SunOpta Inc. (STKL) Receives “Buy” Rating from DA Davidson
Other analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of SunOpta from a hold rating to a sell rating in a report on Friday, August 12th. TheStreet raised shares of SunOpta from a sell rating to a hold rating in a research note on Wednesday, August 3rd. Wunderlich started coverage on shares of SunOpta in a research note on Tuesday, October 11th. They issued a buy rating and a $10.00 price target for the company. AltaCorp Capital reissued an outperform rating on shares of SunOpta in a research note on Tuesday, June 21st. Finally, Citigroup Inc. boosted their price target on shares of SunOpta from $5.50 to $8.00 and gave the stock a buy rating in a research note on Friday, September 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. SunOpta currently has an average rating of Buy and an average price target of $8.88.
SunOpta (NASDAQ:STKL) opened at 6.64 on Wednesday. The company’s market cap is $568.47 million. The stock’s 50 day moving average is $6.80 and its 200-day moving average is $5.46. SunOpta has a 52-week low of $3.16 and a 52-week high of $7.40.
SunOpta (NASDAQ:STKL) last posted its quarterly earnings data on Wednesday, August 10th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by $0.02. SunOpta had a positive return on equity of 3.45% and a negative net margin of 3.33%. The company had revenue of $348.10 million for the quarter, compared to the consensus estimate of $361.55 million. During the same period in the prior year, the firm posted $0.08 earnings per share. The business’s revenue was up 25.4% on a year-over-year basis. Equities research analysts predict that SunOpta will post $0.21 EPS for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in STKL. Gamco Investors INC. ET AL boosted its position in SunOpta by 1.0% in the second quarter. Gamco Investors INC. ET AL now owns 29,300 shares of the company’s stock worth $123,000 after buying an additional 300 shares during the last quarter. Quantum Capital Management boosted its position in SunOpta by 71.3% in the first quarter. Quantum Capital Management now owns 29,598 shares of the company’s stock worth $132,000 after buying an additional 12,315 shares during the last quarter. KCG Holdings Inc. boosted its position in SunOpta by 194.2% in the second quarter. KCG Holdings Inc. now owns 32,962 shares of the company’s stock worth $138,000 after buying an additional 21,759 shares during the last quarter. Engaged Capital LLC purchased a new position in SunOpta during the second quarter worth about $220,000. Finally, A.R.T. Advisors LLC purchased a new position in SunOpta during the second quarter worth about $292,000. Hedge funds and other institutional investors own 76.82% of the company’s stock.
SunOpta Company Profile
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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