SunOpta Inc. (STKL) Trading Up 2.5%
SunOpta Inc. (NASDAQ:STKL)’s share price was up 2.5% during mid-day trading on Friday . The company traded as high as $6.60 and last traded at $6.57, with a volume of 1,054,220 shares changing hands. The stock had previously closed at $6.41.
A number of equities analysts have issued reports on STKL shares. Zacks Investment Research raised shares of SunOpta from a “sell” rating to a “hold” rating in a research note on Tuesday, August 2nd. AltaCorp Capital reaffirmed an “outperform” rating on shares of SunOpta in a research note on Tuesday, June 21st. DA Davidson raised their price objective on shares of SunOpta from $7.00 to $7.50 and gave the company a “buy” rating in a research note on Thursday, August 11th. Finally, TheStreet raised shares of SunOpta from a “sell” rating to a “hold” rating in a research note on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. SunOpta currently has an average rating of “Hold” and a consensus price target of $8.50.
The company has a 50 day moving average price of $5.50 and a 200 day moving average price of $4.99. The company’s market cap is $565.90 million.
SunOpta (NASDAQ:STKL) last released its quarterly earnings data 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 company had revenue of $348.10 million for the quarter, compared to analyst estimates of $361.55 million. SunOpta’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same period last year, the company posted $0.08 EPS. Equities research analysts predict that SunOpta Inc. will post $0.21 EPS for the current year.
An institutional investor recently raised its position in SunOpta stock. Dimensional Fund Advisors LP increased its position in SunOpta Inc. (NASDAQ:STKL) by 56.0% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 151,928 shares of the company’s stock after buying an additional 54,539 shares during the period. Dimensional Fund Advisors LP owned approximately 0.18% of SunOpta worth $1,039,000 at the end of the most recent quarter.
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.
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