SunOpta Inc. (NASDAQ:STKL) Receives Average Rating of “Buy” from Brokerages
SunOpta Inc. (NASDAQ:STKL) has been assigned a consensus recommendation of “Buy” from the seven research firms that are presently covering the company. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $8.13.
STKL has been the subject of a number of recent research reports. Citigroup Inc. lifted their price objective on SunOpta from $5.50 to $8.00 and gave the company a “buy” rating in a research note on Friday, September 9th. DA Davidson lifted their price objective on SunOpta from $7.00 to $7.50 and gave the company a “buy” rating in a research note on Thursday, August 11th. TheStreet upgraded SunOpta from a “sell” rating to a “hold” rating in a research note on Wednesday, August 3rd. Zacks Investment Research upgraded SunOpta from a “sell” rating to a “hold” rating in a research note on Tuesday, August 2nd. Finally, AltaCorp Capital reiterated an “outperform” rating on shares of SunOpta in a research note on Tuesday, June 21st.
Several hedge funds have recently bought and sold shares of STKL. Engaged Capital LLC purchased a new stake in shares of SunOpta during the second quarter valued at approximately $220,000. Proxima Capital Management LLC purchased a new stake in shares of SunOpta during the second quarter valued at approximately $648,000. A.R.T. Advisors LLC purchased a new stake in shares of SunOpta during the second quarter valued at approximately $292,000. Visium Asset Management LP purchased a new stake in shares of SunOpta during the second quarter valued at approximately $326,000. Finally, KCG Holdings Inc. raised its stake in shares of SunOpta by 194.2% in the second quarter. KCG Holdings Inc. now owns 32,962 shares of the company’s stock valued at $138,000 after buying an additional 21,759 shares during the last quarter. 76.95% of the stock is owned by institutional investors and hedge funds.
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Shares of SunOpta (NASDAQ:STKL) traded down 0.58% during mid-day trading on Wednesday, reaching $6.86. The company had a trading volume of 268,073 shares. The stock’s market capitalization is $587.31 million. SunOpta has a one year low of $3.16 and a one year high of $7.40. The firm has a 50 day moving average of $6.43 and a 200-day moving average of $5.18.
SunOpta (NASDAQ:STKL) last announced its quarterly earnings data on Wednesday, August 10th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.02. The company had revenue of $348.10 million for the quarter, compared to analysts’ expectations of $361.55 million. SunOpta had a negative net margin of 3.33% and a positive return on equity of 3.45%. The firm’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.08 EPS. Analysts forecast that SunOpta will post $0.21 EPS for the current fiscal year.
SunOpta Company Profile
SunOpta Inc operates businesses focused on a healthy products portfolio. The Company operates through two segments: Global Ingredients and Consumer Products. Its Global Ingredients segment aggregates its North American and international raw material sourcing and supply operating segments focused on the procurement, processing and sale of specialty and organic grains and seeds, fruits, grain- and cocoa-based ingredients, and other commodities.
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