Wunderlich assumed coverage on shares of SunOpta Inc. (NASDAQ:STKL) in a research report released on Tuesday morning. The firm issued a buy rating and a $10.00 price objective on the stock.
Other research analysts have also issued research reports about the stock. TheStreet raised shares of SunOpta from a sell rating to a hold rating in a research report on Wednesday, August 3rd. Zacks Investment Research lowered shares of SunOpta from a hold rating to a sell rating in a research report on Friday, August 12th. DA Davidson upped their price objective on shares of SunOpta from $7.00 to $7.50 and gave the company a buy rating in a research report on Thursday, August 11th. AltaCorp Capital reaffirmed an outperform rating on shares of SunOpta in a research report on Tuesday, June 21st. Finally, Citigroup Inc. upped their price objective on shares of SunOpta from $5.50 to $8.00 and gave the company a buy rating in a research report on Friday, September 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $8.88.
SunOpta (NASDAQ:STKL) traded down 0.597% during midday trading on Tuesday, hitting $6.655. The stock had a trading volume of 77,692 shares. The stock’s market cap is $569.75 million. The firm has a 50 day moving average price of $6.77 and a 200 day moving average price of $5.40. SunOpta has a one year low of $3.16 and a one year high of $7.40.
SunOpta (NASDAQ:STKL) last announced its quarterly earnings data on Wednesday, August 10th. The company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.02. The company had revenue of $348.10 million for the quarter, compared to analyst estimates of $361.55 million. SunOpta had a negative net margin of 3.33% and a positive return on equity of 3.45%. The firm’s quarterly revenue was up 25.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.08 EPS. Equities analysts expect that SunOpta will post $0.21 EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of STKL. Engaged Capital LLC acquired a new position in SunOpta during the second quarter valued at about $220,000. Proxima Capital Management LLC acquired a new position in SunOpta during the second quarter valued at about $648,000. A.R.T. Advisors LLC acquired a new position in SunOpta during the second quarter valued at about $292,000. Visium Asset Management LP acquired a new position in SunOpta during the second quarter valued at about $326,000. Finally, KCG Holdings Inc. raised its position in SunOpta by 194.2% in the second quarter. KCG Holdings Inc. now owns 32,962 shares of the company’s stock valued at $138,000 after buying an additional 21,759 shares during the period. 77.01% of the stock is owned by hedge funds and other institutional investors.
SunOpta Company Profile