SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) has been assigned a consensus rating of “Hold” from the seven research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $8.50.

Several equities research analysts recently commented on the company. Zacks Investment Research cut SunOpta from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Citigroup lowered their price target on SunOpta from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Monday, November 20th. Finally, BidaskClub cut SunOpta from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 24th.

In related news, CFO Robert Mckeracher sold 36,533 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $8.41, for a total value of $307,242.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard Dean Hollis bought 10,000 shares of SunOpta stock in a transaction that occurred on Friday, November 10th. The stock was bought at an average price of $7.65 per share, with a total value of $76,500.00. Following the completion of the acquisition, the director now owns 73,745 shares in the company, valued at approximately $564,149.25. The disclosure for this purchase can be found here. Insiders own 1.88% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. GSA Capital Partners LLP acquired a new stake in SunOpta in the 3rd quarter worth approximately $1,363,000. Janus Henderson Group PLC lifted its holdings in SunOpta by 39.1% in the 3rd quarter. Janus Henderson Group PLC now owns 69,988 shares of the company’s stock worth $609,000 after purchasing an additional 19,691 shares during the last quarter. Alyeska Investment Group L.P. lifted its holdings in SunOpta by 21.0% in the 3rd quarter. Alyeska Investment Group L.P. now owns 2,197,138 shares of the company’s stock worth $19,115,000 after purchasing an additional 381,000 shares during the last quarter. Nicholas Investment Partners LP lifted its holdings in SunOpta by 48.6% in the 3rd quarter. Nicholas Investment Partners LP now owns 1,046,417 shares of the company’s stock worth $9,104,000 after purchasing an additional 342,419 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in SunOpta by 34.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 30,537 shares of the company’s stock worth $258,000 after purchasing an additional 7,800 shares during the last quarter. Hedge funds and other institutional investors own 79.28% of the company’s stock.

SunOpta (NASDAQ STKL) traded up $0.15 during trading hours on Thursday, reaching $7.95. The company’s stock had a trading volume of 194,200 shares, compared to its average volume of 435,888. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.45 and a current ratio of 1.32. SunOpta has a 52 week low of $6.00 and a 52 week high of $10.20.

SunOpta (NASDAQ:STKL) (TSE:SOY) last released its earnings results on Wednesday, November 8th. The company reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.04). SunOpta had a negative net margin of 3.99% and a negative return on equity of 2.98%. The business had revenue of $320.71 million for the quarter, compared to analysts’ expectations of $335.68 million. During the same period last year, the firm earned $0.07 EPS. The company’s revenue was down 8.0% compared to the same quarter last year. equities analysts forecast that SunOpta will post -0.09 earnings per share for the current fiscal year.

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SunOpta Company Profile

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.

Analyst Recommendations for SunOpta (NASDAQ:STKL)

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