8 Best Fertilizer Stocks To Buy Now

5. Bunge Global SA (NYSE:BG)

Average Upside Potential According to Analysts: 19.37%

Bunge Global SA (NYSE:BG) is a leading agribusiness and food company that connects farmers to consumers by providing food, feed, and fuel. The company excels in oilseed processing while also being a major supplier of fertilizers in South America. Bunge Global SA (NYSE:BG) is also committed to supporting renewable energy solutions by leveraging its crop infrastructure.

On October 5, 2023, the company announced that its shareholders approved the merger with Viterra Limited, a significant player in the grains and oilseeds market. This acquisition will strengthen Bunge Global SA’s (NYSE:BG) capabilities and expand its global presence. The management expects that the transaction will close in late 2024 or early 2025.

In Q3 2024, Bunge Global SA (NYSE:BG) reported a diluted EPS of $1.56, down from $2.47 in Q3 2023. The overall results were impacted by a challenging global margin environment. However, management remains optimistic about future growth.

On October 1, 2024, the company completed the sale of its 50% stake in BP Bunge Bioenergia. This strategic move allows the company to focus on its core operations while divesting non-essential ventures. Additionally, Bunge Global SA (NYSE:BG) is developing a new palm and specialty oils facility in Avondale, Louisiana, which will enhance its service capabilities across North America.

Bunge’s (NYSE:BG) strategic initiatives and operational efficiencies position it well for future growth. BG ranks among the top 5 on our list of the best fertilizer stocks to buy now.

On October 31, TipRanks reported that Barclays analyst Benjamin Theurer reaffirmed a Buy rating on Bunge Global SA (NYSE:BG) with a price target of $115.00.

Overall, analysts have a positive outlook on Bunge Global SA (NYSE:BG). The 12-month median price target set by analysts indicates a potential increase of 19% from the stock’s current price.