Sunopta Now Covered by Imperial Capital (STKL)
Imperial Capital started coverage on shares of Sunopta (NASDAQ:STKL) in a research note issued on Thursday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $13.00 price target on the stock. Imperial Capital’s price objective indicates a potential upside of 34.16% from the company’s current price.
The analysts wrote, “We are initiating coverage of SunOpta, Inc. (STKL) with an Outperform rating and one-year price target of $13, implying upside potential of greater than 30% from recent levels. Our positive thesis is predicated on STKL’s long-term strategic positioning in the natural and organic sector, the fastest growing segment of the consumer packaged goods sector, along with the outlook for improved profitability and ROIC as the business transforms from a low-margin ingredient supplier to a manufacturer of higher margin, value-added ingredients and consumer packaged goods.”
Shares of Sunopta (NASDAQ:STKL) traded up 3.41% on Thursday, hitting $10.02. 241,944 shares of the company’s stock traded hands. Sunopta has a one year low of $5.27 and a one year high of $10.40. The stock’s 50-day moving average is $9. and its 200-day moving average is $8.21. The company’s market cap is $664.6 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at Cantor Fitzgerald downgraded shares of Sunopta from a “buy” rating to a “hold” rating in a research note to investors on Friday, September 27th. They now have a $11.00 price target on the stock, up previously from $9.50. Analysts at Lake Street Capital initiated coverage on shares of Sunopta in a research note to investors on Wednesday, September 18th. They set a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $9.63.
SunOpta Inc is a global company focused on natural, organic and specialty foods and natural health products.
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