SunOpta Sets New 1-Year High at $13.71 (STKL)
SunOpta (NASDAQ:STKL)’s share price reached a new 52-week high during mid-day trading on Tuesday , Analyst Ratings Network.com reports. The company traded as high as $13.71 and last traded at $13.42, with a volume of 538,380 shares. The stock had previously closed at $13.02.
Several analysts have recently commented on the stock. Analysts at Northland Securities raised their price target on shares of SunOpta from $11.50 to $15.00 in a research note on Thursday, May 15th. They now have an “outperform” rating on the stock. Separately, analysts at Desjardins downgraded shares of SunOpta from a “hold” rating to a “sell” rating in a research note on Thursday, April 17th. They now have a $10.25 price target on the stock, up previously from $8.50. Finally, analysts at Imperial Capital raised their price target on shares of SunOpta from $13.00 to $15.00 in a research note on Thursday, April 10th. They now have an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. SunOpta currently has an average rating of “Buy” and a consensus price target of $12.75.
The stock’s 50-day moving average is $11.82 and its 200-day moving average is $10.2. The company’s market cap is $894.0 million.
SunOpta (NASDAQ:STKL) last announced its earnings results on Tuesday, May 13th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.02. The company had revenue of $333.50 million for the quarter, compared to the consensus estimate of $297.27 million. Analysts expect that SunOpta will post $0.44 EPS for the current fiscal year.
In other SunOpta news, Director Michael Detlefsen purchased 5,000 shares of the company’s stock in a transaction dated Wednesday, May 21st. The stock was purchased at an average cost of $12.31 per share, with a total value of $61,550.00. Following the acquisition, the director now directly owns 16,780 shares in the company, valued at approximately $206,562. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
SunOpta Inc (NASDAQ:STKL) is a global company operating businesses focused on a healthy products portfolio that promotes sustainable well-being.
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