SunOpta, Inc. (STKL) Given Average Recommendation of “Hold” by Brokerages

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.

Institutional investors have recently bought and sold shares of the business. South State Corp acquired a new stake in shares of SunOpta during the second quarter worth about $110,000. Cookson Peirce & Co. Inc. acquired a new stake in shares of SunOpta during the second quarter worth about $143,000. Tudor Investment Corp ET AL acquired a new stake in shares of SunOpta during the second quarter worth about $153,000. Marble Harbor Investment Counsel LLC acquired a new stake in shares of SunOpta during the third quarter worth about $157,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of SunOpta during the second quarter worth about $232,000. Institutional investors own 79.28% of the company’s stock.

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.

COPYRIGHT VIOLATION WARNING: “SunOpta, Inc. (STKL) Given Average Recommendation of “Hold” by Brokerages” was originally posted by Community Financial News and is owned by of Community Financial News. If you are accessing this news story on another website, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The legal version of this news story can be viewed at https://www.com-unik.info/2018/01/08/sunopta-inc-stkl-given-average-recommendation-of-hold-by-brokerages.html.

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.

Analyst Recommendations for SunOpta (NASDAQ:STKL)

What are top analysts saying about SunOpta? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for SunOpta and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit