SunOpta Inc. (NASDAQ:STKL) Receives $9.25 Average PT from Analysts

Shares of SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) have earned a consensus recommendation of “Buy” from the four analysts that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a buy rating. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $9.25.

Separately, StockNews.com raised shares of SunOpta from a “sell” rating to a “hold” rating in a research note on Saturday.

Hedge Funds Weigh In On SunOpta

Several institutional investors and hedge funds have recently made changes to their positions in STKL. Principal Financial Group Inc. boosted its stake in SunOpta by 18.2% during the 1st quarter. Principal Financial Group Inc. now owns 12,425 shares of the company’s stock valued at $85,000 after acquiring an additional 1,917 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of SunOpta by 4.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,984 shares of the company’s stock valued at $334,000 after purchasing an additional 2,578 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of SunOpta by 13.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 26,913 shares of the company’s stock worth $185,000 after purchasing an additional 3,171 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in SunOpta by 50.9% in the third quarter. PNC Financial Services Group Inc. now owns 10,189 shares of the company’s stock worth $34,000 after purchasing an additional 3,439 shares in the last quarter. Finally, Epiq Partners LLC increased its holdings in SunOpta by 1.3% in the first quarter. Epiq Partners LLC now owns 295,455 shares of the company’s stock valued at $2,030,000 after buying an additional 3,750 shares during the last quarter. 85.39% of the stock is currently owned by hedge funds and other institutional investors.

SunOpta Trading Down 1.3 %

Shares of NASDAQ STKL opened at $5.46 on Wednesday. The company has a quick ratio of 0.63, a current ratio of 1.22 and a debt-to-equity ratio of 1.39. SunOpta has a 1-year low of $2.79 and a 1-year high of $7.59. The business has a 50-day moving average of $5.58 and a 200-day moving average of $5.96.

SunOpta (NASDAQ:STKL) (TSE:SOY) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. The firm had revenue of $182.80 million during the quarter, compared to analysts’ expectations of $168.87 million. SunOpta had a positive return on equity of 2.50% and a negative net margin of 24.00%. SunOpta’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.05 EPS. As a group, equities analysts anticipate that SunOpta will post 0.13 EPS for the current year.

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.