SunOpta Inc. (NASDAQ:STKL) shares saw unusually-strong trading volume on Monday . Approximately 1,014,977 shares changed hands during mid-day trading, an increase of 58% from the previous session’s volume of 643,082 shares.The stock last traded at $7.02 and had previously closed at $7.01.
A number of equities analysts have recently weighed in on STKL shares. Citigroup Inc. upped their target price on SunOpta from $5.50 to $8.00 and gave the company a “buy” rating in a report on Friday, September 9th. Zacks Investment Research upgraded SunOpta from a “sell” rating to a “hold” rating in a report on Tuesday, August 2nd. AltaCorp Capital reiterated an “outperform” rating on shares of SunOpta in a report on Tuesday, June 21st. DA Davidson increased their price objective on SunOpta from $7.00 to $7.50 and gave the stock a “buy” rating in a report on Thursday, August 11th. Finally, TheStreet upgraded SunOpta from a “sell” rating to a “hold” rating in a report on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $8.13.
The company’s market capitalization is $590.73 million. The stock has a 50 day moving average price of $6.43 and a 200 day moving average price of $5.18.
SunOpta (NASDAQ:STKL) last issued its earnings results on Wednesday, August 10th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ 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 the consensus estimate of $361.55 million. During the same quarter last year, the business posted $0.08 EPS. SunOpta’s quarterly revenue was up 25.4% on a year-over-year basis. Equities analysts forecast that SunOpta Inc. will post $0.21 EPS for the current fiscal year.
A number of institutional investors have recently modified their holdings of the company. BlackRock Advisors LLC boosted its position in shares of SunOpta by 96.0% in the second quarter. BlackRock Advisors LLC now owns 77,097 shares of the company’s stock worth $323,000 after buying an additional 37,758 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of SunOpta by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 196,066 shares of the company’s stock worth $822,000 after buying an additional 1,959 shares during the period. Gamco Investors INC. ET AL boosted its position in shares of SunOpta by 1.0% in the second quarter. Gamco Investors INC. ET AL now owns 29,300 shares of the company’s stock worth $123,000 after buying an additional 300 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of SunOpta by 17.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,640,078 shares of the company’s stock worth $6,866,000 after buying an additional 242,251 shares during the period. Finally, Financial & Investment Management Group Ltd. boosted its position in shares of SunOpta by 52.8% in the second quarter. Financial & Investment Management Group Ltd. now owns 677,072 shares of the company’s stock worth $2,837,000 after buying an additional 233,922 shares during the period. Hedge funds and other institutional investors own 76.95% of the company’s stock.
SunOpta Company Profile
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.
Receive News & Ratings for SunOpta Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SunOpta Inc. and related companies with MarketBeat.com's FREE daily email newsletter.