Goldman Sachs Downgrades Bunge Ltd to Neutral

Brokerage firm Goldman Sachs Downgrades its rating on Bunge Ltd(BG). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by the stock financial advisor at Goldman Sachs was issued on Mar 20, 2017 in a research report to their Investors and Clients.

Bunge Ltd (BG) made into the market gainers list on Wednesdays trading session with the shares advancing 2.74% or 2.15 points. Due to strong positive momentum, the stock ended at $80.74, which is also near the day’s high of $80.9. The stock began the session at $78.8 and the volume stood at 19,95,940 shares. The 52-week high of the shares is $82.66 and the 52 week low is $53.5. The company has a current market capitalization of $11,264 M and it has 13,95,08,800 shares in outstanding.

Bunge Ltd(BG) last announced its earnings results on Feb 15, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $12.059B. Analysts had an estimated revenue of $11.430B. Earnings per share were $1.7. Analysts had estimated an EPS of $1.59.

Several Insider Transactions has been reported to the SEC. On Mar 1, 2017, David Kabbes (GC and MD Corporate Affairs) sold 4,300 shares at $81.00 per share price.Also, On Mar 1, 2017, Soren Schroder (Chief Executive Officer) sold 4,258 shares at $81.59 per share price.On May 16, 2016, L Patrick Lupo (director) sold 11,230 shares at $61.28 per share price, according to the Form-4 filing with the securities and exchange commission.

Bunge Limited is an agribusiness and food company with integrated operations that stretch from the farm field to consumer foods. The Company operates through five segments: The Agribusiness segment is involved in the purchase storage transport processing and sale of agricultural commodities and commodity products. Edible oil products and milling products segments include businesses that produce and sell edible oil based products including oils shortenings margarines and mayonnaise and milled grain products such as wheat flours corn-based products and rice. The sugar and bioenergy segment produces and sells sugar and ethanol derived from sugarcane as well as energy derived from their production process through its operations in Brazil. The fertilizer segment is involved in producing blending and distributing fertilizer products for the agricultural industry in South America with assets and operations primarily in Argentina and port facilities in Brazil and Argentina.

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