Several other research firms have also recently weighed in on STKL. Canaccord Genuity Group decreased their price objective on shares of SunOpta from $15.00 to $12.00 in a research report on Friday, February 25th. Zacks Investment Research upgraded shares of SunOpta from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 27th. Finally, StockNews.com upgraded shares of SunOpta from a “sell” rating to a “hold” rating in a research report on Thursday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $12.90.
STKL stock opened at $7.49 on Thursday. The company has a current ratio of 2.30, a quick ratio of 0.77 and a debt-to-equity ratio of 0.70. The company’s 50 day moving average is $5.42 and its 200 day moving average is $5.85. The stock has a market cap of $813.92 million, a price-to-earnings ratio of -149.80 and a beta of 1.70. SunOpta has a 1-year low of $4.22 and a 1-year high of $13.72.
SunOpta (NASDAQ:STKL – Get Rating) (TSE:SOY) last posted its quarterly earnings data on Thursday, February 24th. The company reported ($0.01) earnings per share for the quarter. The company had revenue of $204.23 million during the quarter, compared to the consensus estimate of $204.15 million. SunOpta had a positive return on equity of 1.38% and a negative net margin of 0.51%. During the same quarter last year, the company posted ($0.03) earnings per share. As a group, sell-side analysts forecast that SunOpta will post 0.07 EPS for the current fiscal year.
In other SunOpta news, major shareholder Engaged Capital Llc purchased 22,561 shares of SunOpta stock in a transaction on Wednesday, March 2nd. The shares were acquired at an average cost of $5.21 per share, for a total transaction of $117,542.81. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.76% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in the company. PEAK6 Investments LLC boosted its stake in shares of SunOpta by 161.7% during the first quarter. PEAK6 Investments LLC now owns 41,830 shares of the company’s stock valued at $210,000 after purchasing an additional 25,847 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in SunOpta in the first quarter worth $126,000. Ergoteles LLC purchased a new stake in SunOpta in the first quarter worth $146,000. Blair William & Co. IL lifted its stake in SunOpta by 6.9% in the first quarter. Blair William & Co. IL now owns 861,352 shares of the company’s stock worth $4,324,000 after acquiring an additional 55,768 shares during the period. Finally, Cibc World Market Inc. lifted its stake in SunOpta by 31.2% in the first quarter. Cibc World Market Inc. now owns 26,006 shares of the company’s stock worth $131,000 after acquiring an additional 6,190 shares during the period. 74.13% of the stock is owned by hedge funds and other institutional investors.
SunOpta Company Profile (Get Rating)
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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