Mizuho Lowers SunOpta (NASDAQ:STKL) Price Target to $8.00

SunOpta (NASDAQ:STKL) (TSE:SOY) had its target price cut by Mizuho from $10.00 to $8.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s price target would indicate a potential upside of 101.51% from the stock’s previous close.

A number of other analysts have also issued reports on STKL. Weiss Ratings reissued a “sell (e+)” rating on shares of SunOpta in a research report on Wednesday, October 8th. Zacks Research cut SunOpta from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $9.00.

SunOpta Stock Up 2.8%

Shares of STKL opened at $3.97 on Thursday. The company’s 50-day moving average price is $5.84 and its 200 day moving average price is $5.86. SunOpta has a 12-month low of $3.64 and a 12-month high of $8.11. The company has a current ratio of 0.96, a quick ratio of 0.39 and a debt-to-equity ratio of 1.46. The firm has a market cap of $479.34 million, a P/E ratio of -66.17 and a beta of 1.38.

SunOpta (NASDAQ:STKL) (TSE:SOY) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The business had revenue of $205.41 million during the quarter, compared to analysts’ expectations of $195.57 million. SunOpta had a negative net margin of 0.66% and a positive return on equity of 12.82%. SunOpta has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that SunOpta will post 0.13 earnings per share for the current year.

Institutional Investors Weigh In On SunOpta

Large investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue purchased a new position in shares of SunOpta in the 3rd quarter valued at about $26,000. EverSource Wealth Advisors LLC increased its stake in shares of SunOpta by 764.1% during the second quarter. EverSource Wealth Advisors LLC now owns 4,502 shares of the company’s stock worth $26,000 after buying an additional 3,981 shares during the period. BNP Paribas Financial Markets increased its stake in shares of SunOpta by 65.5% during the second quarter. BNP Paribas Financial Markets now owns 9,273 shares of the company’s stock worth $54,000 after buying an additional 3,669 shares during the period. State of Wyoming acquired a new stake in SunOpta in the third quarter valued at approximately $61,000. Finally, Bank of Montreal Can acquired a new stake in SunOpta in the second quarter valued at approximately $68,000. Hedge funds and other institutional investors own 85.39% of the company’s stock.

About SunOpta

SunOpta Inc engages in manufacture and sale of plant-based and fruit-based food and beverage products in the United States, Canada, and internationally. The company provides plant-based beverages utilizing oat, almond, soy, coconut, rice, hemp, and other bases under the Dream and West Life brands; oat-based creamers under the SOWN brand; ready-to-drink protein shakes; and nut, grain, seed, and legume based beverages; packaged teas and concentrates; and meat and vegetable broths and stocks.