SunOpta Inc. (NASDAQ:STKL) Receives Consensus Recommendation of “Buy” from Analysts

Shares of SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) have been given an average rating of “Buy” by the four analysts that are presently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $9.25.

STKL has been the subject of a number of analyst reports. StockNews.com lowered SunOpta from a “hold” rating to a “sell” rating in a research report on Friday, June 28th. DA Davidson raised 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.

SunOpta Stock Up 4.0 %

STKL stock opened at $5.47 on Wednesday. SunOpta has a twelve month low of $2.79 and a twelve month high of $7.59. The company has a quick ratio of 0.63, a current ratio of 1.22 and a debt-to-equity ratio of 1.39. The firm has a market cap of $652.79 million, a PE ratio of -3.60 and a beta of 1.85. The business has a 50 day moving average of $5.68 and a 200 day moving average of $5.95.

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

Institutional Trading of SunOpta

A number of institutional investors and hedge funds have recently modified their holdings of STKL. PNC Financial Services Group Inc. boosted its stake in shares of SunOpta by 50.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 10,189 shares of the company’s stock worth $34,000 after buying 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 worth $37,000. NBC Securities Inc. purchased a new position in shares of SunOpta in the 4th quarter worth $65,000. Realta Investment Advisors purchased a new position in shares of SunOpta in the 4th quarter worth $66,000. Finally, Principal Financial Group Inc. boosted its stake in shares of SunOpta by 18.2% in the 1st quarter. Principal Financial Group Inc. now owns 12,425 shares of the company’s stock worth $85,000 after buying an additional 1,917 shares during the last quarter. Institutional investors own 85.39% of the company’s stock.

SunOpta Company Profile

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.