Stock Rating Upgrade
The Value Trend Rating for SunOpta Inc (NASDAQ: STKL) improved recently from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 4/8/24, SunOpta Inc (NASDAQ: STKL) stock increased 1.7%, closing at $6.62. This advance was accompanied by normal trading volume. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -3.6% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, STKL is expected to be a major Value Builder.
SunOpta has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. SunOpta has a very low Appreciation Score of 8 but a good Power Rating of 82, triggering the Low Neutral Value Trend Rating.
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