Somewhat Positive News Coverage Somewhat Unlikely to Affect SunOpta (STKL) Share Price
News headlines about SunOpta (NASDAQ:STKL) (TSE:SOY) have been trending somewhat positive on Monday, according to Accern Sentiment. The research firm scores the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. SunOpta earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave headlines about the company an impact score of 45.2587524951832 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
A number of research firms have weighed in on STKL. BidaskClub cut shares of SunOpta from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Zacks Investment Research cut shares of SunOpta from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 13th. Finally, Citigroup Inc. boosted their target price on shares of SunOpta from $8.00 to $11.50 and gave the company a “buy” rating in a research note on Wednesday, May 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. SunOpta has a consensus rating of “Hold” and a consensus price target of $9.30.
Shares of SunOpta (STKL) opened at 8.50 on Monday. SunOpta has a 52 week low of $5.73 and a 52 week high of $10.20. The stock’s market capitalization is $735.22 million. The company’s 50 day moving average is $8.89 and its 200-day moving average is $8.44.
SunOpta (NASDAQ:STKL) (TSE:SOY) last posted its quarterly earnings data on Wednesday, August 9th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). The business had revenue of $336.45 million during the quarter, compared to analysts’ expectations of $341.18 million. SunOpta had a negative return on equity of 0.70% and a negative net margin of 3.70%. The business’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.05 EPS. On average, equities analysts predict that SunOpta will post $0.02 earnings per share for the current year.
In related news, CFO Robert Mckeracher sold 36,533 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $8.41, for a total value of $307,242.53. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jeffrey Gough acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The stock was acquired at an average cost of $8.70 per share, for a total transaction of $43,500.00. Following the acquisition, the insider now owns 20,000 shares of the company’s stock, valued at approximately $174,000. The disclosure for this purchase can be found here. Company insiders own 1.88% of the company’s stock.
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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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