SunOpta Inc. (NASDAQ:STKL) Receives $8.80 Consensus PT from Analysts

Shares of SunOpta Inc. (NASDAQ:STKLGet Free Report) (TSE:SOY) have earned a consensus recommendation of “Buy” from the five ratings firms that are currently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a buy rating. The average 12 month target price among brokers that have issued a report on the stock in the last year is $8.80.

A number of equities research analysts have recently commented on the company. BMO Capital Markets dropped their target price on SunOpta from $10.00 to $9.00 and set an “outperform” rating on the stock in a research report on Thursday, November 9th. DA Davidson started coverage on SunOpta in a report on Friday, December 8th. They issued a “buy” rating and a $8.00 price objective on the stock.

Check Out Our Latest Stock Analysis on STKL

Hedge Funds Weigh In On SunOpta

Several hedge funds and other institutional investors have recently made changes to their positions in STKL. Corient Private Wealth LLC acquired a new position in SunOpta in the 4th quarter valued at $60,000. UBS Group AG grew its holdings in shares of SunOpta by 70.0% during the fourth quarter. UBS Group AG now owns 134,775 shares of the company’s stock worth $737,000 after buying an additional 55,482 shares in the last quarter. Thornburg Investment Management Inc. lifted its stake in shares of SunOpta by 35.5% in the fourth quarter. Thornburg Investment Management Inc. now owns 1,999,324 shares of the company’s stock worth $10,933,000 after buying an additional 523,830 shares in the last quarter. Boston Partners purchased a new position in shares of SunOpta in the fourth quarter worth about $752,000. Finally, Principal Financial Group Inc. acquired a new position in SunOpta during the fourth quarter worth about $57,000. Hedge funds and other institutional investors own 97.48% of the company’s stock.

SunOpta Trading Down 0.6 %

STKL stock opened at $6.17 on Friday. SunOpta has a one year low of $2.79 and a one year high of $8.76. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.07 and a current ratio of 1.47. The firm’s fifty day moving average is $5.52 and its 200 day moving average is $4.74.

About SunOpta

(Get Free Report

SunOpta Inc engages in manufacture and sale of plant-based and fruit-based food and beverage products to retailers, foodservice operators, branded food companies, and food manufacturers in the United States, Canada, and internationally. The company operates through Plant-Based Foods and Beverages, and Fruit-Based Foods and Beverages segments.

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Analyst Recommendations for SunOpta (NASDAQ:STKL)

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