SunOpta Inc. (STKL) Trading Up 3.6%
SunOpta Inc. (NASDAQ:STKL) shares traded up 3.6% on Tuesday . The stock traded as high as $6.58 and last traded at $6.58, with a volume of 203,819 shares. The stock had previously closed at $6.35.
Several analysts have recently issued reports on the company. Zacks Investment Research upgraded SunOpta from a “sell” rating to a “hold” rating in a research note on Wednesday, May 4th. AltaCorp Capital reiterated an “outperform” rating on shares of SunOpta in a research note on Tuesday, June 21st. DA Davidson upped their price target on SunOpta from $7.00 to $7.50 and gave the stock a “buy” rating in a research note on Thursday, August 11th. Finally, TheStreet upgraded SunOpta from a “sell” rating to a “hold” rating in a research note on Wednesday, August 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $8.25.
The firm’s 50 day moving average is $5.81 and its 200 day moving average is $5.05. The firm’s market capitalization is $571.04 million.
SunOpta (NASDAQ:STKL) last posted its earnings results on Wednesday, August 10th. The company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by $0.02. The business earned $348.10 million during the quarter, compared to analysts’ expectations of $361.55 million. During the same quarter in the previous year, the company posted $0.08 EPS. The company’s quarterly revenue was up 25.4% on a year-over-year basis. Analysts forecast that SunOpta Inc. will post $0.21 earnings per share for the current year.
A hedge fund recently raised its stake in SunOpta stock. Dimensional Fund Advisors LP raised its stake in SunOpta Inc. (NASDAQ:STKL) by 56.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 151,928 shares of the company’s stock after buying an additional 54,539 shares during the period. Dimensional Fund Advisors LP owned about 0.18% of SunOpta worth $1,039,000 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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