StockNews.com upgraded shares of SunOpta (NASDAQ:STKL - Free Report) TSE: SOY from a sell rating to a hold rating in a report released on Tuesday morning.
Separately, Stephens reiterated an "overweight" rating and set a $10.00 price objective on shares of SunOpta in a report on Thursday, January 2nd.
View Our Latest Analysis on STKL
SunOpta Price Performance
Shares of NASDAQ:STKL traded up $0.11 on Tuesday, reaching $5.73. The company's stock had a trading volume of 631,467 shares, compared to its average volume of 615,628. SunOpta has a 52-week low of $4.88 and a 52-week high of $8.11. The company has a market cap of $686.10 million, a P/E ratio of -31.83 and a beta of 1.90. The company has a 50-day simple moving average of $7.16 and a 200 day simple moving average of $6.96. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.53 and a current ratio of 1.20.
SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last released its earnings results on Wednesday, February 26th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. The firm had revenue of $193.91 million during the quarter, compared to analyst estimates of $189.90 million. SunOpta had a negative net margin of 2.74% and a positive return on equity of 7.92%. As a group, equities research analysts anticipate that SunOpta will post 0.13 EPS for the current fiscal year.
Hedge Funds Weigh In On SunOpta
Several institutional investors and hedge funds have recently bought and sold shares of the company. Quarry LP purchased a new stake in shares of SunOpta during the fourth quarter worth about $36,000. US Bancorp DE lifted its position in SunOpta by 139.3% during the 3rd quarter. US Bancorp DE now owns 8,197 shares of the company's stock worth $52,000 after acquiring an additional 4,772 shares during the period. EP Wealth Advisors LLC acquired a new stake in SunOpta during the 3rd quarter worth about $79,000. D.A. Davidson & CO. purchased a new stake in SunOpta during the 4th quarter valued at about $81,000. Finally, Paloma Partners Management Co acquired a new position in shares of SunOpta in the third quarter valued at about $85,000. 85.39% of the stock is owned by hedge funds and other institutional investors.
About SunOpta
(
Get Free Report)
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.
Further Reading
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