SunOpta (NASDAQ: STKL) has recently received a number of price target changes and ratings updates:

  • 8/9/2017 – SunOpta was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/31/2017 – SunOpta was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/25/2017 – SunOpta was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “SunOpta Inc. is an operator of high-growth ethical businesses, focusing on integrated business models in the natural and organic food, supplements and health and beauty markets. The Company has three business units: the SunOpta Food Group, which specializes in sourcing, processing and distribution of natural and organic food products integrated from seed through packaged products; the Opta Minerals Group, a producer, distributor, and recycler of environmentally friendly industrial materials; and the SunOpta BioProcess Group which engineers and markets proprietary steam explosion technology systems for the pulp, bio-fuel and food processing industries. Each of these business units has proprietary products and services that give it a solid competitive advantage in its sector. “
  • 7/22/2017 – SunOpta was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $11.00 price target on the stock. According to Zacks, “SunOpta Inc. is an operator of high-growth ethical businesses, focusing on integrated business models in the natural and organic food, supplements and health and beauty markets. The Company has three business units: the SunOpta Food Group, which specializes in sourcing, processing and distribution of natural and organic food products integrated from seed through packaged products; the Opta Minerals Group, a producer, distributor, and recycler of environmentally friendly industrial materials; and the SunOpta BioProcess Group which engineers and markets proprietary steam explosion technology systems for the pulp, bio-fuel and food processing industries. Each of these business units has proprietary products and services that give it a solid competitive advantage in its sector. “
  • 7/19/2017 – SunOpta was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “SunOpta Inc. is an operator of high-growth ethical businesses, focusing on integrated business models in the natural and organic food, supplements and health and beauty markets. The Company has three business units: the SunOpta Food Group, which specializes in sourcing, processing and distribution of natural and organic food products integrated from seed through packaged products; the Opta Minerals Group, a producer, distributor, and recycler of environmentally friendly industrial materials; and the SunOpta BioProcess Group which engineers and markets proprietary steam explosion technology systems for the pulp, bio-fuel and food processing industries. Each of these business units has proprietary products and services that give it a solid competitive advantage in its sector. “
  • 7/15/2017 – SunOpta was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $11.00 price target on the stock. According to Zacks, “SunOpta Inc. is an operator of high-growth ethical businesses, focusing on integrated business models in the natural and organic food, supplements and health and beauty markets. The Company has three business units: the SunOpta Food Group, which specializes in sourcing, processing and distribution of natural and organic food products integrated from seed through packaged products; the Opta Minerals Group, a producer, distributor, and recycler of environmentally friendly industrial materials; and the SunOpta BioProcess Group which engineers and markets proprietary steam explosion technology systems for the pulp, bio-fuel and food processing industries. Each of these business units has proprietary products and services that give it a solid competitive advantage in its sector. “
  • 7/13/2017 – SunOpta was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “SunOpta Inc. is an operator of high-growth ethical businesses, focusing on integrated business models in the natural and organic food, supplements and health and beauty markets. The Company has three business units: the SunOpta Food Group, which specializes in sourcing, processing and distribution of natural and organic food products integrated from seed through packaged products; the Opta Minerals Group, a producer, distributor, and recycler of environmentally friendly industrial materials; and the SunOpta BioProcess Group which engineers and markets proprietary steam explosion technology systems for the pulp, bio-fuel and food processing industries. Each of these business units has proprietary products and services that give it a solid competitive advantage in its sector. “

Shares of SunOpta, Inc. (NASDAQ:STKL) traded down 2.19% on Wednesday, reaching $8.95. The company had a trading volume of 1,260,580 shares. The stock’s market cap is $769.80 million. The stock has a 50-day moving average price of $9.72 and a 200-day moving average price of $8.13. SunOpta, Inc. has a 12 month low of $5.35 and a 12 month high of $10.20.

SunOpta (NASDAQ:STKL) (TSE:SOY) last announced its earnings results on Wednesday, August 9th. The company reported ($0.01) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.04. SunOpta had a negative net margin of 3.95% and a positive return on equity of 0.58%. The business had revenue of $336.45 million for the quarter, compared to the consensus estimate of $341.18 million. During the same period in the prior year, the business posted $0.05 EPS. SunOpta’s revenue for the quarter was down 3.3% on a year-over-year basis. Analysts predict that SunOpta, Inc. will post $0.08 earnings per share for the current fiscal year.

In other SunOpta news, insider Jeffrey Gough bought 15,000 shares of the firm’s stock in a transaction on Tuesday, May 16th. The stock was acquired at an average price of $8.49 per share, with a total value of $127,350.00. Following the completion of the purchase, the insider now owns 6,600 shares of the company’s stock, valued at $56,034. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Oaktree Huntington Investment bought 223,946 shares of the firm’s stock in a transaction on Friday, May 12th. The shares were acquired at an average cost of $8.00 per share, with a total value of $1,791,568.00. The disclosure for this purchase can be found here. Insiders have acquired 257,246 shares of company stock valued at $2,071,020 in the last ninety days. Insiders own 1.88% of the company’s stock.

Sunopta Inc is a Canada-based company, which operates businesses focused on a healthy products portfolio. It operates through the following segments: Global Ingredients and Consumer Products. The 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, seeds, fruits, grain- and cocoa-based ingredients, and other commodities.

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