Citigroup has increased the price target for Bunge Global (NYSE:BG) from $108.00 to $117.00, as reported on Wednesday morning. The basic materials company’s stock currently holds a buy rating from Citigroup.

Other equities analysts have also weighed in on Bunge Global. Wolfe Research downgraded the company from an outperform rating to a peer perform rating, while Barclays cut their price target from $125.00 to $115.00 and set an overweight rating on the stock. HSBC raised Bunge Global from a hold rating to a buy rating and lowered their price target from $122.00 to $105.00. Robert W. Baird also cut their price target from $125.00 to $108.00 and set a neutral rating. StockNews.com downgraded Bunge Global from a buy rating to a hold rating.

Overall, four equities research analysts have rated the stock as hold, while seven have issued a buy rating. According to MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $120.44.

On Wednesday, shares of BG stock opened at $103.75. The company has a quick ratio of 1.20, a current ratio of 2.13, and a debt-to-equity ratio of 0.35. With a 50-day moving average of $93.77 and a two-hundred day moving average of $100.24, Bunge Global has seen a 52-week low of $86.10 and a 52-week high of $116.59. The company has a market cap of $14.88 billion, a P/E ratio of 6.97, and a beta of 0.64.

In its latest earnings report on February 7th, Bunge Global reported $3.70 EPS for the quarter, surpassing analysts’ consensus estimates of $2.81 by $0.89. The company had a return on equity of 18.30% and a net margin of 3.77%. Bunge Global’s quarterly revenue was $14.94 billion, slightly below the consensus estimate of $14.96 billion. The company is expected to post 9.46 EPS for the current year.

Several hedge funds and institutional investors have recently added to their positions in Bunge Global.