SunOpta (NASDAQ:STKL) Earns “Buy” Rating from DA Davidson

SunOpta (NASDAQ:STKL) (TSE:SOY)‘s stock had its “buy” rating reaffirmed by equities research analysts at DA Davidson in a research note issued on Monday,Benzinga reports. They currently have a $8.00 price target on the stock. DA Davidson’s target price indicates a potential upside of 24.80% from the stock’s previous close.

STKL has been the subject of a number of other reports. Weiss Ratings reiterated a “sell (d)” rating on shares of SunOpta in a research note on Monday, December 29th. Mizuho reduced their target price on SunOpta from $10.00 to $8.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Finally, William Blair downgraded SunOpta from a “strong-buy” rating to a “hold” rating in a report on Friday. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, SunOpta has a consensus rating of “Hold” and a consensus price target of $8.00.

SunOpta Stock Up 0.3%

Shares of NASDAQ STKL opened at $6.41 on Monday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.37 and a current ratio of 0.98. SunOpta has a 1 year low of $3.32 and a 1 year high of $7.68. The stock’s 50-day simple moving average is $4.27 and its 200-day simple moving average is $5.08. The firm has a market cap of $774.26 million, a price-to-earnings ratio of 33.68 and a beta of 1.13.

Insider Buying and Selling at SunOpta

In related news, CFO Greg Gaba purchased 15,000 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were acquired at an average cost of $3.39 per share, for a total transaction of $50,850.00. Following the transaction, the chief financial officer owned 110,970 shares of the company’s stock, valued at $376,188.30. This trade represents a 15.63% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue bought a new stake in SunOpta in the third quarter valued at $26,000. EverSource Wealth Advisors LLC increased its holdings in shares of SunOpta by 764.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,502 shares of the company’s stock worth $26,000 after acquiring an additional 3,981 shares during the period. New York State Teachers Retirement System acquired a new stake in shares of SunOpta in the 4th quarter worth about $33,000. BNP Paribas Financial Markets lifted its position in SunOpta by 65.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 9,273 shares of the company’s stock valued at $54,000 after purchasing an additional 3,669 shares during the last quarter. Finally, State of Wyoming acquired a new position in SunOpta during the 3rd quarter valued at about $61,000. 85.39% of the stock is currently owned by institutional investors.

SunOpta Company Profile

SunOpta Inc (NASDAQ: STKL) is a Canada-based company specializing in the sourcing, processing and packaging of organic and non-GMO plant-based foods and beverages. The company’s product portfolio spans a wide range of offerings, including non-dairy beverages such as oat, almond, soy and coconut drinks, fruit and plant-based beverages, and ingredient solutions for food manufacturers and foodservice customers. SunOpta’s integrated supply chain extends from ingredient sourcing and raw material preparation through to finished product formulation and packaging.

SunOpta operates through two primary business segments: Global Beverages and Global Ingredients.