SunOpta Inc. (NASDAQ:STKL) Receives Consensus Rating of “Hold” from Brokerages

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.

SunOpta (NASDAQ:STKL – Get Rating) (TSE:SOY) last posted its quarterly earnings data on Thursday, February 24th. The company reported ($0.01) EPS for the quarter. SunOpta had a negative net margin of 0.51% and a positive return on equity of 1.38%. The firm had revenue of $204.23 million for the quarter, compared to analysts’ expectations of $204.15 million. During the same period in the prior year, the company posted ($0.03) earnings per share. On average, equities research analysts anticipate that SunOpta will post 0.07 earnings per share for the current year.

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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