Analysts’ Recent Ratings Updates for SunOpta (STKL)

SunOpta (NASDAQ: STKL) has recently received a number of price target changes and ratings updates:

  • 3/9/2017 – SunOpta was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “SunOpta Inc. is an operator of high-growth ethical businesses, focusing on integrated business models in the natural and organic food, supplements and health and beauty markets. The Company has three business units: the SunOpta Food Group, which specializes in sourcing, processing and distribution of natural and organic food products integrated from seed through packaged products; the Opta Minerals Group, a producer, distributor, and recycler of environmentally friendly industrial materials; and the SunOpta BioProcess Group which engineers and markets proprietary steam explosion technology systems for the pulp, bio-fuel and food processing industries. Each of these business units has proprietary products and services that give it a solid competitive advantage in its sector. “
  • 3/7/2017 – SunOpta was upgraded by analysts at William Blair from a “market perform” rating to an “outperform” rating.
  • 3/6/2017 – SunOpta was downgraded by analysts at DA Davidson from a “buy” rating to a “neutral” rating.
  • 3/2/2017 – SunOpta was downgraded by analysts at Wunderlich from a “buy” rating to a “hold” rating. They now have a $8.00 price target on the stock, down previously from $10.00.
  • 1/25/2017 – SunOpta was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “SunOpta Inc. is an operator of high-growth ethical businesses, focusing on integrated business models in the natural and organic food, supplements and health and beauty markets. The Company has three business units: the SunOpta Food Group, which specializes in sourcing, processing and distribution of natural and organic food products integrated from seed through packaged products; the Opta Minerals Group, a producer, distributor, and recycler of environmentally friendly industrial materials; and the SunOpta BioProcess Group which engineers and markets proprietary steam explosion technology systems for the pulp, bio-fuel and food processing industries. Each of these business units has proprietary products and services that give it a solid competitive advantage in its sector. “

SunOpta, Inc. (NASDAQ:STKL) remained flat at $7.10 during trading on Monday. 435,261 shares of the stock were exchanged. SunOpta, Inc. has a 52 week low of $3.16 and a 52 week high of $7.70. The firm has a 50 day moving average of $7.14 and a 200-day moving average of $7.04. The company’s market capitalization is $610.42 million.

SunOpta (NASDAQ:STKL) last posted its quarterly earnings results on Wednesday, March 1st. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by $0.13. The company earned $297.50 million during the quarter, compared to analysts’ expectations of $334.99 million. SunOpta had a positive return on equity of 3.75% and a negative net margin of 3.50%. SunOpta’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.03 EPS. On average, analysts predict that SunOpta, Inc. will post $0.11 earnings per share for the current fiscal year.

In other SunOpta news, CEO David Colo bought 74,000 shares of the firm’s stock in a transaction on Monday, March 6th. The stock was acquired at an average price of $6.85 per share, with a total value of $506,900.00. Following the transaction, the chief executive officer now owns 74,000 shares in the company, valued at $506,900. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Oaktree Huntington Investment bought 490,079 shares of the firm’s stock in a transaction on Monday, March 6th. The stock was acquired at an average cost of $6.90 per share, with a total value of $3,381,545.10. The disclosure for this purchase can be found here. 2.90% of the stock is owned by insiders.

SunOpta Inc operates businesses focused on a healthy products portfolio. The Company operates through two segments: Global Ingredients and Consumer Products. Its 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 and seeds, fruits, grain- and cocoa-based ingredients, and other commodities.

5 Day Chart for NASDAQ:STKL

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