In a report released today, Brian Holland from D.A. Davidson reiterated a Buy rating on SunOpta (STKL – Research Report). The company’s shares closed yesterday at $6.70.
According to TipRanks, Holland is a 3-star analyst with an average return of 3.0% and a 50.67% success rate. Holland covers the Consumer Defensive sector, focusing on stocks such as The Hershey Company, Freshpet, and Simply Good Foods.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for SunOpta with a $10.00 average price target, a 49.25% upside from current levels. In a report released on February 29, BMO Capital also reiterated a Buy rating on the stock with a $10.00 price target.
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STKL market cap is currently $777.4M and has a P/E ratio of -4.38.
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SunOpta (STKL) Company Description:
SunOpta, Inc. engages in the sourcing, processing, and packaging of organic and non-genetically modified food and beverage products. It operates through the following segments: Global Ingredients, Plant-Based Foods and Beverages, and Fruit-Based Foods and Beverages. The Global Ingredients segment focuses on the procurement and sale of specialty and organic grains and seeds, raw material ingredients, value-added grain and cocoa-based ingredients, and organic commodities. The Plant-Based Foods and Beverages segment offers a full line of plant-based beverages and liquid and dry ingredients, as well as broths, teas and nutritional beverages. The Fruit-Based Foods and Beverages segment offers quick frozen fruit for retail and bulk frozen fruit for food service, and custom fruit preparations for industrial use. The company was founded on November 13, 1973 and is headquartered in Mississauga, Canada.
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