Shares of SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) have received a consensus rating of “Hold” from the seven brokerages that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $9.33.
STKL has been the topic of several recent research reports. BMO Capital Markets restated a “buy” rating and set a $8.50 target price on shares of SunOpta in a report on Wednesday, April 26th. Zacks Investment Research upgraded shares of SunOpta from a “strong sell” rating to a “hold” rating and set a $10.00 price objective on the stock in a report on Friday, May 12th. Finally, Citigroup Inc. boosted their price objective on shares of SunOpta from $8.00 to $11.50 and gave the stock a “buy” rating in a report on Wednesday, May 31st.
SunOpta (NASDAQ:STKL) traded up 0.52% during trading on Monday, reaching $9.70. The company had a trading volume of 197,038 shares. SunOpta has a 52-week low of $4.91 and a 52-week high of $10.20. The stock has a 50 day moving average price of $9.72 and a 200-day moving average price of $7.96. The company’s market capitalization is $834.31 million.
SunOpta (NASDAQ:STKL) (TSE:SOY) last posted its earnings results on Wednesday, May 10th. The company reported ($0.01) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. The business had revenue of $330 million for the quarter, compared to analyst estimates of $344.20 million. SunOpta had a negative net margin of 3.95% and a positive return on equity of 0.58%. The business’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.03 EPS. On average, equities research analysts anticipate that SunOpta will post $0.08 earnings per share for the current fiscal year.
In other news, Director M Shan Atkins acquired 12,500 shares of the business’s stock in a transaction on Friday, May 12th. The shares were purchased at an average price of $8.02 per share, for a total transaction of $100,250.00. Following the acquisition, the director now directly owns 25,881 shares of the company’s stock, valued at approximately $207,565.62. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Robert Duchscher acquired 5,800 shares of the business’s stock in a transaction on Friday, May 19th. The stock was purchased at an average price of $8.94 per share, for a total transaction of $51,852.00. Following the acquisition, the insider now directly owns 5,800 shares in the company, valued at $51,852. The disclosure for this purchase can be found here. Insiders acquired a total of 257,246 shares of company stock worth $2,071,020 in the last quarter. 1.88% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of the company. Janus Capital Management LLC increased its stake in SunOpta by 1.4% in the first quarter. Janus Capital Management LLC now owns 14,869 shares of the company’s stock worth $103,000 after buying an additional 211 shares during the last quarter. Atria Investments LLC purchased a new stake in SunOpta during the second quarter worth $104,000. Hollencrest Securities LLC increased its stake in SunOpta by 40.0% in the first quarter. Hollencrest Securities LLC now owns 21,000 shares of the company’s stock worth $146,000 after buying an additional 6,000 shares during the last quarter. Trexquant Investment LP purchased a new stake in SunOpta during the first quarter worth $181,000. Finally, Gamco Investors INC. ET AL increased its stake in SunOpta by 13.0% in the first quarter. Gamco Investors INC. ET AL now owns 27,000 shares of the company’s stock worth $188,000 after buying an additional 3,100 shares during the last quarter. Hedge funds and other institutional investors own 86.97% of the company’s stock.
Sunopta Inc is a Canada-based company, which operates businesses focused on a healthy products portfolio. It operates through the following segments: Global Ingredients and Consumer Products. The Global Ingredients segment aggregates its North American and international raw material sourcing and supply operating segments focused on the procurement, processing and sale of specialty and organic grains, seeds, fruits, grain- and cocoa-based ingredients, and other commodities.
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