SunOpta, Inc. (STKL) Receives Average Recommendation of “Hold” from Analysts
SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) has earned an average recommendation of “Hold” from the seven research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned 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 $9.50.
Several research firms have issued reports on STKL. Zacks Investment Research raised SunOpta from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a report on Wednesday, October 11th. BidaskClub downgraded SunOpta from a “sell” rating to a “strong sell” rating in a report on Thursday, August 24th.
In other news, insider Jeffrey Gough acquired 5,000 shares of SunOpta stock in a transaction on Friday, August 11th. The shares were purchased at an average price of $8.70 per share, with a total value of $43,500.00. Following the acquisition, the insider now owns 20,000 shares in the company, valued at $174,000. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO John Ruelle sold 38,361 shares of the company’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $8.75, for a total value of $335,658.75. Following the transaction, the chief accounting officer now directly owns 38,361 shares in the company, valued at approximately $335,658.75. The disclosure for this sale can be found here. 1.88% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the company. Janus Capital Management LLC lifted its stake in shares of SunOpta by 1.4% in the 1st quarter. Janus Capital Management LLC now owns 14,869 shares of the company’s stock valued at $103,000 after purchasing an additional 211 shares during the period. Atria Investments LLC acquired a new position in shares of SunOpta in the 2nd quarter valued at $104,000. South State Corp acquired a new position in shares of SunOpta in the 2nd quarter valued at $110,000. Cookson Peirce & Co. Inc. acquired a new position in shares of SunOpta in the 2nd quarter valued at $143,000. Finally, Tudor Investment Corp ET AL acquired a new position in shares of SunOpta in the 2nd quarter valued at $153,000. 82.39% of the stock is currently owned by institutional investors.
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Shares of SunOpta (NASDAQ STKL) traded up 1.10% during trading on Wednesday, hitting $9.20. The stock had a trading volume of 145,949 shares. SunOpta has a 52 week low of $6.00 and a 52 week high of $10.20. The stock’s market capitalization is $795.76 million. The stock’s 50 day moving average is $8.83 and its 200 day moving average is $8.85.
SunOpta (NASDAQ:STKL) (TSE:SOY) last posted its quarterly earnings data on Wednesday, August 9th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.02). SunOpta had a negative return on equity of 0.70% and a negative net margin of 3.70%. The firm had revenue of $336.45 million for the quarter, compared to analyst estimates of $341.18 million. During the same period in the prior year, the company posted $0.05 EPS. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. On average, equities research analysts expect that SunOpta will post $0.02 earnings per share for the current fiscal year.
Sunopta Inc is a Canada-based company, which operates businesses focused on a healthy products portfolio. It operates through the following 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.
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