higher long-term margins. According to InvestingPro data, Bunge currently offers a 2.93% dividend yield and maintains a solid financial health score rated as "FAIR."
Bunge’s management believes its new diversified business model will enable improved logistics and margin capture. The company has demonstrated consistent outperformance compared to industry peers, including in the most recent quarter.
Barclays projects that 2026 will bring additional vertical integration benefits for Bunge, positioning the company to outperform competitors over the next year.
In other recent news, Bunge Limited reported impressive third-quarter earnings for 2025, significantly outperforming analyst projections. The company achieved an adjusted earnings per share (EPS) of $2.29, far exceeding the anticipated $1.44, which represents a surprise of 59.03%. Bunge’s revenue also surpassed expectations, reaching $22.16 billion compared to the projected $15.56 billion. These results indicate strong operational performance and have been well-received by investors. The earnings surprise and revenue figures highlight Bunge’s ability to navigate the current market environment effectively. While the company’s stock price movement is not discussed here, the earnings data alone suggests a positive sentiment among stakeholders. These developments are among the latest updates concerning Bunge Limited.
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