Investment analysts at Wunderlich initiated coverage on shares of SunOpta Inc. (NASDAQ:STKL) in a research report issued on Tuesday. The firm set a “buy” rating and a $10.00 price target on the stock. Wunderlich’s price target suggests a potential upside of 53.37% from the company’s previous close.

Other equities research analysts have also recently issued reports about the stock. Citigroup Inc. increased their price objective on shares of SunOpta from $5.50 to $8.00 and gave the company a “buy” rating in a research note on Friday, September 9th. DA Davidson increased their price objective on shares of SunOpta from $7.00 to $7.50 and gave the company a “buy” rating in a research note on Thursday, August 11th. TheStreet raised shares of SunOpta from a “sell” rating to a “hold” rating in a research note on Wednesday, August 3rd. Zacks Investment Research raised shares of SunOpta from a “sell” rating to a “hold” rating in a research note on Tuesday, August 2nd. Finally, AltaCorp Capital reissued 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 given a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $8.88.

Analyst Recommendations for SunOpta (NASDAQ:STKL)

SunOpta (NASDAQ:STKL) last announced its quarterly 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. The company earned $348.10 million during the quarter, compared to analysts’ expectations of $361.55 million. SunOpta had a negative net margin of 3.33% and a positive return on equity of 3.45%. The business’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.08 EPS.

Large investors have recently added to or reduced their stakes in the company. Aperio Group LLC boosted its stake in SunOpta by 33.5% in the first quarter. Aperio Group LLC now owns 135,232 shares of the company’s stock valued at $603,000 after buying an additional 33,927 shares in the last quarter. Royce & Associates LP boosted its stake 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. UBS Group AG boosted its stake 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. Geode Capital Management LLC boosted its stake in SunOpta by 155.9% in the first quarter. Geode Capital Management LLC now owns 97,743 shares of the company’s stock valued at $435,000 after buying an additional 59,544 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in SunOpta by 316.9% in the first quarter. Renaissance Technologies LLC now owns 252,371 shares of the company’s stock valued at $1,126,000 after buying an additional 191,841 shares in the last quarter. 77.01% of the stock is currently owned by institutional investors.

About SunOpta

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.

5 Day Chart for NASDAQ:STKL

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