Latest Stocks: Citigroup Inc Boosts SunOpta, Inc. (STKL) Price Target to $11.50

Latest Stocks: Citigroup Inc Boosts SunOpta, Inc. (STKL) Price Target to $11.50

SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) had its target price raised by Citigroup Inc from $8.00 to $11.50 in a report issued on Wednesday morning. Citigroup Inc currently has a buy rating on the stock.

Other analysts also recently issued reports about the company. Zacks Investment Research downgraded SunOpta from a hold rating to a strong sell rating in a research note on Thursday, March 9th. William Blair raised SunOpta from a market perform rating to an outperform rating in a research note on Tuesday, March 7th. DA Davidson downgraded SunOpta from a buy rating to a neutral rating in a research note on Monday, March 6th. Wunderlich downgraded SunOpta from a buy rating to a hold rating and cut their target price for the stock from $10.00 to $8.00 in a research note on Thursday, March 2nd. Finally, BMO Capital Markets reaffirmed a buy rating and issued a $8.50 target price on shares of SunOpta in a research note on Wednesday, April 26th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $9.10.

Shares of SunOpta (STKL) opened at 9.70 on Wednesday. The stock’s 50 day moving average is $8.06 and its 200-day moving average is $7.40. SunOpta has a one year low of $3.87 and a one year high of $9.80. The stock’s market cap is $834.31 million.

SunOpta (NASDAQ:STKL) (TSE:SOY) last posted its quarterly earnings data on Wednesday, May 10th. The company reported ($0.01) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. SunOpta had a positive return on equity of 3.75% and a negative net margin of 3.50%. The firm had revenue of $330 million during the quarter, compared to the consensus estimate of $344.20 million. During the same period in the prior year, the company earned $0.03 EPS. The firm’s revenue was down 6.3% compared to the same quarter last year. On average, equities analysts forecast that SunOpta will post $0.08 EPS for the current year.

In related news, insider Robert Duchscher bought 5,800 shares of the business’s stock in a transaction on Friday, May 19th. The stock was acquired at an average cost of $8.94 per share, with a total value of $51,852.00. Following the purchase, the insider now directly owns 5,800 shares of the company’s stock, valued at $51,852. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director M Shan Atkins bought 12,500 shares of the business’s stock in a transaction on Friday, May 12th. The stock was bought at an average cost of $8.02 per share, with a total value of $100,250.00. Following the completion of the purchase, the director now directly owns 25,881 shares in the company, valued at $207,565.62. The disclosure for this purchase can be found here. Insiders acquired a total of 257,246 shares of company stock valued at $2,071,020 over the last ninety days. Corporate insiders own 2.90% of the company’s stock.

Several hedge funds have recently modified their holdings of STKL. Janus Capital Management LLC boosted its position in SunOpta by 1.4% in the first quarter. Janus Capital Management LLC now owns 14,869 shares of the company’s stock worth $103,000 after buying an additional 211 shares in the last quarter. State Street Corp boosted its position in SunOpta by 1.0% in the fourth quarter. State Street Corp now owns 34,134 shares of the company’s stock worth $241,000 after buying an additional 326 shares in the last quarter. Ironwood Investment Management LLC boosted its position in SunOpta by 0.6% in the first quarter. Ironwood Investment Management LLC now owns 134,354 shares of the company’s stock worth $934,000 after buying an additional 739 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in SunOpta by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 207,764 shares of the company’s stock worth $1,465,000 after buying an additional 2,097 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its position in SunOpta by 13.0% in the first quarter. Gamco Investors INC. ET AL now owns 27,000 shares of the company’s stock worth $188,000 after buying an additional 3,100 shares in the last quarter. 71.97% of the stock is owned by institutional investors and hedge funds. SunOpta Company Profile

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