Barclays Maintains an 'Overweight' on Bunge (BG); Lowers Estimates on Mixed Quarter
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Price: $113.69 +0.85%
Rating Summary:
20 Buy, 8 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
20 Buy, 8 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Barclays maintains an 'Overweight' on Bunge (NYSE: BG) price target raised $1 to $80.00.
Analyst, Farooq Hamed, felt that BG actually reported Q1 EPS of around $0.69 (adjusting the headline number of $0.57 for one-time items). However, this was still significantly lower that $1.18 consensus estimate. Hamed noted weakness in Sugar and Fertilizer segments. Although, Hamed felt that BG's Ag business helped that company report Q1 revenues of $13.4 billion (vs. Barclays estimate of $12.6 bln).
Barclays cuts from FY12 EPS estimate from $7.33 to $6.61 and FY13 from $7.78 to $7.35.
For an analyst ratings summary and ratings history on Bunge click here. For more ratings news on Bunge click here.
Shares of Bunge closed at $64.50 yesterday.
Analyst, Farooq Hamed, felt that BG actually reported Q1 EPS of around $0.69 (adjusting the headline number of $0.57 for one-time items). However, this was still significantly lower that $1.18 consensus estimate. Hamed noted weakness in Sugar and Fertilizer segments. Although, Hamed felt that BG's Ag business helped that company report Q1 revenues of $13.4 billion (vs. Barclays estimate of $12.6 bln).
Barclays cuts from FY12 EPS estimate from $7.33 to $6.61 and FY13 from $7.78 to $7.35.
For an analyst ratings summary and ratings history on Bunge click here. For more ratings news on Bunge click here.
Shares of Bunge closed at $64.50 yesterday.
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