StockNews.com Upgrades SunOpta (NASDAQ:STKL) to “Hold”

StockNews.com upgraded shares of SunOpta (NASDAQ:STKL) (TSE:SOY) from a sell rating to a hold rating in a research note issued to investors on Tuesday.

Separately, Stephens reiterated an “overweight” rating and issued a $10.00 target price on shares of SunOpta in a report on Thursday, January 2nd.

SunOpta Trading Up 2.0 %

STKL opened at $5.73 on Tuesday. The firm has a market capitalization of $686.10 million, a PE ratio of -31.83 and a beta of 1.90. SunOpta has a fifty-two week low of $4.88 and a fifty-two week high of $8.11. The company’s 50-day moving average is $7.12 and its 200 day moving average is $6.96. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.20 and a quick ratio of 0.53.

SunOpta (NASDAQ:STKL) (TSE:SOY) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. The business had revenue of $193.91 million during the quarter, compared to analyst estimates of $189.90 million. SunOpta had a positive return on equity of 7.92% and a negative net margin of 2.74%. As a group, research analysts predict that SunOpta will post 0.13 earnings per share for the current fiscal year.

Institutional Trading of SunOpta

A number of institutional investors and hedge funds have recently modified their holdings of STKL. Quarry LP purchased a new stake in shares of SunOpta during the fourth quarter valued at approximately $36,000. US Bancorp DE increased its position in shares of SunOpta by 139.3% during the 3rd quarter. US Bancorp DE now owns 8,197 shares of the company’s stock valued at $52,000 after purchasing an additional 4,772 shares during the last quarter. EP Wealth Advisors LLC purchased a new stake in shares of SunOpta during the 3rd quarter valued at $79,000. D.A. Davidson & CO. purchased a new stake in SunOpta during the fourth quarter worth about $81,000. Finally, Paloma Partners Management Co purchased a new stake in SunOpta during the third quarter worth about $85,000. 85.39% of the stock is 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.