Zacks Investment Research upgraded shares of SunOpta (NASDAQ:STKL) (TSE:SOY) from a sell rating to a hold rating in a research note issued to investors on Saturday.

According to Zacks, “SunOpta Inc. is an operator of high-growth ethical businesses, focusing on integrated business models in the natural and organic food, supplements and health and beauty markets. The Company has three business units: the SunOpta Food Group, which specializes in sourcing, processing and distribution of natural and organic food products integrated from seed through packaged products; the Opta Minerals Group, a producer, distributor, and recycler of environmentally friendly industrial materials; and the SunOpta BioProcess Group which engineers and markets proprietary steam explosion technology systems for the pulp, bio-fuel and food processing industries. Each of these business units has proprietary products and services that give it a solid competitive advantage in its sector. “

Other equities research analysts have also issued reports about the stock. ValuEngine upgraded shares of SunOpta from a hold rating to a buy rating in a report on Wednesday, October 24th. TheStreet lowered shares of SunOpta from a c- rating to a d+ rating in a report on Friday, November 9th. Finally, BidaskClub upgraded shares of SunOpta from a strong sell rating to a sell rating in a report on Friday, October 12th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. SunOpta presently has a consensus rating of Hold and a consensus target price of $10.00.

SunOpta stock opened at $4.29 on Friday. The company has a market cap of $370.62 million, a price-to-earnings ratio of -30.64 and a beta of 1.22. SunOpta has a 52-week low of $3.61 and a 52-week high of $9.10. The company has a current ratio of 1.23, a quick ratio of 0.38 and a debt-to-equity ratio of 0.98.

Several large investors have recently made changes to their positions in the business. Royce & Associates LP increased its position in shares of SunOpta by 17.3% in the 4th quarter. Royce & Associates LP now owns 1,493,807 shares of the company’s stock valued at $5,781,000 after purchasing an additional 219,900 shares during the last quarter. BlackRock Inc. increased its position in shares of SunOpta by 11.5% in the 4th quarter. BlackRock Inc. now owns 230,309 shares of the company’s stock valued at $891,000 after purchasing an additional 23,666 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of SunOpta by 174.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 211,902 shares of the company’s stock valued at $819,000 after purchasing an additional 134,700 shares during the last quarter. Cutler Group LP increased its position in shares of SunOpta by 214.8% in the 4th quarter. Cutler Group LP now owns 13,220 shares of the company’s stock valued at $51,000 after purchasing an additional 9,021 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. increased its position in shares of SunOpta by 52.7% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 93,600 shares of the company’s stock valued at $362,000 after purchasing an additional 32,300 shares during the last quarter. 79.01% of the stock is currently owned by institutional investors.

SunOpta Company Profile

SunOpta Inc sources non-genetically modified (non-GMO) and organic ingredients; and manufactures food and beverage products in the United States, Canada, Europe, Mexico, and Ethiopia. The company operates through Global Ingredients and Consumer Products segments. The Global Ingredients segment offers organic fruit- and vegetable-based raw materials and ingredients, sweeteners, cocoa, coffees, ancient grains, nuts, seeds and pulses, and other organic food products; identity preserved, non-GMO, and organic seeds and grains, including soy, corn, and sunflower; and seed and grain-based animal feed, and pet food products.

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