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BG

Bunge

$52.95

0.745 (1.43%)

07:04
01/22/19
01/22
07:04
01/22/19
07:04

Bunge sees FY18 total segment adjusted EBIT below previously disclosed range

The company provided an update on its full-year 2018 financial results. On a preliminary basis, Bunge now expects full-year 2018 total segment adjusted EBIT to be below the previously disclosed $1.045B low end of the outlook range. Net debt at year end 2018 was approximately $5B, reduced from approximately $7B at the end of the third quarter 2018. For the full year 2018, Bunge estimates an adjusted EBIT shortfall of approximately $90M-$100M in the Agribusiness segment and a shortfall of approximately $60M-$70M in the Sugar and Bioenergy segment, compared to the low end of the previously disclosed ranges. The Agribusiness shortfall was largely due to the reduction in value of the company's Brazilian soybean ownership as factors related to China trade and demand caused Brazilian prices to converge with U.S. prices. The Sugar and Bioenergy shortfall was primarily due to lower Brazilian ethanol prices, and a weather-related reduction in yields as a poor crop year came to a close.

BG Bunge
$52.95

0.745 (1.43%)

11/01/18
SBSH
11/01/18
NO CHANGE
Target $82
SBSH
Buy
Citi says Bunge is for sale, sees takeout value at $90 per share
Citi analyst David Driscoll says that with Bunge adding three "new, high quality" members to its board and initiating a strategic review, he believes the company is for sale in whole, or parts. The analyst thinks Bunge possesses medium term earnings power of $7.00 per share, and sees a takeout value of $90 per share. Driscoll lowered his price target for the stock to $82 from $92 and keeps a Buy rating on Bunge.
09/25/18
SBSH
09/25/18
NO CHANGE
SBSH
Buy
Citi sees 'significant turnaround' for Bunge, adds to Catalyst Watch list
Citi analyst David Driscoll added Bunge to its Catalyst Watch list ahead of the company's Q3 results. After meeting with CEO Soren Schroder, the analyst believes Bunge is set up for an inflection in Q3. He thinks the company can see "record" earnings in the second half of the year and a "significant turnaround" relative to its poor first half results. Driscoll keeps a Buy rating on the shares.
08/02/18
JPMS
08/02/18
DOWNGRADE
Target $75
JPMS
Neutral
JPMorgan downgrades Bunge on 'high bar' second half guidance
JPMorgan analyst Ann Duignan downgraded Bunge to Neutral from Overweight and lowered her price target for the shares to $75 from $82. Share upside is limited by the "high bar" set for the second half of 2018 and "still elevated execution risks" from uncertain trade policy and unresolved freight challenges in Brazil, Duignan tells investors in a research note after Bunge reiterated its 2018 EBIT guidance. She believes the aforementioned may drive further earnings volatility in 2018 and sees fewer near-term catalysts.
08/02/18
JPMS
08/02/18
DOWNGRADE
Target $75
JPMS
Neutral
Bunge downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Ann Duignan downgraded Bunge to Neutral and lowered her price target for the shares to $75 from $82.

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