SunOpta (STKL) Earning Somewhat Favorable Press Coverage, Report Shows

Press coverage about SunOpta (NASDAQ:STKL) (TSE:SOY) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing 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 news sentiment score of 0.14 on Accern’s scale. Accern also gave media headlines about the company an impact score of 47.2063100141481 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:

SunOpta (STKL) opened at 9.25 on Thursday. SunOpta has a 1-year low of $6.00 and a 1-year high of $10.20. The stock has a 50 day moving average of $8.64 and a 200 day moving average of $8.67. The stock’s market capitalization is $800.09 million.

SunOpta (NASDAQ:STKL) (TSE:SOY) last released its quarterly earnings data on Wednesday, August 9th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate 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 business had revenue of $336.45 million during the quarter, compared to analysts’ expectations of $341.18 million. During the same quarter in the prior year, the firm earned $0.05 earnings per share. SunOpta’s quarterly revenue was down 3.3% on a year-over-year basis. On average, analysts expect that SunOpta will post $0.02 earnings per share for the current year.

Several research firms have issued reports on STKL. BidaskClub downgraded shares of SunOpta from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Zacks Investment Research raised shares of SunOpta from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a report on Wednesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $9.10.

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In other SunOpta news, CAO John Ruelle sold 38,361 shares of the company’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $8.75, for a total value of $335,658.75. Following the transaction, the chief accounting officer now directly owns 38,361 shares in the company, valued at approximately $335,658.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Robert Mckeracher sold 36,533 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $8.41, for a total transaction of $307,242.53. The disclosure for this sale can be found here. 1.88% of the stock is currently owned by corporate insiders.

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.

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