SunOpta Inc. (STKL) Earns “Buy” Rating from DA Davidson
SunOpta Inc. (NASDAQ:STKL)‘s stock had its “buy” rating restated by research analysts at DA Davidson in a research note issued to investors on Wednesday. They currently have a $7.50 target price on the stock. DA Davidson’s price objective would indicate a potential upside of 12.02% from the company’s previous close.
A number of other brokerages have also recently weighed in on STKL. Citigroup Inc. boosted their price objective on shares of SunOpta from $5.50 to $8.00 and gave the stock a “buy” rating in a research note on Friday, September 9th. Zacks Investment Research cut shares of SunOpta from a “hold” rating to a “sell” rating in a research note on Wednesday. Wunderlich began coverage on shares of SunOpta in a research note on Tuesday. They issued a “buy” rating and a $10.00 price objective for the company. TheStreet upgraded shares of SunOpta from a “sell” rating to a “hold” rating in a research note on Wednesday, August 3rd. Finally, AltaCorp Capital restated an “outperform” rating on shares of SunOpta in a research note on Tuesday, June 21st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $8.88.
SunOpta (NASDAQ:STKL) traded up 0.37% on Wednesday, hitting $6.72. 461,019 shares of the stock were exchanged. The stock’s market cap is $575.32 million. SunOpta has a 1-year low of $3.16 and a 1-year high of $7.40. The company’s 50 day moving average is $6.77 and its 200 day moving average is $5.40.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/12/sunopta-inc-stkl-earns-buy-rating-from-da-davidson.html
SunOpta (NASDAQ:STKL) last posted its earnings results 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 business earned $348.10 million during the quarter, compared to analyst estimates of $361.55 million. SunOpta had a negative net margin of 3.33% and a positive return on equity of 3.45%. SunOpta’s revenue was up 25.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.08 earnings per share. On average, equities research analysts expect that SunOpta will post $0.21 earnings per share for the current year.
A number of institutional investors have recently made changes to their positions in the company. BlackRock Group LTD raised its position in shares of SunOpta by 105.4% in the second quarter. BlackRock Group LTD now owns 388,345 shares of the company’s stock worth $1,627,000 after buying an additional 199,294 shares during the period. BlackRock Advisors LLC raised its stake in shares of SunOpta by 96.0% in the second quarter. BlackRock Advisors LLC now owns 77,097 shares of the company’s stock valued at $323,000 after buying an additional 37,758 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of SunOpta by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 196,066 shares of the company’s stock valued at $822,000 after buying an additional 1,959 shares during the period. Gamco Investors INC. ET AL raised its stake in shares of SunOpta by 1.0% in the second quarter. Gamco Investors INC. ET AL now owns 29,300 shares of the company’s stock valued at $123,000 after buying an additional 300 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of SunOpta by 17.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,640,078 shares of the company’s stock valued at $6,866,000 after buying an additional 242,251 shares during the period. 77.01% of the stock is currently owned by institutional investors and hedge funds.
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.
Receive News & Ratings for SunOpta Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SunOpta Inc. and related companies with MarketBeat.com's FREE daily email newsletter.