Analysts’ Recent Ratings Updates for SunOpta (STKL)

Several brokerages have updated their recommendations and price targets on shares of SunOpta (NASDAQ: STKL) in the last few weeks:

  • 6/24/2019 – SunOpta was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 6/22/2019 – SunOpta was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “SunOpta Inc. is an operator of high-growth ethical businesses, focusing on integrated business models in the natural and organic food, supplements and health and beauty markets. The Company has three business units: the SunOpta Food Group, which specializes in sourcing, processing and distribution of natural and organic food products integrated from seed through packaged products; the Opta Minerals Group, a producer, distributor, and recycler of environmentally friendly industrial materials; and the SunOpta BioProcess Group which engineers and markets proprietary steam explosion technology systems for the pulp, bio-fuel and food processing industries. Each of these business units has proprietary products and services that give it a solid competitive advantage in its sector. “
  • 6/18/2019 – SunOpta was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 6/15/2019 – SunOpta was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “SunOpta Inc. is an operator of high-growth ethical businesses, focusing on integrated business models in the natural and organic food, supplements and health and beauty markets. The Company has three business units: the SunOpta Food Group, which specializes in sourcing, processing and distribution of natural and organic food products integrated from seed through packaged products; the Opta Minerals Group, a producer, distributor, and recycler of environmentally friendly industrial materials; and the SunOpta BioProcess Group which engineers and markets proprietary steam explosion technology systems for the pulp, bio-fuel and food processing industries. Each of these business units has proprietary products and services that give it a solid competitive advantage in its sector. “
  • 6/15/2019 – SunOpta was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/8/2019 – SunOpta was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “SunOpta Inc. is an operator of high-growth ethical businesses, focusing on integrated business models in the natural and organic food, supplements and health and beauty markets. The Company has three business units: the SunOpta Food Group, which specializes in sourcing, processing and distribution of natural and organic food products integrated from seed through packaged products; the Opta Minerals Group, a producer, distributor, and recycler of environmentally friendly industrial materials; and the SunOpta BioProcess Group which engineers and markets proprietary steam explosion technology systems for the pulp, bio-fuel and food processing industries. Each of these business units has proprietary products and services that give it a solid competitive advantage in its sector. “
  • 5/25/2019 – SunOpta was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “SunOpta Inc. is an operator of high-growth ethical businesses, focusing on integrated business models in the natural and organic food, supplements and health and beauty markets. The Company has three business units: the SunOpta Food Group, which specializes in sourcing, processing and distribution of natural and organic food products integrated from seed through packaged products; the Opta Minerals Group, a producer, distributor, and recycler of environmentally friendly industrial materials; and the SunOpta BioProcess Group which engineers and markets proprietary steam explosion technology systems for the pulp, bio-fuel and food processing industries. Each of these business units has proprietary products and services that give it a solid competitive advantage in its sector. “
  • 5/18/2019 – SunOpta was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 5/14/2019 – SunOpta was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “SunOpta Inc. is an operator of high-growth ethical businesses, focusing on integrated business models in the natural and organic food, supplements and health and beauty markets. The Company has three business units: the SunOpta Food Group, which specializes in sourcing, processing and distribution of natural and organic food products integrated from seed through packaged products; the Opta Minerals Group, a producer, distributor, and recycler of environmentally friendly industrial materials; and the SunOpta BioProcess Group which engineers and markets proprietary steam explosion technology systems for the pulp, bio-fuel and food processing industries. Each of these business units has proprietary products and services that give it a solid competitive advantage in its sector. “
  • 5/9/2019 – SunOpta was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 5/1/2019 – SunOpta was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 5/1/2019 – SunOpta was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “SunOpta Inc. is an operator of high-growth ethical businesses, focusing on integrated business models in the natural and organic food, supplements and health and beauty markets. The Company has three business units: the SunOpta Food Group, which specializes in sourcing, processing and distribution of natural and organic food products integrated from seed through packaged products; the Opta Minerals Group, a producer, distributor, and recycler of environmentally friendly industrial materials; and the SunOpta BioProcess Group which engineers and markets proprietary steam explosion technology systems for the pulp, bio-fuel and food processing industries. Each of these business units has proprietary products and services that give it a solid competitive advantage in its sector. “

NASDAQ STKL opened at $3.15 on Wednesday. The company has a market capitalization of $284.32 million, a P/E ratio of -11.25 and a beta of 0.92. SunOpta, Inc. has a 52 week low of $2.21 and a 52 week high of $9.10. The firm’s 50 day moving average price is $3.93. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.43 and a current ratio of 1.30.

SunOpta (NASDAQ:STKL) (TSE:SOY) last released its quarterly earnings data on Wednesday, May 8th. The company reported ($0.09) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.09). The firm had revenue of $305.28 million during the quarter, compared to the consensus estimate of $308.10 million. SunOpta had a negative return on equity of 10.69% and a negative net margin of 6.32%. On average, equities analysts expect that SunOpta, Inc. will post -0.3 EPS for the current year.

In related news, CEO Joseph Ennen purchased 50,000 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was acquired at an average price of $4.19 per share, for a total transaction of $209,500.00. Following the completion of the acquisition, the chief executive officer now owns 104,000 shares of the company’s stock, valued at approximately $435,760. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have purchased 215,000 shares of company stock valued at $920,050 in the last quarter. 2.16% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in STKL. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in SunOpta by 97.0% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,269,857 shares of the company’s stock worth $28,134,000 after buying an additional 3,578,928 shares in the last quarter. Thrivent Financial for Lutherans bought a new stake in SunOpta during the fourth quarter worth $11,646,000. Kennedy Capital Management Inc. grew its holdings in SunOpta by 42.7% during the first quarter. Kennedy Capital Management Inc. now owns 2,360,142 shares of the company’s stock worth $8,166,000 after buying an additional 705,865 shares in the last quarter. Factory Mutual Insurance Co. grew its holdings in SunOpta by 18.7% during the first quarter. Factory Mutual Insurance Co. now owns 2,576,700 shares of the company’s stock worth $9,173,000 after buying an additional 405,300 shares in the last quarter. Finally, Royce & Associates LP grew its holdings in SunOpta by 21.2% during the first quarter. Royce & Associates LP now owns 1,810,141 shares of the company’s stock worth $6,263,000 after buying an additional 316,334 shares in the last quarter. Institutional investors and hedge funds own 77.49% of the company’s stock.

SunOpta Inc sources non-genetically modified (non-GMO) and organic ingredients; and manufactures food and beverage products in the United States, Canada, Europe, and internationally. The company operates through Global Ingredients and Consumer Products segments. The Global Ingredients segment offers organic fruit- and vegetable-based raw materials and ingredients, sweeteners, cocoa, coffees, ancient grains, nuts, seeds and pulses, and other organic food products; identity preserved, non-GMO, and organic seeds and grains, including soy, corn, and sunflower; and seed and grain-based animal feed, and pet food products.

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