BidaskClub Lowers SunOpta (NASDAQ:STKL) to Strong Sell

BidaskClub downgraded shares of SunOpta (NASDAQ:STKL) (TSE:SOY) from a sell rating to a strong sell rating in a report issued on Saturday, February 3rd.

Several other research analysts have also weighed in on the company. Zacks Investment Research upgraded SunOpta from a strong sell rating to a hold rating in a report on Wednesday, January 10th. Citigroup reduced their target price on SunOpta from $10.00 to $9.00 and set a buy rating on the stock in a report on Monday, November 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $8.88.

SunOpta (NASDAQ STKL) opened at $7.00 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.45 and a current ratio of 1.32. The firm has a market capitalization of $606.95, a PE ratio of -10.14 and a beta of 1.36. SunOpta has a twelve month low of $6.00 and a twelve month high of $10.20.

In other news, major shareholder Oaktree Huntington Investment purchased 644,540 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were bought at an average cost of $7.50 per share, for a total transaction of $4,834,050.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.88% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new stake in shares of SunOpta in the fourth quarter valued at about $102,000. Cookson Peirce & Co. Inc. acquired a new stake in shares of SunOpta in the second quarter valued at about $143,000. Tudor Investment Corp ET AL acquired a new stake in shares of SunOpta in the second quarter valued at about $153,000. Marble Harbor Investment Counsel LLC acquired a new stake in shares of SunOpta in the third quarter valued at about $157,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of SunOpta in the fourth quarter valued at about $162,000. 78.76% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for SunOpta (NASDAQ:STKL)

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