SunOpta Inc. (STKL) Trading 2.5% Higher
SunOpta Inc. (NASDAQ:STKL) traded up 2.5% during mid-day trading on Friday . The stock traded as high as $6.60 and last traded at $6.57, with a volume of 1,054,220 shares. The stock had previously closed at $6.41.
Several brokerages have recently weighed in on STKL. AltaCorp Capital restated an “outperform” rating on shares of SunOpta in a report on Tuesday, June 21st. Zacks Investment Research cut SunOpta from a “hold” rating to a “sell” rating in a report on Friday, August 12th. DA Davidson boosted their target price on SunOpta from $7.00 to $7.50 and gave the stock a “buy” rating in a report on Thursday, August 11th. Finally, TheStreet upgraded SunOpta from a “sell” rating to a “hold” rating in a report on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $8.25.
The company’s 50-day moving average price is $5.50 and its 200-day moving average price is $4.99. The firm’s market cap is $565.90 million.
SunOpta (NASDAQ:STKL) last posted its quarterly earnings results on Wednesday, August 10th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by $0.02. The company had revenue of $348.10 million for the quarter, compared to analysts’ expectations of $361.55 million. During the same period in the prior year, the company earned $0.08 earnings per share. The firm’s quarterly revenue was up 25.4% compared to the same quarter last year. On average, equities analysts anticipate that SunOpta Inc. will post $0.21 EPS for the current fiscal year.
A hedge fund recently raised its stake in SunOpta stock. Jennison Associates LLC boosted its stake in SunOpta Inc. (NASDAQ:STKL) by 6.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,234,596 shares of the company’s stock after buying an additional 270,963 shares during the period. Jennison Associates LLC owned approximately 4.96% of SunOpta worth $28,965,000 as of its most recent SEC filing.
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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