DA Davidson reiterated their buy rating on shares of SunOpta Inc. (NASDAQ:STKL) in a research report report published on Wednesday morning. They currently have a $7.50 target price on the stock.
A number of other research firms have also recently commented on STKL. Citigroup Inc. raised their target price on SunOpta from $5.50 to $8.00 and gave the company a buy rating in a research note on Friday, September 9th. Zacks Investment Research cut SunOpta from a hold rating to a sell rating in a research note on Wednesday. Wunderlich began coverage on SunOpta in a research note on Tuesday. They issued a buy rating and a $10.00 target price for the company. TheStreet upgraded SunOpta from a sell rating to a hold rating in a research note on Wednesday, August 3rd. Finally, AltaCorp Capital restated an outperform rating on shares of SunOpta in a research note on Tuesday, June 21st. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $8.88.
SunOpta (NASDAQ:STKL) traded down 0.74% on Wednesday, reaching $6.67. The company’s stock had a trading volume of 133,586 shares. SunOpta has a 52-week low of $3.16 and a 52-week high of $7.40. The firm’s market cap is $571.04 million. The stock’s 50 day moving average price is $6.77 and its 200 day moving average price is $5.41.
SunOpta (NASDAQ:STKL) last released its earnings results 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 firm earned $348.10 million during the quarter, compared to analysts’ expectations of $361.55 million. SunOpta had a negative net margin of 3.33% and a positive return on equity of 3.45%. The company’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.08 EPS. Equities research analysts expect that SunOpta will post $0.21 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Gamco Investors INC. ET AL boosted its position in shares of SunOpta by 1.0% in the second quarter. Gamco Investors INC. ET AL now owns 29,300 shares of the company’s stock worth $123,000 after buying an additional 300 shares during the last quarter. Quantum Capital Management raised its stake in SunOpta by 71.3% in the first quarter. Quantum Capital Management now owns 29,598 shares of the company’s stock worth $132,000 after buying an additional 12,315 shares during the last quarter. KCG Holdings Inc. raised its stake in SunOpta by 194.2% in the second quarter. KCG Holdings Inc. now owns 32,962 shares of the company’s stock worth $138,000 after buying an additional 21,759 shares during the last quarter. Engaged Capital LLC acquired a new stake in SunOpta during the second quarter worth approximately $220,000. Finally, A.R.T. Advisors LLC acquired a new stake in SunOpta during the second quarter worth approximately $292,000. Institutional investors and hedge funds own 77.01% of the company’s stock.