SunOpta (NASDAQ:STKL) Price Target Raised to $10.00

SunOpta (NASDAQ:STKL) (TSE:SOY) had its price objective boosted by Stephens from $9.00 to $10.00 in a research report sent to investors on Wednesday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other research firms have also recently commented on STKL. StockNews.com cut SunOpta from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. DA Davidson restated a “buy” rating and set a $9.00 price target on shares of SunOpta in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $9.50.

SunOpta Trading Up 7.1 %

NASDAQ:STKL opened at $7.26 on Wednesday. SunOpta has a 52 week low of $3.80 and a 52 week high of $7.59. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.61 and a current ratio of 1.27. The firm’s fifty day moving average is $6.27 and its 200-day moving average is $5.88. The firm has a market cap of $867.21 million, a P/E ratio of -5.22 and a beta of 1.83.

SunOpta (NASDAQ:STKL) (TSE:SOY) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. SunOpta had a negative net margin of 23.23% and a positive return on equity of 6.51%. The business had revenue of $171.00 million for the quarter, compared to analysts’ expectations of $159.95 million. During the same quarter in the prior year, the firm posted ($0.03) earnings per share. The business’s quarterly revenue was down 17.7% compared to the same quarter last year. Equities analysts expect that SunOpta will post 0.14 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Hantz Financial Services Inc. bought a new position in shares of SunOpta in the 2nd quarter worth $42,000. US Bancorp DE lifted its stake in shares of SunOpta by 139.3% in the third quarter. US Bancorp DE now owns 8,197 shares of the company’s stock valued at $52,000 after buying an additional 4,772 shares in the last quarter. Ballentine Partners LLC acquired a new position in shares of SunOpta during the second quarter valued at about $60,000. MQS Management LLC bought a new stake in shares of SunOpta during the second quarter worth about $63,000. Finally, Tealwood Asset Management Inc. acquired a new stake in shares of SunOpta in the 3rd quarter worth about $80,000. 85.39% of the stock is owned by institutional investors and hedge funds.

About SunOpta

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.