SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) has earned an average recommendation of “Hold” from the seven ratings firms that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $8.50.
Several brokerages have recently issued reports on STKL. Zacks Investment Research cut SunOpta from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. BidaskClub upgraded SunOpta from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Citigroup reduced their price objective on SunOpta from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Monday, November 20th.
In other SunOpta news, Director Richard Dean Hollis purchased 10,000 shares of the business’s stock in a transaction on Friday, November 10th. The shares were bought at an average cost of $7.65 per share, for a total transaction of $76,500.00. Following the completion of the purchase, the director now directly owns 73,745 shares in the company, valued at $564,149.25. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Oaktree Huntington Investment purchased 644,540 shares of the business’s stock in a transaction on Friday, December 15th. The stock was acquired at an average price of $7.50 per share, for a total transaction of $4,834,050.00. The disclosure for this purchase can be found here. 1.88% of the stock is owned by company insiders.
Shares of SunOpta (NASDAQ STKL) traded up $0.20 during midday trading on Monday, hitting $8.25. The stock had a trading volume of 222,600 shares, compared to its average volume of 173,375. The firm has a market capitalization of $715.34, a PE ratio of -11.96 and a beta of 1.66. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.45 and a current ratio of 1.32. SunOpta has a twelve month low of $6.00 and a twelve month high of $10.20.
SunOpta (NASDAQ:STKL) (TSE:SOY) last announced its quarterly earnings data on Wednesday, November 8th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.04). The company had revenue of $320.71 million during the quarter, compared to analyst estimates of $335.68 million. SunOpta had a negative net margin of 3.99% and a negative return on equity of 2.98%. The firm’s revenue was down 8.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.07 earnings per share. sell-side analysts expect that SunOpta will post -0.09 earnings per share for the current fiscal year.
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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