1 Reliable Stock That Has Recently Reached Its Highest Point in Three Years

Bunge (BG): A Snapshot

• Bunge (BG) stands as a prominent player in the global agribusiness and food sector.
• The stock demonstrates robust technical strength and currently holds a unanimous “Buy” rating from Barchart.
• On January 29, shares reached their highest level in three years.
• Analyst perspectives vary, with price targets spanning from $80 to $135.

Today’s Highlighted Stock

With a market value of $22.3 billion, Bunge operates as a fully integrated agribusiness and food company, managing the entire supply chain from farms to consumers. The company is involved in processing, production, logistics, distribution, and marketing of food products across five continents.

Key Observations

Today’s featured chart was selected using Barchart’s advanced screening tools, focusing on stocks with the strongest technical buy signals and notable momentum. The Trend Seeker indicator recently issued a “Buy” signal for BG, and since January 8, the stock has climbed 16.34%. Flipcharts were also used to confirm consistent upward price trends, and BG met all criteria.

Latest Insights from Barchart

Barchart’s Technical Analysis for Bunge

Editor’s Note:

The technical metrics provided below are refreshed every 20 minutes during trading hours and may differ from what is displayed on Barchart.com at the time you read this. These indicators collectively shape Barchart’s current outlook for the stock.

On January 29, Bunge achieved a new three-year peak at $119.57.

• BG’s Weighted Alpha stands at +59.04.
• Barchart maintains a 100% “Buy” consensus for Bunge.
• The stock has appreciated 46.19% over the last year.
• The Trend Seeker “Buy” signal remains active for BG.
• Recent trading placed the stock at $113.28, with a 50-day moving average of $97.99.
• Bunge has reached 18 new highs and surged 26.58% in the past month.
• The Relative Strength Index (RSI) is currently at 72.71.
• Technical support is identified near $113.28.

Fundamental Highlights

• Market capitalization: $22.3 billion
• Trailing price-to-earnings ratio: 15.3x
• Dividend yield: 2.49%
• Revenue is forecasted to grow by 30.02% this year and by 34.57% next year.
• Earnings are expected to decline by 20.11% this year, but rebound with a 21.79% increase next year.

Analyst and Investor Perspectives

• Barchart’s analyst coverage includes 8 “Strong Buy,” 1 “Moderate Buy,” and 1 “Hold” rating, with price targets ranging from $80 to $120.
• Value Line assigns an “Average” rating, with targets between $50 and $135.
• CFRA’s Market Scope suggests a “Hold” with a $103 price target.
• Morningstar considers the stock to be fairly valued.
• On Seeking Alpha, 19,920 users follow BG, which is rated as a “Hold.”
• Short interest is low, at 3.31% of the float, with 4.82 days required to cover.

Conclusion: Bunge’s Position in the Industry

The agribusiness and food distribution sector is a foundational and resilient industry, and Bunge is recognized as one of its key leaders.