SunOpta’s Buy Rating Reiterated at Citigroup Inc. (STKL)
SunOpta (NASDAQ:STKL)‘s stock had its “buy” rating restated by research analysts at Citigroup Inc. in a report released on Monday. They currently have a $16.00 price target on the stock, up from their previous price target of $15.00. Citigroup Inc.’s price target points to a potential upside of 18.34% from the company’s current price.
SunOpta (NASDAQ:STKL) traded down 0.44% during mid-day trading on Monday, hitting $13.46. The stock had a trading volume of 85,663 shares. SunOpta has a 52-week low of $8.04 and a 52-week high of $14.20. The stock’s 50-day moving average is $13.52 and its 200-day moving average is $11.90. The company has a market cap of $901.0 million and a P/E ratio of 53.02.
SunOpta (NASDAQ:STKL) last released its earnings data 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. Analysts expect that SunOpta will post $0.45 EPS for the current fiscal year.
STKL has been the subject of a number of other recent research reports. Analysts at Desjardins raised their price target on shares of SunOpta from $10.25 to $11.00 in a research note on Friday. They now have a “sell” rating on 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. SunOpta has a consensus rating of “Buy” and an average target price of $13.58.
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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