Bunge Reaches New 52-Week High (BG)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Bunge (NYSE: BG) hit a new 52-week high Thursday as it is currently trading at $71.50, above its previous 52-week high of $71.23 with 249,204 shares traded as of 10 a.m. ET. Average volume has been 1.1 million shares over the past 30 days.

Bunge has a market cap of $10.24 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 22.5% year to date as of the close of trading on Wednesday.

Bunge Limited, through its subsidiaries, engages in the agriculture and food businesses worldwide. The company has a P/E ratio of 11.9, below the average food & beverage industry P/E ratio of 14.3 and below the S&P 500 P/E ratio of 17.7.

  • ACTIVE STOCK TRADERS: Get full access to Jim Cramer's thoughts for less than $3/week - sometimes before he says them on TV! Start with a 14-Day Free Trial.

TheStreet Ratings rates Bunge as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, solid stock price performance and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Bunge Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.
null