Somewhat Favorable Press Coverage Somewhat Unlikely to Affect SunOpta (NASDAQ:STKL) Stock Price

News articles about SunOpta (NASDAQ:STKL) (TSE:SOY) have trended somewhat positive on Saturday, according to Accern Sentiment. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. SunOpta earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave news coverage about the company an impact score of 46.1659768774004 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the media stories that may have impacted Accern Sentiment’s scoring:

Several brokerages have recently issued reports on STKL. Zacks Investment Research downgraded SunOpta from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. BidaskClub cut shares of SunOpta from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. BMO Capital Markets reiterated a “buy” rating and issued a $8.50 target price on shares of SunOpta in a research note on Wednesday, April 26th. Finally, Citigroup Inc. increased their target price on shares of SunOpta from $8.00 to $11.50 and gave the company a “buy” rating in a research note on Wednesday, May 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. SunOpta presently has a consensus rating of “Hold” and an average price target of $9.30.

Shares of SunOpta (NASDAQ:STKL) traded down 1.12% on Friday, reaching $8.85. 258,109 shares of the company’s stock were exchanged. The company’s market cap is $765.49 million. The firm’s 50-day moving average price is $9.56 and its 200 day moving average price is $8.25. SunOpta has a 12 month low of $5.73 and a 12 month high of $10.20.

SunOpta (NASDAQ:STKL) (TSE:SOY) last issued its quarterly earnings data on Wednesday, August 9th. The company reported ($0.01) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.02. The company had revenue of $336.45 million during the quarter, compared to the consensus estimate of $341.18 million. SunOpta had a negative net margin of 3.70% and a negative return on equity of 0.70%. SunOpta’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.05 EPS. Equities research analysts predict that SunOpta will post $0.02 EPS for the current fiscal year.

In related news, insider Jeffrey Gough acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The stock was acquired at an average price of $8.70 per share, with a total value of $43,500.00. Following the purchase, the insider now directly owns 20,000 shares in the company, valued at $174,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.88% of the stock is owned by corporate insiders.

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SunOpta Company Profile

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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