SunOpta Inc. (NASDAQ:STKL)‘s stock had its “buy” rating reiterated by equities research analysts at DA Davidson in a research report issued on Wednesday. They presently have a $7.50 price objective on the stock. DA Davidson’s price target would suggest a potential upside of 11.94% from the stock’s previous close.
Several other brokerages also recently commented on STKL. TheStreet upgraded SunOpta from a “sell” rating to a “hold” rating in a research note on Wednesday, August 3rd. Zacks Investment Research downgraded SunOpta from a “hold” rating to a “sell” rating in a research note on Wednesday. Wunderlich started coverage on SunOpta in a research note on Tuesday. They set a “buy” rating and a $10.00 target price on the stock. Citigroup Inc. increased their target price on SunOpta from $5.50 to $8.00 and gave the company a “buy” rating in a research note on Friday, September 9th. Finally, AltaCorp Capital reiterated an “outperform” rating on shares of SunOpta in a research note on Tuesday, June 21st. 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 company’s stock. The company has an average rating of “Buy” and a consensus target price of $8.88.
SunOpta (NASDAQ:STKL) opened at 6.70 on Wednesday. The stock’s market capitalization is $573.61 million. The stock has a 50 day moving average price of $6.78 and a 200 day moving average price of $5.41. SunOpta has a 12 month low of $3.16 and a 12 month high of $7.40.
SunOpta (NASDAQ:STKL) last issued its earnings results on Wednesday, August 10th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.07 by $0.02. SunOpta had a negative net margin of 3.33% and a positive return on equity of 3.45%. The business had revenue of $348.10 million for the quarter, compared to analysts’ expectations of $361.55 million. During the same quarter in the prior year, the business posted $0.08 earnings per share. The business’s revenue for the quarter was up 25.4% on a year-over-year basis. On average, equities research analysts forecast that SunOpta will post $0.21 earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can purchased a new position in SunOpta during the second quarter valued at about $5,769,000. UBS Group AG raised its position in SunOpta by 34.2% in the first quarter. UBS Group AG now owns 2,827,771 shares of the company’s stock valued at $12,612,000 after buying an additional 720,824 shares in the last quarter. Royce & Associates LP raised its position in SunOpta by 21.0% in the first quarter. Royce & Associates LP now owns 2,838,169 shares of the company’s stock valued at $12,658,000 after buying an additional 491,799 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in SunOpta by 17.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,640,078 shares of the company’s stock valued at $6,866,000 after buying an additional 242,251 shares in the last quarter. Finally, Financial & Investment Management Group Ltd. raised its position in SunOpta by 52.8% in the second quarter. Financial & Investment Management Group Ltd. now owns 677,072 shares of the company’s stock valued at $2,837,000 after buying an additional 233,922 shares in the last quarter. 77.01% of the stock is currently owned by institutional investors and hedge funds.
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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