Winpak (TSE:WPK) Price Target Raised to C$52.00

Winpak (TSE:WPK) had its price target lifted by National Bank Financial from C$50.00 to C$52.00 in a research report sent to investors on Friday,BayStreet reports. National Bank Financial currently has a sector perform rating on the stock.

Winpak Stock Performance

Shares of WPK stock opened at C$43.58 on Friday. The stock has a 50 day moving average price of C$43.80 and a two-hundred day moving average price of C$42.97. Winpak has a fifty-two week low of C$38.95 and a fifty-two week high of C$52.24. The company has a market capitalization of C$2.56 billion, a P/E ratio of 18.95, a PEG ratio of 4.44 and a beta of 0.46.

Winpak (TSE:WPK) last announced its quarterly earnings results on Thursday, October 22nd. The company reported C$0.85 earnings per share for the quarter. The business had revenue of C$442.31 million during the quarter. Winpak had a net margin of 11.61% and a return on equity of 10.23%. During the same period in the previous year, the company earned $0.60 EPS. As a group, equities analysts predict that Winpak will post 3.54 earnings per share for the current year.

Winpak Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Friday, October 9th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Thursday, October 1st. Winpak’s dividend payout ratio (DPR) is currently 6.21%.

Winpak Company Profile

Winpak’s vision is to provide the best packaging solutions for people and planet. Winpak manufactures and distributes high-quality packaging materials and innovative packaging machines, primarily used for the protection of perishable foods, beverages, pharmaceuticals, medical and personal care. Winpak specializes in three main streams of packaging – Flexible Packaging, Rigid Packaging & Lidding, and Packaging Machinery. The Company is closely aligned with Wipak, one of Europe’s leading manufacturers of packaging materials.