|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||6.80 - 7.10|
|52 Week Range||1.30 - 7.71|
|Beta (5Y Monthly)||2.26|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||9.00|
Is (STKL) Outperforming Other Consumer Staples Stocks This Year?
As of late, it has definitely been a great time to be an investor in SunOpta.
Moody's Investors Service ("Moody's") upgraded SunOpta Foods Inc.'s ("SunOpta") corporate family rating (CFR) to B3 from Caa1, probability of default rating to B3-PD from Caa1-PD, and senior secured second lien notes rating to Caa1 from Caa2. SunOpta Foods Inc. (SunOpta, B3 positive) benefits from: (1) participation in the private label organic and non-genetically modified (non-GMO) food and plant-based beverage categories, which have attractive long-term growth prospects; (2) Moody's expectation that SunOpta's turnaround plan will continue to support EBITDA growth in in the next 12 months; (3) expectation that leverage will be sustained below 7x (6.4x LTM Q2 2020) over the next 12-18 months; and (4) maintenance of adequate liquidity.