U.S. markets closed
  • S&P 500

    4,173.85
    +61.35 (+1.49%)
     
  • Dow 30

    34,382.13
    +360.73 (+1.06%)
     
  • Nasdaq

    13,429.98
    +304.98 (+2.32%)
     
  • Russell 2000

    2,224.63
    +53.68 (+2.47%)
     
  • Crude Oil

    65.51
    +0.14 (+0.21%)
     
  • Gold

    1,844.00
    +5.90 (+0.32%)
     
  • Silver

    27.50
    +0.15 (+0.54%)
     
  • EUR/USD

    1.2146
    +0.0062 (+0.51%)
     
  • 10-Yr Bond

    1.6350
    -0.0330 (-1.98%)
     
  • GBP/USD

    1.4099
    +0.0048 (+0.34%)
     
  • USD/JPY

    109.2000
    -0.2340 (-0.21%)
     
  • BTC-USD

    45,587.45
    -2,880.35 (-5.94%)
     
  • CMC Crypto 200

    1,398.33
    +39.77 (+2.93%)
     
  • FTSE 100

    7,043.61
    +80.28 (+1.15%)
     
  • Nikkei 225

    28,084.47
    +636.47 (+2.32%)
     

Has Bunge (BG) Outpaced Other Basic Materials Stocks This Year?

  • Oops!
    Something went wrong.
    Please try again later.
Zacks Equity Research
·2 min read
  • Oops!
    Something went wrong.
    Please try again later.

The Basic Materials group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Bunge (BG) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Basic Materials peers, we might be able to answer that question.

Bunge is one of 240 companies in the Basic Materials group. The Basic Materials group currently sits at #4 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. BG is currently sporting a Zacks Rank of #1 (Strong Buy).

The Zacks Consensus Estimate for BG's full-year earnings has moved 22.55% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Based on the latest available data, BG has gained about 24.22% so far this year. In comparison, Basic Materials companies have returned an average of 11.50%. This shows that Bunge is outperforming its peers so far this year.

Looking more specifically, BG belongs to the Agriculture - Products industry, which includes 6 individual stocks and currently sits at #168 in the Zacks Industry Rank. On average, this group has gained an average of 66.69% so far this year, meaning that BG is slightly underperforming its industry in terms of year-to-date returns.

Investors in the Basic Materials sector will want to keep a close eye on BG as it attempts to continue its solid performance.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Bunge Limited (BG) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.