SunOpta, Inc. (NASDAQ:STKL) Receives $8.00 Average Target Price from Analysts

SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) has earned an average recommendation of “Hold” from the five analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $8.00.

A number of equities research analysts have issued reports on STKL shares. DA Davidson restated a “buy” rating and set a $8.00 price target on shares of SunOpta in a report on Monday. Mizuho lowered their price objective on SunOpta from $10.00 to $8.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. Weiss Ratings reissued a “sell (d)” rating on shares of SunOpta in a research report on Monday, December 29th. Finally, William Blair cut SunOpta from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 6th.

SunOpta Price Performance

Shares of SunOpta stock opened at $6.43 on Monday. The company’s 50-day moving average price is $4.32 and its two-hundred day moving average price is $5.09. The stock has a market cap of $776.68 million, a PE ratio of 33.74 and a beta of 1.13. SunOpta has a 52 week low of $3.32 and a 52 week high of $7.68. The company has a current ratio of 0.98, a quick ratio of 0.37 and a debt-to-equity ratio of 1.34.

Insider Transactions at SunOpta

In other SunOpta news, CFO Greg Gaba purchased 15,000 shares of the stock in a transaction dated Monday, November 24th. The stock was purchased at an average price of $3.39 per share, with a total value of $50,850.00. Following the transaction, the chief financial officer owned 110,970 shares of the company’s stock, valued at approximately $376,188.30. This trade represents a 15.63% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of STKL. Allianz Asset Management GmbH bought a new position in shares of SunOpta during the second quarter valued at $1,417,000. Skandinaviska Enskilda Banken AB publ lifted its position in shares of SunOpta by 34.3% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 900,235 shares of the company’s stock worth $5,221,000 after purchasing an additional 229,836 shares during the period. SG Americas Securities LLC increased its holdings in SunOpta by 3,725.7% in the 2nd quarter. SG Americas Securities LLC now owns 982,047 shares of the company’s stock worth $5,696,000 after buying an additional 956,377 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in SunOpta in the 2nd quarter worth $388,000. Finally, First Eagle Investment Management LLC raised its position in SunOpta by 37.8% during the second quarter. First Eagle Investment Management LLC now owns 586,750 shares of the company’s stock valued at $3,403,000 after purchasing an additional 160,824 shares during the period. Hedge funds and other institutional investors own 85.39% of the company’s stock.

SunOpta Company Profile

SunOpta Inc (NASDAQ: STKL) is a Canada-based company specializing in the sourcing, processing and packaging of organic and non-GMO plant-based foods and beverages. The company’s product portfolio spans a wide range of offerings, including non-dairy beverages such as oat, almond, soy and coconut drinks, fruit and plant-based beverages, and ingredient solutions for food manufacturers and foodservice customers. SunOpta’s integrated supply chain extends from ingredient sourcing and raw material preparation through to finished product formulation and packaging.

SunOpta operates through two primary business segments: Global Beverages and Global Ingredients.