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

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

A number of analysts have weighed in on the company. DA Davidson restated a “buy” rating and issued a $8.00 price target on shares of SunOpta in a research note on Monday, February 9th. William Blair cut SunOpta from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 6th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of SunOpta in a research report on Monday, December 29th.

Institutional Trading of SunOpta

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Corient Private Wealth LLC boosted its holdings in shares of SunOpta by 7.7% in the 4th quarter. Corient Private Wealth LLC now owns 156,495 shares of the company’s stock valued at $595,000 after buying an additional 11,212 shares in the last quarter. Zazove Associates LLC lifted its position in SunOpta by 14.6% in the fourth quarter. Zazove Associates LLC now owns 275,000 shares of the company’s stock valued at $1,045,000 after acquiring an additional 35,000 shares during the last quarter. EP Wealth Advisors LLC purchased a new stake in SunOpta in the fourth quarter valued at $64,000. XTX Topco Ltd acquired a new position in SunOpta in the fourth quarter valued at $159,000. Finally, CastleKnight Management LP grew its holdings in shares of SunOpta by 334.9% during the fourth quarter. CastleKnight Management LP now owns 8,204,844 shares of the company’s stock worth $31,178,000 after purchasing an additional 6,318,125 shares during the last quarter. Institutional investors and hedge funds own 85.39% of the company’s stock.

SunOpta Stock Up 0.3%

Shares of SunOpta stock opened at $6.46 on Friday. The company has a quick ratio of 0.61, a current ratio of 1.18 and a debt-to-equity ratio of 1.27. SunOpta has a 52-week low of $3.32 and a 52-week high of $6.94. The company has a market capitalization of $764.61 million, a P/E ratio of 34.00 and a beta of 1.04. The company has a 50 day moving average of $5.23 and a 200 day moving average of $5.13.

About SunOpta

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.