SunOpta Inc. (STKL) Given Consensus Recommendation of “Buy” by Analysts
Shares of SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) have earned an average recommendation of “Buy” from the eight brokerages that are covering the company. Two investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $8.88.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research raised SunOpta from a “sell” rating to a “hold” rating in a research report on Tuesday, November 15th. BMO Capital Markets reaffirmed a “buy” rating on shares of SunOpta in a research report on Thursday, November 10th. DA Davidson reissued a “buy” rating and set a $7.50 price objective on shares of SunOpta in a report on Wednesday, October 12th. Wunderlich began coverage on shares of SunOpta in a report on Tuesday, October 11th. They set a “buy” rating and a $10.00 price objective on the stock. Finally, Citigroup Inc. boosted their price objective on shares of SunOpta from $5.50 to $8.00 and gave the company a “buy” rating in a report on Friday, September 9th.
In other SunOpta news, Director Richard Dean Hollis acquired 50,000 shares of the business’s stock in a transaction on Friday, November 11th. The stock was bought at an average price of $6.55 per share, for a total transaction of $327,500.00. Following the acquisition, the director now owns 50,000 shares in the company, valued at $327,500. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.90% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Proxima Capital Management LLC acquired a new stake in SunOpta during the second quarter worth approximately $648,000. A.R.T. Advisors LLC purchased a new stake in shares of SunOpta during the second quarter worth about $292,000. Visium Asset Management LP purchased a new stake in shares of SunOpta during the second quarter worth about $326,000. KCG Holdings Inc. increased its stake in shares of SunOpta by 194.2% in the second quarter. KCG Holdings Inc. now owns 32,962 shares of the company’s stock worth $138,000 after buying an additional 21,759 shares in the last quarter. Finally, FMR LLC increased its stake in shares of SunOpta by 17.8% in the second quarter. FMR LLC now owns 1,263,850 shares of the company’s stock worth $5,295,000 after buying an additional 190,600 shares in the last quarter. Institutional investors own 73.08% of the company’s stock.
SunOpta (NASDAQ:STKL) traded up 0.27% during trading on Wednesday, hitting $7.32. The stock had a trading volume of 144,800 shares. The company’s 50 day moving average is $6.76 and its 200 day moving average is $5.84. SunOpta has a 52-week low of $3.16 and a 52-week high of $7.50. The firm’s market cap is $627.00 million.
SunOpta (NASDAQ:STKL) last issued its quarterly earnings results on Wednesday, November 9th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The business had revenue of $348.73 million for the quarter, compared to the consensus estimate of $360.50 million. SunOpta had a positive return on equity of 3.75% and a negative net margin of 3.50%. The business’s quarterly revenue was up 25.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.07 earnings per share. Equities research analysts forecast that SunOpta will post $0.20 earnings per share for the current year.
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.
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