SunOpta (USA) (STKL) was Upgraded by DA Davidson to ” Buy” and the brokerage firm has set the Price Target at $6. Earlier the firm had a rating of “Neutral ” on the company shares. DA Davidson advised their investors in a research report released on Apr 14, 2016.
Many Wall Street Analysts have commented on SunOpta (USA). Shares were Downgraded by DA Davidson on Mar 2, 2016 to ” Neutral” and Lowered the Price Target to $ 6 from a previous price target of $7.50 .
On the company’s financial health, SunOpta (USA) reported $0.03 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Mar 1, 2016. Analyst had a consensus of $0.05. The company had revenue of $316.40 million for the quarter, compared to analysts expectations of $353.48 million. The company’s revenue was up 26.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS.
SunOpta (USA) opened for trading at $4.52 and hit $5.02 on the upside on Monday, eventually ending the session at $4.95, with a gain of 10.00% or 0.45 points. The heightened volatility saw the trading volume jump to 11,86,296 shares. Company has a market cap of $423 M.
In a different news, on Mar 16, 2016, Michael Detlefsen (director) purchased 5,000 shares at $4.87 per share price. According to the SEC, on Mar 16, 2016, Joseph Davidson (SVP & GM) purchased 500 shares at $4.88 per share price. On Dec 15, 2015, M Shan Atkins (director) purchased 4,500 shares at $6.85 per share price, according to the Form-4 filing with the securities and exchange commission.
SunOpta Inc. is a global company operating businesses focused on healthy products portfolio. The Company specializes in sourcing processing and packaging of natural organic and specialty food products. It operates in three segments: Global Ingredients Consumer Products and Opta Minerals. It sources organic and non-genetically modified (non-GMO) crops from growers and suppliers. The Global Ingredients segment aggregates its North American-based Raw Material Sourcing and Supply and European-based International Sourcing and Supply operating segments. The Consumer Products segment manufactures and supplies branded and private label aseptic beverages; re-sealable pouch products; individually quick frozen (IQF) fruits and vegetables; fruit bases and toppings; juices; shelf stable juices and waters and fruit- and grain-based snacks. The Opta Minerals segment processes distributes and recycles industrial minerals; silica-free abrasives and specialty sands.