Analysis: SunOpta (NASDAQ:STKL) Target Increased Today
In analysts note released by Citigroup on 9 December, the firm, SunOpta (NASDAQ:STKL), had their PT downgraded to $8.50. Analusts at present have a solid Buy rating on the stock.
From a total of 7 analysts covering SunOpta (NASDAQ:STKL) stock, 7 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 78% of the ratings are positive. The highest target price is $11 while the lowest target price is $6. The mean of all analyst targets is $9.07 with a 30.25% above today’s ($6.91) stock price. SunOpta was the topic of 5 analyst reports since August 15, 2015 according to the firm StockzIntelligence Inc. BMO Capital Markets initiated shares on October 8 with “Outperform” rating. Zacks upgraded shares to “Hold” rating and $11 target share price in a report from an August 18. Zacks downgraded STKL stock in a recent report from August 20 to “Buy” rating.
Approximately 386,356 shares of stock traded hands. SunOpta, Inc. (USA) (NASDAQ:STKL) has declined 31.53% since May 6, 2015 and is downtrending. It has underperformed by 30.73% the S&P500.
The overall sentiment of institutions has increased to 1.22 in Q2 2015. Its up 0.11, from 1.11 in 2015Q2. The ratio is positive, as 27 institutions have sold all the shares of SunOpta, Inc. (USA) that they owned while 24 funds have taken shares off the table. 20 funds have purchased shares for the first time while 42 added to their positions. These institutions now hold 72.50 million shares or 36.67% more than the 53.05 million shares they owned in 2015Q2.
The Fund West Face Capital Inc. currently is holding shares equating to 17.05% of its total portfolio in SunOpta, Inc. (USA) representing a total of 8.47 million shares. Another fund,Domini Social Investments Llc, is holding a total of 81,596 shares equating to 6.49% of their holdings. Additionally, Daruma Capital Management Llc has a 6.68 million share stake in SunOpta, Inc. (USA) which represents 1.99% of their total portfolio. The Fund, Overbrook Management Corp, based out of New York, has also built up a stake in the stock, which represents a total of 1.63% of their total portfolio. Finally Rock Point Advisors Llc, a fund which is based in the state of Vermont reported a total holdings of 473,777 shares.
Insider activity is a very important aspect to track on any stock. Going back to March 12, 2015, shareholders of SunOpta, Inc. (USA) have witnessed 0 buys, and a total of 1 sale equating to a net activity of approximately $257,470 . Tourbillon Capital Partners – L.P. sold 50,000 shares worth approximately $257,470. Kendall Jeremy sold 500 shares worth approximately $6,501. Ruelle John sold 22,000 shares worth approximately $220,554. Routh Allan Glen sold 40,000 shares worth approximately $413,080. The company insider Murray Alan bought 19,230 shares worth $200,665.
SunOpta Inc. is a global company operating businesses focused on healthy products portfolio. The company has a market cap of $589.01 million. The Firm specializes in sourcing, processing and packaging of natural, organic and specialty food products. It currently has negative earnings. It operates in three divisions: Global Ingredients, Consumer Products and Opta Minerals.
According to Zacks Investment Research, “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.” Get a free copy of the Zacks research report on SunOpta, Inc. (USA) (STKL).