SunOpta (NASDAQ:STKL) Stock Rating Lowered by StockNews.com

SunOpta (NASDAQ:STKL) (TSE:SOY) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Friday.

Other analysts have also issued research reports about the stock. Canaccord Genuity Group raised their target price on shares of SunOpta from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. DA Davidson increased their price objective on shares of SunOpta from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Finally, BMO Capital Markets upped their price target on shares of SunOpta from $9.00 to $10.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $9.25.

SunOpta Price Performance

Shares of NASDAQ:STKL opened at $5.58 on Friday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.63 and a current ratio of 1.22. The business’s fifty day moving average price is $5.73 and its two-hundred day moving average price is $5.93. The stock has a market cap of $665.92 million, a PE ratio of -3.67 and a beta of 1.78. SunOpta has a one year low of $2.79 and a one year high of $7.59.

SunOpta (NASDAQ:STKL) (TSE:SOY) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.02 EPS for the quarter, meeting analysts’ consensus estimates of $0.02. SunOpta had a positive return on equity of 2.50% and a negative net margin of 24.00%. The business had revenue of $182.80 million for the quarter, compared to analyst estimates of $168.87 million. During the same quarter last year, the company earned $0.05 earnings per share. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. On average, analysts forecast that SunOpta will post 0.13 EPS for the current fiscal year.

Institutional Investors Weigh In On SunOpta

Institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. lifted its holdings in shares of SunOpta by 50.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 10,189 shares of the company’s stock valued at $34,000 after acquiring an additional 3,439 shares in the last quarter. Evergreen Capital Management LLC purchased a new stake in shares of SunOpta in the third quarter worth about $37,000. NBC Securities Inc. acquired a new stake in shares of SunOpta in the fourth quarter valued at about $65,000. Realta Investment Advisors acquired a new stake in shares of SunOpta in the fourth quarter valued at about $66,000. Finally, Tealwood Asset Management Inc. purchased a new stake in shares of SunOpta during the 4th quarter valued at about $68,000. 85.39% of the stock is currently owned by hedge funds and other institutional investors.

SunOpta Company Profile

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.