SunOpta Inc. (NASDAQ:STKL – Get Rating) (TSE:SOY) has been given an average rating of “Hold” by the seven brokerages that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $14.25.
A number of analysts have commented on the stock. StockNews.com assumed coverage on shares of SunOpta in a research note on Thursday, March 31st. They set a “sell” rating for the company. Canaccord Genuity Group reduced their price target on shares of SunOpta from $15.00 to $12.00 in a research report on Friday, February 25th. Finally, Zacks Investment Research lowered shares of SunOpta from a “hold” rating to a “sell” rating in a research report on Friday, February 25th.
STKL stock opened at $5.48 on Friday. The company has a current ratio of 2.30, a quick ratio of 0.77 and a debt-to-equity ratio of 0.70. SunOpta has a one year low of $4.22 and a one year high of $13.87. The firm has a market capitalization of $595.50 million, a PE ratio of -68.50 and a beta of 1.90. The firm has a 50-day moving average of $5.21 and a two-hundred day moving average of $6.13.
In other news, major shareholder Engaged Capital Llc acquired 22,561 shares of the company’s stock in a transaction that occurred on Wednesday, March 2nd. The shares were purchased at an average price of $5.21 per share, for a total transaction of $117,542.81. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.76% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. National Bank of Canada FI acquired a new position in SunOpta during the fourth quarter valued at approximately $56,000. Shell Asset Management Co. grew its holdings in SunOpta by 35.0% during the fourth quarter. Shell Asset Management Co. now owns 8,092 shares of the company’s stock valued at $56,000 after purchasing an additional 2,096 shares during the last quarter. Blossom Wealth Management acquired a new position in SunOpta during the fourth quarter valued at approximately $72,000. Kestra Advisory Services LLC acquired a new position in SunOpta during the fourth quarter valued at approximately $73,000. Finally, GSA Capital Partners LLP acquired a new position in SunOpta during the fourth quarter valued at approximately $81,000. Institutional investors own 71.30% of the company’s stock.
About SunOpta (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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