SunOpta (NASDAQ:STKL) Upgraded to Hold by StockNews.com

SunOpta (NASDAQ:STKLGet Free Report) (TSE:SOY) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Thursday.

Several other equities research analysts have also issued reports on the stock. Canaccord Genuity Group increased their target price on shares of SunOpta from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. DA Davidson boosted their price objective on SunOpta from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Finally, BMO Capital Markets increased their target price on SunOpta from $9.00 to $10.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.40.

View Our Latest Analysis on STKL

SunOpta Stock Performance

Shares of STKL stock traded up $0.06 during trading hours on Thursday, hitting $5.37. The company’s stock had a trading volume of 385,873 shares, compared to its average volume of 853,901. The stock has a market cap of $640.86 million, a PE ratio of -3.53 and a beta of 1.78. SunOpta has a 12-month low of $2.79 and a 12-month high of $7.59. The company has a 50 day moving average of $5.79 and a 200 day moving average of $5.91. The company has a current ratio of 1.22, a quick ratio of 0.63 and a debt-to-equity ratio of 1.39.

SunOpta (NASDAQ:STKLGet Free Report) (TSE:SOY) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. The company had revenue of $182.80 million for the quarter, compared to analyst estimates of $168.87 million. SunOpta had a negative net margin of 24.00% and a positive return on equity of 2.50%. The firm’s revenue was up 17.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.05 earnings per share. On average, sell-side analysts forecast that SunOpta will post 0.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in STKL. PNC Financial Services Group Inc. increased its holdings in SunOpta by 50.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 10,189 shares of the company’s stock valued at $34,000 after purchasing an additional 3,439 shares during the last quarter. Evergreen Capital Management LLC purchased a new position in shares of SunOpta in the 3rd quarter valued at approximately $37,000. Regal Investment Advisors LLC acquired a new position in SunOpta in the 3rd quarter valued at $42,000. NBC Securities Inc. acquired a new position in shares of SunOpta during the fourth quarter worth about $65,000. Finally, Realta Investment Advisors acquired a new position in SunOpta during the 4th quarter worth approximately $66,000. 85.39% of the stock is currently owned by hedge funds and other institutional investors.

About SunOpta

(Get Free Report)

SunOpta Inc engages in manufacture and sale of plant-based and fruit-based food and beverage products in the United States, Canada, and internationally. The company provides plant-based beverages utilizing oat, almond, soy, coconut, rice, hemp, and other bases under the Dream and West Life brands; oat-based creamers under the SOWN brand; ready-to-drink protein shakes; and nut, grain, seed, and legume based beverages; packaged teas and concentrates; and meat and vegetable broths and stocks.

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Analyst Recommendations for SunOpta (NASDAQ:STKL)

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