Craig-Hallum analyst Alex Fuhrman maintained a Buy rating on SunOpta (STKL – Research Report) today. The company’s shares closed yesterday at $6.65.
According to TipRanks, Fuhrman is an analyst with an average return of -5.7% and a 35.93% success rate. Fuhrman covers the Consumer Cyclical sector, focusing on stocks such as WW International, 1-800 Flowers, and Lindblad Expeditions Holdings.
SunOpta has an analyst consensus of Strong Buy, with a price target consensus of $9.40, a 41.35% upside from current levels. In a report released yesterday, D.A. Davidson also reiterated a Buy rating on the stock with a $9.00 price target.
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Based on SunOpta’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $152.54 million and a GAAP net loss of $145.82 million. In comparison, last year the company earned a revenue of $223.88 million and had a net profit of $673 thousand
Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of STKL in relation to earlier this year.
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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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