Brokerages Set SunOpta, Inc. (STKL) Price Target at $9.33
SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) has earned an average rating of “Hold” from the seven analysts that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $9.33.
Several equities research analysts recently commented on the company. Zacks Investment Research downgraded SunOpta from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. BidaskClub lowered SunOpta from a “buy” rating to a “hold” rating in a research report on Monday, July 31st.
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In other SunOpta news, CFO Robert Mckeracher sold 36,533 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $8.41, for a total value of $307,242.53. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jeffrey Gough bought 5,000 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now owns 20,000 shares in the company, valued at $174,000. The disclosure for this purchase can be found here. Corporate insiders own 1.88% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in STKL. FMR LLC grew its position in shares of SunOpta by 85.1% during the first quarter. FMR LLC now owns 3,549,446 shares of the company’s stock worth $24,669,000 after buying an additional 1,631,721 shares in the last quarter. Gilder Gagnon Howe & Co. LLC bought a new stake in shares of SunOpta in the second quarter worth $6,028,000. Blair William & Co. IL bought a new stake in shares of SunOpta in the second quarter worth $4,565,000. Nicholas Investment Partners LP increased its stake in shares of SunOpta by 162.7% in the second quarter. Nicholas Investment Partners LP now owns 703,998 shares of the company’s stock worth $7,182,000 after buying an additional 436,049 shares during the last quarter. Finally, Brant Point Investment Management LLC bought a new stake in shares of SunOpta in the first quarter worth $2,268,000. Institutional investors own 81.94% of the company’s stock.
Shares of SunOpta (NASDAQ STKL) traded down 1.74% during midday trading on Friday, reaching $8.45. The company’s stock had a trading volume of 133,029 shares. The firm’s market capitalization is $730.89 million. The firm’s 50 day moving average is $8.64 and its 200 day moving average is $8.57. SunOpta has a 52 week low of $5.73 and a 52 week high of $10.20.
SunOpta (NASDAQ:STKL) (TSE:SOY) last released its quarterly earnings data on Wednesday, August 9th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.02). SunOpta had a negative return on equity of 0.70% and a negative net margin of 3.70%. The business had revenue of $336.45 million during the quarter, compared to analyst estimates of $341.18 million. During the same period in the previous year, the company earned $0.05 EPS. SunOpta’s revenue was down 3.3% on a year-over-year basis. Equities analysts forecast that SunOpta will post $0.02 EPS for the current fiscal year.
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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