Somewhat Positive Media Coverage Somewhat Unlikely to Affect SunOpta (STKL) Share Price

News stories about SunOpta (NASDAQ:STKL) (TSE:SOY) have trended somewhat positive this week, according to Accern. The research group ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. SunOpta earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 45.7516504210992 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Shares of SunOpta (STKL) opened at $8.10 on Wednesday. SunOpta has a 1 year low of $6.00 and a 1 year high of $10.20. The firm has a market capitalization of $697.99, a price-to-earnings ratio of -11.74 and a beta of 1.66. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.32 and a quick ratio of 0.45.

SunOpta (NASDAQ:STKL) (TSE:SOY) last announced its quarterly earnings results on Wednesday, November 8th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). SunOpta had a negative net margin of 3.99% and a negative return on equity of 2.98%. The company had revenue of $320.71 million during the quarter, compared to the consensus estimate of $335.68 million. During the same quarter last year, the company earned $0.07 earnings per share. The business’s revenue was down 8.0% on a year-over-year basis. equities research analysts anticipate that SunOpta will post -0.09 EPS for the current fiscal year.

STKL has been the topic of a number of research reports. Citigroup lowered their price objective on SunOpta from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Monday, November 20th. Zacks Investment Research upgraded SunOpta from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research report on Wednesday, October 11th. Finally, BidaskClub upgraded SunOpta from a “sell” rating to a “hold” rating in a research report on Saturday, January 6th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $8.88.

In other SunOpta news, Director Richard Dean Hollis acquired 10,000 shares of SunOpta stock in a transaction on Friday, November 10th. The shares were bought at an average price of $7.65 per share, with a total value of $76,500.00. Following the completion of the purchase, the director now owns 73,745 shares in the company, valued at $564,149.25. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Oaktree Huntington Investment acquired 644,540 shares of SunOpta stock in a transaction on Friday, December 15th. The stock was acquired at an average cost of $7.50 per share, for a total transaction of $4,834,050.00. The disclosure for this purchase can be found here. Corporate insiders own 1.88% of the company’s stock.

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SunOpta Company Profile

Sunopta Inc is a Canada-based company, which operates businesses focused on a healthy products portfolio. It operates through the following segments: Global Ingredients and Consumer Products. The Global Ingredients segment aggregates its North American and international raw material sourcing and supply operating segments focused on the procurement, processing and sale of specialty and organic grains, seeds, fruits, grain- and cocoa-based ingredients, and other commodities.

Insider Buying and Selling by Quarter for SunOpta (NASDAQ:STKL)

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