Shares of SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) have been assigned an average rating of “Hold” from the seven analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $8.50.
A number of research firms have weighed in on STKL. Zacks Investment Research lowered shares of SunOpta from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. BidaskClub upgraded shares of SunOpta from a “sell” rating to a “hold” rating in a research report on Saturday, January 6th. Finally, Citigroup dropped their price target on shares of SunOpta from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Monday, November 20th.
SunOpta (NASDAQ:STKL) traded down $0.13 on Friday, hitting $6.92. 43,040 shares of the company’s stock were exchanged, compared to its average volume of 219,798. SunOpta has a fifty-two week low of $6.00 and a fifty-two week high of $10.20. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.32 and a quick ratio of 0.45.
SunOpta (NASDAQ:STKL) (TSE:SOY) last posted its quarterly earnings results on Wednesday, November 8th. The company reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.04). The firm had revenue of $320.71 million during the quarter, compared to the consensus estimate of $335.68 million. SunOpta had a negative return on equity of 2.98% and a negative net margin of 3.99%. The business’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.07 earnings per share. equities research analysts anticipate that SunOpta will post -0.11 earnings per share for the current fiscal year.
In related news, major shareholder Oaktree Huntington Investment bought 644,540 shares of the stock in a transaction dated Friday, December 15th. The shares were purchased at an average price of $7.50 per share, with a total value of $4,834,050.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard Dean Hollis bought 10,000 shares of the stock in a transaction dated Friday, November 10th. The stock was bought at an average cost of $7.65 per share, for a total transaction of $76,500.00. Following the acquisition, the director now directly owns 73,745 shares of the company’s stock, valued at approximately $564,149.25. The disclosure for this purchase can be found here. 1.88% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. purchased a new stake in SunOpta during the second quarter valued at $232,000. Alliancebernstein L.P. purchased a new stake in SunOpta during the second quarter valued at $351,000. Dynamic Technology Lab Private Ltd purchased a new stake in SunOpta during the second quarter valued at $369,000. Janus Henderson Group PLC raised its stake in SunOpta by 39.1% during the third quarter. Janus Henderson Group PLC now owns 69,988 shares of the company’s stock valued at $609,000 after purchasing an additional 19,691 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in SunOpta by 96.1% during the second quarter. Bank of New York Mellon Corp now owns 145,462 shares of the company’s stock valued at $1,483,000 after purchasing an additional 71,266 shares in the last quarter. 78.62% of the stock is currently owned by hedge funds and other institutional investors.
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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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