Other research analysts also recently issued reports about the company. ValuEngine downgraded SunOpta from a “buy” rating to a “hold” rating in a report on Thursday, July 2nd. DA Davidson began coverage on SunOpta in a report on Wednesday, July 22nd. They issued a “buy” rating and a $8.00 target price on the stock. Lake Street Capital increased their target price on shares of SunOpta from $4.00 to $6.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Finally, Zacks Investment Research upgraded shares of SunOpta from a “hold” rating to a “buy” rating and set a $7.50 price target on the stock in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $7.17.
SunOpta stock opened at $6.99 on Thursday. The stock has a 50-day moving average price of $6.77 and a two-hundred day moving average price of $4.27. SunOpta has a 12 month low of $1.30 and a 12 month high of $7.71. The company has a market capitalization of $624.93 million, a PE ratio of -26.88 and a beta of 1.91. The company has a current ratio of 1.33, a quick ratio of 0.44 and a debt-to-equity ratio of 2.16.
SunOpta (NASDAQ:STKL) (TSE:SOY) last posted its earnings results on Wednesday, August 5th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.03. The business had revenue of $310.94 million for the quarter, compared to the consensus estimate of $294.70 million. SunOpta had a negative net margin of 1.05% and a negative return on equity of 5.45%. As a group, analysts predict that SunOpta will post -0.07 earnings per share for the current fiscal year.
In related news, major shareholder Ardsley Advisory Partners Lp sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $6.57, for a total transaction of $657,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.46% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in STKL. Two Sigma Advisers LP boosted its stake in SunOpta by 65.8% during the first quarter. Two Sigma Advisers LP now owns 21,424 shares of the company’s stock worth $37,000 after acquiring an additional 8,500 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of SunOpta by 2,814.6% during the second quarter. Bank of America Corp DE now owns 8,190 shares of the company’s stock valued at $38,000 after purchasing an additional 7,909 shares during the period. Quadrature Capital Ltd bought a new position in shares of SunOpta during the 2nd quarter worth about $51,000. Jane Street Group LLC acquired a new stake in shares of SunOpta in the 2nd quarter valued at about $57,000. Finally, UBS Group AG increased its position in SunOpta by 374.8% in the 2nd quarter. UBS Group AG now owns 12,956 shares of the company’s stock valued at $61,000 after buying an additional 10,227 shares in the last quarter. Institutional investors own 66.37% of the company’s stock.
SunOpta Inc sources non-genetically modified (non-GMO) and organic ingredients; and manufactures food and beverage products in the United States, Canada, Europe, and internationally. The company operates through Global Ingredients and Consumer Products segments. The Global Ingredients segment offers organic fruit- and vegetable-based raw materials and ingredients, sweeteners, cocoa, coffees, ancient grains, nuts, seeds and pulses, and other organic food products; identity preserved, non-GMO, and organic seeds and grains, including soy, corn, and sunflower; and seed and grain-based animal feed, and pet food products.
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