Media stories about SunOpta (NASDAQ:STKL) (TSE:SOY) have been trending somewhat positive this week, Accern Sentiment reports. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. SunOpta earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.4307269652488 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
SunOpta (NASDAQ:STKL) opened at $8.05 on Friday. SunOpta has a 52-week low of $6.00 and a 52-week high of $10.20. The company has a market capitalization of $697.99, a PE ratio of -11.67 and a beta of 1.66. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.45 and a current ratio of 1.32.
SunOpta (NASDAQ:STKL) (TSE:SOY) last announced its quarterly earnings data on Wednesday, November 8th. The company reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.04). SunOpta had a negative return on equity of 2.98% and a negative net margin of 3.99%. The company had revenue of $320.71 million for the quarter, compared to analyst estimates of $335.68 million. During the same period in the prior year, the firm posted $0.07 earnings per share. The business’s quarterly revenue was down 8.0% compared to the same quarter last year. research analysts predict that SunOpta will post -0.09 EPS for the current year.
A number of analysts have issued reports on the stock. BidaskClub lowered shares of SunOpta from a “hold” rating to a “sell” rating in a research note on Friday. Zacks Investment Research raised SunOpta from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Finally, Citigroup lowered their price objective on SunOpta from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Monday, November 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $8.88.
In other SunOpta news, major shareholder Oaktree Huntington Investment purchased 644,540 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was purchased at an average cost of $7.50 per share, with a total value of $4,834,050.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard Dean Hollis purchased 10,000 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was acquired at an average cost of $7.65 per share, with a total value of $76,500.00. Following the completion of the acquisition, the director now directly owns 73,745 shares of the company’s stock, valued at $564,149.25. The disclosure for this purchase can be found here. Insiders own 1.88% of the company’s stock.
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SunOpta Company Profile
Sunopta Inc is a Canada-based company, which operates businesses focused on a healthy products portfolio. It operates through the following segments: Global Ingredients and Consumer Products. The Global Ingredients segment aggregates its North American and international raw material sourcing and supply operating segments focused on the procurement, processing and sale of specialty and organic grains, seeds, fruits, grain- and cocoa-based ingredients, and other commodities.
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