SunOpta, Inc. (STKL) Receives Average Rating of “Hold” from Analysts

SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) has been given an average rating of “Hold” by the seven research firms that are currently covering the firm, Marketbeat Ratings 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 target price among analysts that have covered the stock in the last year is $8.50.

Several research analysts recently weighed in on the company. BidaskClub upgraded SunOpta from a “sell” rating to a “hold” rating in a research report on Saturday. Zacks Investment Research lowered SunOpta from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Finally, Citigroup lowered their price objective on SunOpta from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Monday, November 20th.

In other news, major shareholder Oaktree Huntington Investment purchased 644,540 shares of the stock in a transaction dated Friday, December 15th. The stock was acquired at an average cost of $7.50 per share, for a total transaction of $4,834,050.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard Dean Hollis purchased 10,000 shares of the stock in a transaction dated Friday, November 10th. The shares were purchased at an average price of $7.65 per share, with a total value of $76,500.00. Following the completion of the transaction, the director now owns 73,745 shares of the company’s stock, valued at $564,149.25. The disclosure for this purchase can be found here. Corporate insiders own 1.88% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its position in shares of SunOpta by 4.8% during the third quarter. Bank of New York Mellon Corp now owns 152,458 shares of the company’s stock worth $1,326,000 after buying an additional 6,996 shares during the period. JPMorgan Chase & Co. boosted its position in shares of SunOpta by 34.3% during the third quarter. JPMorgan Chase & Co. now owns 30,537 shares of the company’s stock worth $258,000 after buying an additional 7,800 shares during the period. Brant Point Investment Management LLC boosted its position in shares of SunOpta by 3.1% during the second quarter. Brant Point Investment Management LLC now owns 336,400 shares of the company’s stock worth $3,431,000 after buying an additional 10,000 shares during the period. South State Corp purchased a new position in shares of SunOpta during the second quarter worth $110,000. Finally, Cookson Peirce & Co. Inc. purchased a new position in shares of SunOpta during the second quarter worth $143,000. Institutional investors and hedge funds own 79.28% of the company’s stock.

SunOpta (STKL) traded up $0.20 during mid-day trading on Monday, hitting $8.25. The stock had a trading volume of 222,600 shares, compared to its average volume of 173,375. The company has a quick ratio of 0.45, a current ratio of 1.32 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $715.34, a price-to-earnings ratio of -11.96 and a beta of 1.66. SunOpta has a 1-year low of $6.00 and a 1-year high of $10.20.

SunOpta (NASDAQ:STKL) (TSE:SOY) last posted its quarterly earnings results on Wednesday, November 8th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). The company had revenue of $320.71 million during the quarter, compared to analysts’ expectations of $335.68 million. SunOpta had a negative net margin of 3.99% and a negative return on equity of 2.98%. SunOpta’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same quarter last year, the company earned $0.07 earnings per share. equities research analysts forecast that SunOpta will post -0.09 earnings per share for the current fiscal year.

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SunOpta Company Profile

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.

Analyst Recommendations for SunOpta (NASDAQ:STKL)

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