SunOpta (USA) (STKL) was Initiated by Wunderlich to “Buy” and the brokerage firm has set the Price Target at $10. Wunderlich advised their investors in a research report released on Oct 11, 2016.
Many Wall Street Analysts have commented on SunOpta (USA). Company shares were Reiterated by DA Davidson on Aug 11, 2016 to “Buy”, Firm has raised the Price Target to $ 7.50 from a previous price target of $7 .
On the company’s financial health, SunOpta (USA) reported $0.05 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Aug 10, 2016. Analyst had a consensus of $0.07. The company had revenue of $348.10 million for the quarter, compared to analysts expectations of $361.55 million. The company’s revenue was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS.
SunOpta (USA) closed down -0.49 points or -7.00% at $6.51 with 44,66,101 shares getting traded on Friday. Post opening the session at $7, the shares hit an intraday low of $5.73 and an intraday high of $7 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Aug 5, 2016, Douglas Greene (director) purchased 30,000 shares at $3.31 per share price. According to the SEC, on Jul 5, 2016, James Gratzek (SVP) purchased 5,000 shares at $3.35 per share price. On Jun 3, 2016, Michael Detlefsen (director) purchased 4,000 shares at $3.33 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.