The stock of SunOpta, Inc. (USA) (NASDAQ:STKL) hit a new 52-week high and has $10.44 target or 42.00% above today’s $7.35 share price. The 8 months bullish chart indicates low risk for the $624.89M company. The 1-year high was reported on Nov, 16 by Barchart.com. If the $10.44 price target is reached, the company will be worth $262.45M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 67,488 shares traded hands. SunOpta, Inc. (USA) (NASDAQ:STKL) has risen 35.94% since April 14, 2016 and is uptrending. It has outperformed by 31.25% the S&P500.
SunOpta, Inc. (USA) (NASDAQ:STKL) Ratings Coverage
Out of 4 analysts covering SunOpta (NASDAQ:STKL), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. SunOpta has been the topic of 7 analyst reports since August 15, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating by Zacks given on Tuesday, August 18. The stock of SunOpta, Inc. (USA) (NASDAQ:STKL) has “Market Perform” rating given on Friday, September 4 by William Blair. BMO Capital Markets initiated the stock with “Outperform” rating in Thursday, October 8 report. The stock of SunOpta, Inc. (USA) (NASDAQ:STKL) earned “Buy” rating by Wunderlich on Tuesday, October 11. The stock of SunOpta, Inc. (USA) (NASDAQ:STKL) has “Buy” rating given on Thursday, August 20 by Zacks. The stock of SunOpta, Inc. (USA) (NASDAQ:STKL) has “Buy” rating given on Saturday, August 15 by TheStreet.
According to Zacks Investment Research, “SunOpta Inc. is an operator of high-growth ethical businesses, focusing on integrated business models in the natural and organic food, supplements and health and beauty markets. The Company has three business units: the SunOpta Food Group, which specializes in sourcing, processing and distribution of natural and organic food products integrated from seed through packaged products; the Opta Minerals Group, a producer, distributor, and recycler of environmentally friendly industrial materials; and the SunOpta BioProcess Group which engineers and markets proprietary steam explosion technology systems for the pulp, bio-fuel and food processing industries. Each of these business units has proprietary products and services that give it a solid competitive advantage in its sector.”
Insitutional Activity: The institutional sentiment decreased to 0.69 in Q2 2016. Its down 0.19, from 0.88 in 2016Q1. The ratio dropped, as 17 funds sold all SunOpta, Inc. (USA) shares owned while 32 reduced positions. 16 funds bought stakes while 18 increased positions. They now own 62.26 million shares or 7.80% less from 67.52 million shares in 2016Q1.
Ardsley Advisory Prns has invested 2.75% of its portfolio in SunOpta, Inc. (USA) (NASDAQ:STKL). Private Advisor Group Ltd Limited Liability Company holds 11,492 shares or 0% of its portfolio. Renaissance Tech Limited Company last reported 158,230 shares in the company. Fin & Mgmt Group Inc Limited has 0.86% invested in the company for 677,072 shares. Reynders Mcveigh Capital Management Lc holds 211,185 shares or 0.13% of its portfolio. The New York-based Proxima Cap Mgmt Ltd Liability has invested 0.25% in SunOpta, Inc. (USA) (NASDAQ:STKL). Rock Point Advisors Ltd has invested 0.98% of its portfolio in SunOpta, Inc. (USA) (NASDAQ:STKL). The Georgia-based Invesco Ltd has invested 0% in SunOpta, Inc. (USA) (NASDAQ:STKL). Visium Asset Management Ltd Partnership has invested 0.02% of its portfolio in SunOpta, Inc. (USA) (NASDAQ:STKL). Natixis Asset Mngmt holds 98,076 shares or 0.04% of its portfolio. West Face Cap has invested 16.45% of its portfolio in SunOpta, Inc. (USA) (NASDAQ:STKL). National Bank & Trust Of Montreal Can holds 0.01% or 1.38 million shares in its portfolio. Prentiss Smith And Company has 0.01% invested in the company for 5,202 shares. Raymond James Svcs Advsrs last reported 10,592 shares in the company. Janus Capital Management Ltd Company accumulated 20,186 shares or 0% of the stock.
Insider Transactions: Since May 18, 2016, the stock had 5 buys, and 0 sales for $460,311 net activity. Hollis Richard Dean had bought 50,000 shares worth $327,500 on Friday, November 11. Greene Douglas bought $188,500 worth of stock or 50,000 shares. 4,000 shares were bought by Detlefsen Michael, worth $13,320 on Tuesday, May 24. On Friday, May 20 the insider KENDALL JEREMY bought $96,000. On Tuesday, May 24 the insider Davidson Joseph bought $3,441. Gratzek James had bought 5,000 shares worth $16,750 on Tuesday, May 24. Jacobs Hendrik bought $26,950 worth of stock.
More news for SunOpta, Inc. (USA) (NASDAQ:STKL) were recently published by: Fool.com, which released: “Why Shares of SunOpta Inc. Soared Today” on May 27, 2016. Reuters.com‘s article titled: “BRIEF-Sunopta Inc CEO Hendrik Jacobs resigns from post” and published on November 15, 2016 is yet another important article.
STKL Company Profile
SunOpta Inc., incorporated on January 1, 2008, operates businesses focused on a healthy products portfolio. The Firm operates through two divisions: Global Ingredients and Consumer Products. The Firm is focused on both sourcing non-genetically modified (non-GMO) and organic ingredients and manufacturing healthy food and beverage products. It operates an integrated field-to-table business model leveraging its global ingredient sourcing platform to process and market non-GMO and organic ingredients for retailers, food manufacturers and foodservice operators and manufacture packaged products focused on the healthy beverages, healthy fruit and healthy snacks categories for its retail, foodservice and branded food customers.
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