SunOpta (NASDAQ:STKL) (TSE:SOY) had its price target lifted by equities research analysts at Citigroup from $9.00 to $10.00 in a report released on Tuesday. The firm presently has a “buy” rating on the stock. Citigroup’s price target would suggest a potential upside of 19.05% from the stock’s previous close.
STKL has been the subject of several other research reports. BidaskClub upgraded shares of SunOpta from a “sell” rating to a “hold” rating in a report on Saturday, May 19th. Zacks Investment Research upgraded shares of SunOpta from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 3rd. Finally, ValuEngine downgraded shares of SunOpta from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st.
NASDAQ STKL traded down $0.03 on Tuesday, hitting $8.40. 1,407 shares of the stock were exchanged, compared to its average volume of 351,331. The company has a quick ratio of 0.47, a current ratio of 1.27 and a debt-to-equity ratio of 0.94. SunOpta has a fifty-two week low of $6.27 and a fifty-two week high of $10.20. The stock has a market capitalization of $721.15 million, a PE ratio of -59.79 and a beta of 1.37.
SunOpta (NASDAQ:STKL) (TSE:SOY) last posted its quarterly earnings results on Wednesday, May 9th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.01). SunOpta had a negative return on equity of 5.23% and a negative net margin of 10.16%. The firm had revenue of $312.65 million for the quarter, compared to analyst estimates of $309.40 million. equities research analysts expect that SunOpta will post -0.09 earnings per share for the current fiscal year.
In other SunOpta news, SVP Mike Buick purchased 4,200 shares of SunOpta stock in a transaction that occurred on Thursday, May 31st. The stock was purchased at an average price of $8.22 per share, for a total transaction of $34,524.00. Following the transaction, the senior vice president now directly owns 14,785 shares in the company, valued at $121,532.70. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.75% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new stake in SunOpta in the 4th quarter valued at $102,000. Franklin Resources Inc. purchased a new position in shares of SunOpta in the 4th quarter valued at about $173,000. Caxton Associates LP purchased a new position in shares of SunOpta in the 4th quarter valued at about $1,744,000. Tokio Marine Asset Management Co. Ltd. purchased a new position in shares of SunOpta in the 1st quarter valued at about $1,065,000. Finally, Two Sigma Securities LLC purchased a new position in shares of SunOpta in the 4th quarter valued at about $154,000. Hedge funds and other institutional investors own 81.61% 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, Mexico, and Ethiopia. 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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