After quarterly earnings plummeted by 34 percent in 2011, Bunge Limited (NYSE: BG) appears poised to rebound nicely in 2012.
Bunge is looking for a 15 percent boost in its share price in 2012, with analysts having a mixed outlook recently.
Bunge Limited had its price target cut by Barclays Capital (NYSE:BCS) from $81.00 to $79.00. They have an “Overweight” rating on the company.
Bunge Limited had its “Sell” rating reiterated by Goldman Sachs (NYSE:GS).
Bunge Limited was upgraded by TheStreet to a “Buy” rating.
Bunge Limited had its price target raised by Credit Suisse (NYSE:CS) to $80.00. They have an “Outperform” rating on the company.
The agribusiness company has placed an estimate of $73.25 on its shares for 2012, with some analysts looking at $80.00 a share for the year. They have a dividend of $1.00, yielding 1.7 percent.
Amrit Banaspati Co Ltd., the edible oils and fats business, will be soon acquired by Bunge.
That and the organic push at the end of the year bodes well for the food company.
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