William Blair Downgrades SunOpta (TSE:SOY) to Hold

SunOpta (TSE:SOY) (NASDAQ:STKL) was downgraded by analysts at William Blair from a “strong-buy” rating to a “hold” rating in a report released on Friday,Zacks.com reports.

SunOpta Price Performance

Shares of SOY stock opened at C$8.74 on Friday. The firm has a market capitalization of C$1.03 billion, a price-to-earnings ratio of 874.00, a PEG ratio of 3.16 and a beta of 2.64. The company has a current ratio of 1.20, a quick ratio of 0.49 and a debt-to-equity ratio of 252.92. SunOpta has a 1 year low of C$4.69 and a 1 year high of C$10.87. The firm’s 50 day moving average is C$5.73 and its 200-day moving average is C$7.07.

SunOpta (TSE:SOY) (NASDAQ:STKL) last released its quarterly earnings results on Thursday, November 6th. The company reported C$0.05 EPS for the quarter. SunOpta had a negative net margin of 2.74% and a negative return on equity of 11.64%. The business had revenue of C$286.38 million for the quarter. Sell-side analysts forecast that SunOpta will post 0.0729076 EPS for the current fiscal year.

SunOpta Company Profile

SunOpta Inc is a Canadian company that focuses on a healthy product portfolio. The company’s operating segment includes Plant-Based Foods and Beverages and Fruit-Based Foods and Beverages. It generates maximum revenue from the Plant-Based Foods and Beverages segment. Plant-Based Foods and Beverages include plant-based beverages and liquid and dry ingredients (utilizing almond, soy) as well as broths, teas, and nutritional beverages. Fruit-Based Foods and Beverages include individually quick frozen(IQF) fruit for retail(including strawberries, mango), IQF and bulk frozen fruit for foodservice (including purees, fruit cups, and smoothies), and custom fruit preparations for industrial use.