SunOpta Inc. (NASDAQ:STKL) Receives $9.25 Consensus PT from Analysts

Shares of SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) have been assigned a consensus recommendation of “Buy” from the four brokerages that are presently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a buy rating. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $9.25.

A number of brokerages recently issued reports on STKL. Canaccord Genuity Group cut their price objective on SunOpta from $14.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, August 11th. Mizuho assumed coverage on SunOpta in a research report on Monday, October 2nd. They issued a “buy” rating and a $9.00 target price for the company. BMO Capital Markets decreased their price objective on SunOpta from $12.00 to $10.00 and set an “outperform” rating for the company in a research note on Thursday, August 10th. TheStreet cut SunOpta from a “c-” rating to a “d+” rating in a research note on Thursday, August 10th. Finally, StockNews.com assumed coverage on SunOpta in a research note on Thursday, October 5th. They set a “sell” rating for the company.

Insider Activity

In related news, Director Lovas Katrina Houde sold 45,000 shares of the stock in a transaction on Monday, August 21st. The stock was sold at an average price of $4.40, for a total transaction of $198,000.00. Following the sale, the director now owns 201,586 shares of the company’s stock, valued at $886,978.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 5.82% of the company’s stock.

Hedge Funds Weigh In On SunOpta

Several hedge funds and other institutional investors have recently modified their holdings of STKL. Quarry LP raised its holdings in shares of SunOpta by 932.9% during the 2nd quarter. Quarry LP now owns 4,142 shares of the company’s stock valued at $28,000 after buying an additional 3,741 shares during the period. Covestor Ltd raised its holdings in shares of SunOpta by 37,941.7% during the 2nd quarter. Covestor Ltd now owns 4,565 shares of the company’s stock valued at $30,000 after buying an additional 4,553 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of SunOpta by 81.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,200 shares of the company’s stock valued at $26,000 after buying an additional 2,338 shares during the period. Tower Research Capital LLC TRC increased its holdings in SunOpta by 89.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,487 shares of the company’s stock worth $43,000 after purchasing an additional 3,056 shares during the last quarter. Finally, Citigroup Inc. increased its holdings in SunOpta by 308.6% during the 1st quarter. Citigroup Inc. now owns 6,876 shares of the company’s stock worth $53,000 after purchasing an additional 5,193 shares during the last quarter. 97.48% of the stock is owned by institutional investors and hedge funds.

SunOpta Trading Down 0.2 %

Shares of NASDAQ:STKL opened at $4.13 on Friday. SunOpta has a 1 year low of $2.79 and a 1 year high of $11.67. The firm has a market capitalization of $488.08 million, a price-to-earnings ratio of -14.75 and a beta of 1.56. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.54 and a quick ratio of 0.46. The business’s 50 day moving average price is $3.79 and its 200-day moving average price is $5.80.

SunOpta (NASDAQ:STKL) (TSE:SOY) last posted its quarterly earnings results on Wednesday, August 9th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.02). SunOpta had a positive return on equity of 2.43% and a negative net margin of 3.29%. The company had revenue of $207.81 million for the quarter, compared to analysts’ expectations of $225.00 million. On average, equities research analysts forecast that SunOpta will post 0.02 earnings per share for the current fiscal year.

SunOpta Company Profile

SunOpta Inc engages in manufacture and sale of plant-based and fruit-based food and beverage products to retailers, foodservice operators, branded food companies, and food manufacturers in the United States, Canada, and internationally. The company operates through Plant-Based Foods and Beverages, and Fruit-Based Foods and Beverages segments.