SunOpta Inc. (NASDAQ:STKL) – Equities research analysts at DA Davidson dropped their FY2016 EPS estimates for SunOpta in a research report issued on Monday. DA Davidson analyst E. Gottlieb now expects that the brokerage will post earnings per share of $0.22 for the year, down from their previous forecast of $0.23. DA Davidson currently has a “Buy” rating and a $7.50 price target on the stock. DA Davidson also issued estimates for SunOpta’s Q3 2017 earnings at $0.09 EPS.
SunOpta (NASDAQ:STKL) last posted its quarterly earnings data on Wednesday, August 10th. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by $0.02. SunOpta had a positive return on equity of 3.45% and a negative net margin of 3.33%. The company had revenue of $348.10 million for the quarter, compared to analyst estimates of $361.55 million. During the same quarter in the previous year, the firm posted $0.08 earnings per share. The company’s quarterly revenue was up 25.4% on a year-over-year basis.
A number of other research analysts also recently commented on STKL. AltaCorp Capital reaffirmed an “outperform” rating on shares of SunOpta in a research report on Tuesday, June 21st. Zacks Investment Research raised shares of SunOpta from a “sell” rating to a “hold” rating in a research report on Tuesday, August 2nd. TheStreet raised shares of SunOpta from a “sell” rating to a “hold” rating in a research report on Wednesday, August 3rd. Citigroup Inc. increased their target price on shares of SunOpta from $5.50 to $8.00 and gave the company a “buy” rating in a research report on Friday, September 9th. Finally, Wunderlich initiated coverage on shares of SunOpta in a research report on Tuesday. They issued a “buy” rating and a $10.00 target price on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $8.88.
SunOpta (NASDAQ:STKL) traded down 1.49% during midday trading on Tuesday, hitting $6.62. 35,465 shares of the stock traded hands. The company has a 50-day moving average price of $6.77 and a 200 day moving average price of $5.41. SunOpta has a one year low of $3.16 and a one year high of $7.40. The stock’s market cap is $566.76 million.
Hedge funds have recently modified their holdings of the company. Engaged Capital LLC purchased a new stake in SunOpta during the second quarter valued at approximately $220,000. Proxima Capital Management LLC purchased a new stake in SunOpta during the second quarter valued at approximately $648,000. A.R.T. Advisors LLC purchased a new stake in SunOpta during the second quarter valued at approximately $292,000. Visium Asset Management LP purchased a new stake in SunOpta during the second quarter valued at approximately $326,000. Finally, KCG Holdings Inc. boosted its stake in SunOpta by 194.2% in the second quarter. KCG Holdings Inc. now owns 32,962 shares of the company’s stock valued at $138,000 after buying an additional 21,759 shares during the period. Hedge funds and other institutional investors own 77.01% of the company’s stock.
SunOpta Inc operates businesses focused on a healthy products portfolio. The Company operates through two segments: Global Ingredients and Consumer Products. Its Global Ingredients segment aggregates its North American and international raw material sourcing and supply operating segments focused on the procurement, processing and sale of specialty and organic grains and seeds, fruits, grain- and cocoa-based ingredients, and other commodities.
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