SunOpta, Inc. (STKL) Receives $9.50 Consensus Target Price from Analysts

SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) has earned a consensus recommendation of “Hold” from the seven analysts that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $9.50.

A number of analysts have weighed in on the stock. BidaskClub cut shares of SunOpta from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Zacks Investment Research lowered shares of SunOpta from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 13th.

In other news, CFO Robert Mckeracher sold 36,533 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $8.41, for a total transaction of $307,242.53. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO John Ruelle sold 38,361 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $8.75, for a total transaction of $335,658.75. Following the transaction, the chief accounting officer now owns 38,361 shares in the company, valued at $335,658.75. The disclosure for this sale can be found here. Company insiders own 1.88% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Janus Capital Management LLC grew its position in shares of SunOpta by 1.4% during the first quarter. Janus Capital Management LLC now owns 14,869 shares of the company’s stock worth $103,000 after acquiring an additional 211 shares during the last quarter. Aperio Group LLC grew its position in shares of SunOpta by 0.6% during the second quarter. Aperio Group LLC now owns 52,733 shares of the company’s stock worth $538,000 after acquiring an additional 313 shares during the last quarter. Hollencrest Securities LLC grew its position in shares of SunOpta by 14.3% during the second quarter. Hollencrest Securities LLC now owns 24,000 shares of the company’s stock worth $245,000 after acquiring an additional 3,000 shares during the last quarter. Kennedy Capital Management Inc. grew its position in shares of SunOpta by 1.8% during the first quarter. Kennedy Capital Management Inc. now owns 556,152 shares of the company’s stock worth $3,865,000 after acquiring an additional 9,652 shares during the last quarter. Finally, OppenheimerFunds Inc. grew its position in shares of SunOpta by 13.4% during the first quarter. OppenheimerFunds Inc. now owns 84,465 shares of the company’s stock worth $587,000 after acquiring an additional 9,979 shares during the last quarter. Institutional investors and hedge funds own 82.39% of the company’s stock.

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SunOpta (NASDAQ:STKL) traded up 0.54% during mid-day trading on Wednesday, hitting $9.25. 103,531 shares of the stock traded hands. SunOpta has a 12-month low of $6.00 and a 12-month high of $10.20. The stock’s market cap is $800.09 million. The company has a 50 day moving average of $8.86 and a 200-day moving average of $8.87.

SunOpta (NASDAQ:STKL) (TSE:SOY) last released its quarterly earnings data on Wednesday, August 9th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). SunOpta had a negative return on equity of 0.70% and a negative net margin of 3.70%. The company had revenue of $336.45 million for the quarter, compared to analyst estimates of $341.18 million. During the same period in the previous year, the business posted $0.05 EPS. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. Equities research analysts forecast that SunOpta will post $0.02 earnings per share for the current year.

About SunOpta

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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