SunOpta, Inc. (STKL) Receives Average Recommendation of “Buy” from Analysts
Shares of SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) have received an average rating of “Buy” from the eight analysts that are currently covering the firm. Four equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $8.63.
A number of equities analysts have commented on STKL shares. BMO Capital Markets reissued a “buy” rating and issued a $8.50 price objective on shares of SunOpta in a research note on Wednesday, April 26th. Zacks Investment Research raised SunOpta from a “strong sell” rating to a “hold” rating and set a $10.00 price objective on the stock in a research note on Friday, May 12th. Wunderlich lowered SunOpta from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $10.00 to $8.00 in a research note on Thursday, March 2nd. DA Davidson lowered SunOpta from a “buy” rating to a “neutral” rating in a research note on Monday, March 6th. Finally, William Blair raised SunOpta from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 7th.
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In related news, insider Jeffrey Gough acquired 15,000 shares of the firm’s stock in a transaction on Tuesday, May 16th. The stock was purchased at an average cost of $8.49 per share, with a total value of $127,350.00. Following the acquisition, the insider now owns 6,600 shares of the company’s stock, valued at approximately $56,034. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Robert Duchscher acquired 5,800 shares of the firm’s stock in a transaction on Friday, May 19th. The shares were bought at an average cost of $8.94 per share, with a total value of $51,852.00. Following the completion of the acquisition, the insider now directly owns 5,800 shares in the company, valued at approximately $51,852. The disclosure for this purchase can be found here. Insiders have acquired a total of 821,325 shares of company stock valued at $5,959,465 over the last three months. Corporate insiders own 2.90% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. Janus Capital Management LLC raised its position in SunOpta by 1.4% in the first quarter. Janus Capital Management LLC now owns 14,869 shares of the company’s stock valued at $103,000 after buying an additional 211 shares in the last quarter. State Street Corp raised its position in SunOpta by 1.0% in the fourth quarter. State Street Corp now owns 34,134 shares of the company’s stock valued at $241,000 after buying an additional 326 shares in the last quarter. Ironwood Investment Management LLC raised its position in SunOpta by 0.6% in the first quarter. Ironwood Investment Management LLC now owns 134,354 shares of the company’s stock valued at $934,000 after buying an additional 739 shares in the last quarter. Dimensional Fund Advisors LP raised its position in SunOpta by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 207,764 shares of the company’s stock valued at $1,465,000 after buying an additional 2,097 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its position in SunOpta by 13.0% in the first quarter. Gamco Investors INC. ET AL now owns 27,000 shares of the company’s stock valued at $188,000 after buying an additional 3,100 shares in the last quarter. 71.97% of the stock is owned by institutional investors.
SunOpta (NASDAQ:STKL) traded down 0.781% during midday trading on Friday, reaching $9.525. The company’s stock had a trading volume of 97,680 shares. The firm has a 50 day moving average price of $7.59 and a 200 day moving average price of $7.28. SunOpta has a 1-year low of $3.60 and a 1-year high of $9.65. The firm’s market capitalization is $819.25 million.
SunOpta (NASDAQ:STKL) last posted its quarterly earnings data on Wednesday, May 10th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The company had revenue of $330 million for the quarter, compared to analyst estimates of $344.20 million. SunOpta had a positive return on equity of 3.75% and a negative net margin of 3.50%. The business’s revenue was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.03 earnings per share. On average, analysts predict that SunOpta will post $0.09 EPS for the current 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. The 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, seeds, fruits, grain- and cocoa-based ingredients, and other commodities, which are used in applications serving the natural and organic food industry.
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