SunOpta Given Average Recommendation of “Buy” by Analysts (NASDAQ:STKL)
Shares of SunOpta (NASDAQ:STKL) have received an average recommendation of “Buy” from the ten ratings firms that are covering the stock, AnalystRatingsNetwork.com reports. 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 company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $13.58.
A number of research firms have recently commented on STKL. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of SunOpta in a research note on Monday, August 18th. They now have a $16.00 price target on the stock, up previously from $15.00. Separately, analysts at Desjardins raised their price target on shares of SunOpta from $10.25 to $11.00 in a research note on Friday, August 15th. They now have a “sell” rating on the stock. Finally, analysts at Imperial Capital reiterated an “outperform” rating on shares of SunOpta in a research note on Thursday, August 14th. They now have a $16.00 price target on the stock, up previously from $15.00.
In other SunOpta news, Director Vic Hepburn sold 10,000 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $13.38, for a total value of $133,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
SunOpta (NASDAQ:STKL) opened at 13.24 on Thursday. 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 $13.44 and its 200-day moving average is $12.04. The company has a market cap of $886.2 million and a price-to-earnings ratio of 52.08.
SunOpta (NASDAQ:STKL) last announced its earnings results on Tuesday, August 12th. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.12 by $0.01. On average, analysts predict that SunOpta will post $0.45 earnings per share 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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