Bunge Rises On Unusually High Volume (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) is trading at unusually high volume Friday with 1.8 million shares changing hands. It is currently at 2.2 times its average daily volume and trading up $1.68 (+2.3%) at $73.80 as of 2:01 p.m. ET.

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Bunge has a market cap of $11.6 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 9.2% year to date as of the close of trading on Thursday.

Bunge Limited, through its subsidiaries, engages in the agriculture and food businesses worldwide. The company has a P/E ratio of 13.4, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Bunge as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, increase in net income, attractive valuation levels and growth in earnings per share. 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 heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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