SunOpta PT Raised to $11.00 (STKL)
Investment analysts at Desjardins boosted their price objective on shares of SunOpta (NASDAQ:STKL) from $10.25 to $11.00 in a note issued to investors on Friday. The firm currently has a “sell” rating on the stock. Desjardins’ price objective points to a potential downside of 20.52% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Imperial Capital reiterated an “outperform” rating on shares of SunOpta in a research note on Thursday. They now have a $16.00 price target on the stock, up previously from $15.00. 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 research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. SunOpta has an average rating of “Buy” and an average price target of $13.42.
Shares of SunOpta (NASDAQ:STKL) traded down 2.31% on Friday, hitting $13.52. 193,040 shares of the company’s stock traded hands. SunOpta has a one year low of $8.04 and a one year high of $14.20. The stock’s 50-day moving average is $13.52 and its 200-day moving average is $11.88. The company has a market cap of $902.0 million and a P/E ratio of 54.27.
SunOpta (NASDAQ:STKL) last issued its quarterly earnings data on Tuesday, August 12th. The company reported $0.13 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.12 by $0.01. Analysts expect that SunOpta will post $0.45 EPS for the current fiscal year.
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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