SunOpta Inc. (STKL) Stock Price Down 3.2%
SunOpta Inc. (NASDAQ:STKL)’s share price fell 3.2% on Thursday . The company traded as low as $6.40 and last traded at $6.43, with a volume of 269,408 shares. The stock had previously closed at $6.64.
A number of brokerages recently weighed in on STKL. Zacks Investment Research cut SunOpta from a “hold” rating to a “sell” rating in a research note on Friday, August 12th. DA Davidson lifted their target price on SunOpta from $7.00 to $7.50 and gave the company a “buy” rating in a research note on Thursday, August 11th. TheStreet raised SunOpta from a “sell” rating to a “hold” rating in a research note on Wednesday, August 3rd. Finally, AltaCorp Capital reaffirmed an “outperform” rating on shares of SunOpta in a research note on Tuesday, June 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $8.25.
The stock’s market capitalization is $550.49 million. The stock’s 50 day moving average is $5.85 and its 200 day moving average is $5.06.
SunOpta (NASDAQ:STKL) last issued 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 firm earned $348.10 million during the quarter, compared to analyst estimates of $361.55 million. During the same quarter in the previous year, the business earned $0.08 earnings per share. The firm’s revenue for the quarter was up 25.4% compared to the same quarter last year. Equities research analysts anticipate 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 boosted its stake in shares of SunOpta Inc. (NASDAQ:STKL) by 56.0% during the fourth quarter, according to its most recent 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 approximately 0.18% of SunOpta worth $1,039,000 at the end of the most recent reporting period.
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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