Mega-cap growth may be back in favor, but value stocks make up an important part of an investor portfolio that should not be ignored.
For our readers looking for a stock with a low PE ratio, a solid outlook and a decent dividend, look no further. Our team has identified a strong candidate that seems like an impressive value. Find out who in today’s trade alert.
Matt’s #1 pick for 2021 [Buy Alert]
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Supply shortages and logistics disruptions have spurred a rise in food prices, which has served as motivation for agriculture companies to deliver better crop quality and yield. Bunge Ltd (BG) stands to benefit from improving profit margins on its existing inventory in the coming months. The company is also strategically reallocating its portfolio with the intent of lowering costs and expanding market reach.
New York based, Bunge Ltd. buys sells stores and transports oilseeds and grains to serve customers worldwide; process oilseeds to make protein meal for animal feed and edible oil products for commercial customers and consumers; produces sugar and ethanol from sugarcane; mills wheat, corn and rice to make ingredients used by food companies; and sells fertilizer in South America.
Earlier this month, BG finalized the sale of 35 of its U.S. grain elevators in a transaction that should help cultivate more efficient operations and allow the company to reinvest in higher return areas , all while reducing costs and strengthening its balance sheet.
Prior to that, in May, Bunge and South American logistics and technology solutions provider, Target, partnered to form Vector. Named after its freight contracting app which launched in 2020, Vector will now offer the platform’s logistics services to other companies and help increase productivity and expand market reach for both companies in the near-term.
For the fiscal quarter ending March 31st, BG’s net sales increased 41.3% year-over-year to $12.96 billion. Adjusted EPS increased 244% year-over-year tpo $3.13, surpassing Wall Street estimates for the fifth quarter in a row. Analysts expect a 15.5% rise in revenue year-over-year for the current quarter, ending September 30th to $11.73 billion. The stock has gained 81.2% in the past year.
For current year earnings, the consensus has gone up by 6.6% in the past thirty days. Rising earnings estimates is often an indicator of strengthening growth potential.
With a decent, 2.5% dividend yield, a forward PE of 10.1 and a P/S ratio of 0.3 Bunge seems like an excellent value pick. Of 11 analysts polled, 7 rate the stock a Buy and 4 rate it a Hold. There are no Sell ratings for the stock. A median 12-month price target of $98 represents a 33% increase from the current price.
Where to invest $1,000 right now...
Before you consider buying Bunge, you'll want to see this.
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And it's not Bunge.
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