Other analysts also recently issued reports about the stock. Canaccord Genuity Group raised their price objective on shares of SunOpta from $12.00 to $14.00 in a research report on Friday, August 12th. Cowen lifted their price target on shares of SunOpta to $15.00 in a report on Monday, August 15th. Finally, Craig Hallum lifted their price target on shares of SunOpta to $18.00 in a report on Monday, August 15th.
SunOpta Stock Up 2.1 %
Shares of STKL stock opened at $9.77 on Monday. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of -97.70 and a beta of 1.52. SunOpta has a one year low of $4.22 and a one year high of $11.67. The company’s fifty day moving average price is $9.80 and its 200-day moving average price is $9.00. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.02 and a quick ratio of 0.69.
Insider Buying and Selling at SunOpta
Institutional Trading of SunOpta
Large investors have recently made changes to their positions in the business. Landscape Capital Management L.L.C. bought a new stake in shares of SunOpta in the 2nd quarter worth about $118,000. Wealth Effects LLC boosted its stake in shares of SunOpta by 8.7% during the 2nd quarter. Wealth Effects LLC now owns 83,950 shares of the company’s stock worth $653,000 after purchasing an additional 6,750 shares during the period. Thornburg Investment Management Inc. boosted its stake in shares of SunOpta by 2.2% during the 2nd quarter. Thornburg Investment Management Inc. now owns 1,680,742 shares of the company’s stock worth $13,076,000 after purchasing an additional 36,841 shares during the period. Essex Investment Management Co. LLC boosted its stake in shares of SunOpta by 36.6% during the 2nd quarter. Essex Investment Management Co. LLC now owns 1,056,384 shares of the company’s stock worth $8,219,000 after purchasing an additional 283,163 shares during the period. Finally, Epiq Partners LLC boosted its stake in shares of SunOpta by 11.6% during the 2nd quarter. Epiq Partners LLC now owns 266,980 shares of the company’s stock worth $2,077,000 after purchasing an additional 27,785 shares during the period. 79.57% of the stock is currently owned by institutional investors.
SunOpta Company Profile
SunOpta Inc manufactures and sells plant-based and fruit-based food and beverage products to retail customers, foodservice distributors, branded food companies, and food manufacturers worldwide. The company operates through two segments, Plant-Based Foods and Beverages, and Fruit-Based Foods and Beverages.
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