The SunOpta Inc. (STKL) Receives New Coverage from Analysts at Wunderlich

The SunOpta Inc. (STKL) Receives New Coverage from Analysts at Wunderlich

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

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