SunOpta’s Outperform Rating Reaffirmed at Imperial Capital (STKL)
SunOpta (NASDAQ:STKL)‘s stock had its “outperform” rating restated by equities researchers at Imperial Capital in a research report issued on Thursday. They currently have a $16.00 price objective on the stock, up from their previous price objective of $15.00. Imperial Capital’s target price indicates a potential upside of 21.77% from the company’s current price.
SunOpta (NASDAQ:STKL) traded up 5.33% during mid-day trading on Thursday, hitting $13.84. The stock had a trading volume of 506,928 shares. SunOpta has a 1-year low of $8.04 and a 1-year high of $14.20. The stock has a 50-day moving average of $13.51 and a 200-day moving average of $11.86. The company’s market cap is $923.0 million.
SunOpta (NASDAQ:STKL) last posted its quarterly earnings results on Tuesday, August 12th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. On average, analysts predict that SunOpta will post $0.44 earnings per share for the current fiscal year.
Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of SunOpta in a research note on Tuesday, June 17th. They now have a $15.00 price target on the stock, up previously from $12.00. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. SunOpta presently has a consensus rating of “Buy” and an average price target of $13.29.
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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