View analysts price targets for STKL or view top-rated stocks among Wall Street analysts. 4 Wall Street equities research analysts have issued « buy, » « hold, » and « sell » ratings for SunOpta in the last year. The consensus among Wall Street equities research analysts is that investors should « buy » STKL shares. The recent sale of its frozen fruit business for $141 million is part of SunOpta’s ongoing strategy to streamline its portfolio and concentrate on its core business. SunOpta’s goal is to become a prominent manufacturer of value-added products in the plant-based and healthy snack industries. This divestiture has led to enhancements in the company’s balance sheet and gross profit margins.
The SunOpta, Inc. stock price is closed at $ 3.55 with a total market cap valuation of $ 410.41M (44M shares outstanding). SunOpta sources, processes, packages, and markets natural, organic, and specialty food products in the United States, Canada, Europe, China, and Ethiopia. The company was founded in 1973 and is based in Brampton, Canada. High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses.
- SunOpta (STKL) closed the most recent trading day at $3.37, moving +0.6% from the previous trading session.
- ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
- SunOpta is a company that has expanded primarily by acquiring businesses that make and sell sustainable, plant-based, and fruit-based food and drinks.
- SunOpta Inc is a Canadian company that focuses on a healthy product portfolio.
SunOpta’s Q3 earnings are confirmed for Wednesday, November 8, 2023. Provides a general description of the business conducted by this company. The Barchart Technical Opinion rating is a 88% Sell with a Average short term outlook on maintaining the current direction. SunOpta (STKL) closed the most recent trading day at $3.37, moving +0.6% from the previous trading session. SunOpta (STKL) closed at $3.24 in the latest trading session, marking a -1.22% move from the prior day.
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Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated. SunOpta Inc STKL shares hitbtc crypto exchange review are trading higher by over 26% after the company disclosed Q3 FY23 preliminary results, asset sales, and CFO transition details. Since then, STKL stock has decreased by 57.9% and is now trading at $3.55.
- The Barchart Technical Opinion rating is a 88% Sell with a Average short term outlook on maintaining the current direction.
- Dividend yield allows investors, particularly those interested in dividend-paying stocks,
to compare the relationship between a stock’s price and how it rewards stockholders through dividends. - The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
- Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.
- This divestiture has led to enhancements in the company’s balance sheet and gross profit margins.
- This means that over the past quarter there has been an increase of insiders selling their shares of STKL in relation to earlier this year.
The company operates through Plant-Based Foods and Beverages, and Fruit-Based Foods and Beverages segments. This segment also provides fruit snacks comprising bars, twists, ropes, and bite-sized products. The company was formerly known as Stake Technology Ltd. and changed its name to SunOpta Inc. in October 2003. SunOpta Inc. was incorporated in 1973 and is headquartered in Eden Prairie, Minnesota. SunOpta Inc is a Canadian company that focuses on a healthy product portfolio.
Live SunOpta Stock Price, Historical STKL Stock Price Chart
Since 1988 it has more than doubled the S&P 500 with an average gain of +24.17% per year. These returns cover a period from January 1, 1988 through September 4, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return.
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Its annual revenue has remained fairly stagnant over the last five financial years, and costly acquisition decisions have negatively impacted its financial performance. While the company began divesting non-core businesses in 2017, substantial improvements in both revenue and profitability have yet to materialize. In the past five quarters, SunOpta has experienced a downward trend in revenue and EBITDA. SunOpta is a company that has expanded primarily by acquiring businesses that make and sell sustainable, plant-based, and fruit-based food and drinks. They supply these products to retailers, foodservice providers, well-known food brands, and food manufacturers in the United States, Canada, and around the world. This company is expected to post quarterly loss of $0.27 per share in its upcoming report, which represents a year-over-year change of -1000%.
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The company issued revenue guidance of $152.00 million-$152.00 million, compared to the consensus revenue estimate of $220.17 million. SunOpta has an analyst consensus of Strong Buy, with a price target consensus of $8.75, representing a 205.94% upside. In a report released on what is forex and how the foreign exchange market works October 2, Mizuho Securities also initiated coverage with a Buy rating on the stock with a $9.00 price target. The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals.
Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. SunOpta, which belongs to the Zacks Food – Miscellaneous industry, posted revenues of $207.81 million for the quarter ended June 2023, missing the Zacks Consensus Estimate by 7.64%. The company has topped consensus revenue estimates two times over the last four quarters.
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It’s important to note that the company’s revenue and EBITDA have been declining over the past five quarters, and they expect a weaker FY 2023 than the previous year. Because of this, I recommend a « wait and see » approach, closely monitoring how these changes city index: a reliable broker affect the company’s performance before making any buying decisions, and therefore suggesting a « hold » stance. SunOpta’s recent stock price surge, triggered by its divestiture, still leaves it trading well below the average price target of $9.17.
STKL’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. Over the past three financial years, the company’s net debt has been on the rise. However, with the recent sale, where it received cash proceeds, the company has a chance to strengthen its balance sheet by using the funds to pay down debt and other financial obligations. MINNEAPOLIS–(BUSINESS WIRE)–West Life™, the plant-based brand formerly known as Westsoy, is championing soy protein as a source of fuel and positive change with a new brand name and a new line of … One other stock from the same industry, Real Good Food Company, Inc. (RGF Quick QuoteRGF – Free Report) , is yet to report results for the quarter ended June 2023.
Notably, the revenue estimates for Q are higher than what the company anticipates, and there’s an expectation of negative earnings. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is breakeven on $260 million in revenues for the coming quarter and $0.10 on $1 billion in revenues for the current fiscal year. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company’s earnings outlook.
The technique has proven to be very useful for finding positive surprises. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. /PRNewswire/ — USA News Group – The current global food crisis continues to build momentum, as reports of food shortages are coming out of more than 13… /PRNewswire/ – Nature’s Touch, a leader in the frozen organic and conventional fruit industry, is thrilled to announce the successful acquisition of certain…