FY2016 EPS Estimates for SunOpta Inc. (STKL) Decreased by DA Davidson
SunOpta Inc. (NASDAQ:STKL) – Equities researchers at DA Davidson decreased their FY2016 earnings estimates for SunOpta in a research report issued to clients and investors on Monday. DA Davidson analyst E. Gottlieb now forecasts that the firm will earn $0.22 per share for the year, down from their previous forecast of $0.23. DA Davidson currently has a “Buy” rating and a $7.50 target price on the stock. DA Davidson also issued estimates for SunOpta’s Q3 2017 earnings at $0.09 EPS.
Several other equities research analysts have also commented on STKL. TheStreet upgraded SunOpta from a “sell” rating to a “hold” rating in a research report on Wednesday, August 3rd. Citigroup Inc. upped their price objective on SunOpta from $5.50 to $8.00 and gave the stock a “buy” rating in a research report on Friday, September 9th. Zacks Investment Research upgraded SunOpta from a “sell” rating to a “hold” rating in a research report on Tuesday, August 2nd. AltaCorp Capital restated an “outperform” rating on shares of SunOpta in a research report on Tuesday, June 21st. Finally, Wunderlich initiated coverage on SunOpta in a research report on Tuesday. They issued a “buy” rating and a $10.00 price objective on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $8.88.
Shares of SunOpta (NASDAQ:STKL) opened at 6.695 on Tuesday. The company’s 50-day moving average is $6.77 and its 200-day moving average is $5.40. SunOpta has a 12-month low of $3.16 and a 12-month high of $7.40. The company’s market cap is $573.18 million.
SunOpta (NASDAQ:STKL) last posted its earnings results on Wednesday, August 10th. The company reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.02. The firm had revenue of $348.10 million for the quarter, compared to the consensus estimate of $361.55 million. SunOpta had a positive return on equity of 3.45% and a negative net margin of 3.33%. The business’s revenue was up 25.4% on a year-over-year basis. During the same period last year, the company posted $0.08 EPS.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Aperio Group LLC raised its position in shares of SunOpta by 33.5% in the first quarter. Aperio Group LLC now owns 135,232 shares of the company’s stock worth $603,000 after buying an additional 33,927 shares during the period. Royce & Associates LP raised its position in shares of SunOpta by 21.0% in the first quarter. Royce & Associates LP now owns 2,838,169 shares of the company’s stock worth $12,658,000 after buying an additional 491,799 shares during the period. UBS Group AG raised its position in shares of SunOpta by 34.2% in the first quarter. UBS Group AG now owns 2,827,771 shares of the company’s stock worth $12,612,000 after buying an additional 720,824 shares during the period. Geode Capital Management LLC raised its position in shares of SunOpta by 155.9% in the first quarter. Geode Capital Management LLC now owns 97,743 shares of the company’s stock worth $435,000 after buying an additional 59,544 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of SunOpta by 316.9% in the first quarter. Renaissance Technologies LLC now owns 252,371 shares of the company’s stock worth $1,126,000 after buying an additional 191,841 shares during the last quarter. Hedge funds and other institutional investors own 77.01% 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 & Stock 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 stocks with our FREE daily email newsletter.