Lake Street analyst Mark Smith reiterated a Buy rating on SunOpta (STKL – Research Report) today and set a price target of $10.00. The company’s shares closed yesterday at $6.79.
According to TipRanks, Smith is a 5-star analyst with an average return of 18.1% and a 48.91% success rate. Smith covers the Consumer Cyclical sector, focusing on stocks such as Clarus, Potbelly, and Vista Outdoor.
SunOpta has an analyst consensus of Strong Buy, with a price target consensus of $9.40.
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STKL market cap is currently $783.2M and has a P/E ratio of -4.44.
Based on the recent corporate insider activity of 52 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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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