Winpak (TSE:WPK) PT Raised to C$49.00

Winpak (TSE:WPK) had its target price raised by CIBC from C$45.00 to C$49.00 in a report published on Wednesday, BayStreet.CA reports. CIBC currently has a neutral rating on the stock.

Separately, BMO Capital Markets boosted their price target on shares of Winpak from C$45.00 to C$46.00 and gave the stock a market perform rating in a research report on Thursday, February 29th.

Winpak Stock Performance

Winpak stock opened at C$44.62 on Wednesday. The firm has a market capitalization of C$2.90 billion, a P/E ratio of 14.39, a price-to-earnings-growth ratio of 4.44 and a beta of 0.19. The company’s 50-day moving average is C$41.02 and its 200 day moving average is C$40.51. Winpak has a 1-year low of C$36.95 and a 1-year high of C$46.74. The company has a debt-to-equity ratio of 1.00, a current ratio of 10.47 and a quick ratio of 4.69.

Winpak (TSE:WPK) last announced its earnings results on Wednesday, February 28th. The company reported C$0.74 earnings per share for the quarter, beating the consensus estimate of C$0.71 by C$0.03. Winpak had a net margin of 12.98% and a return on equity of 11.26%. The company had revenue of C$375.29 million during the quarter, compared to the consensus estimate of C$384.56 million. Research analysts forecast that Winpak will post 3.1780822 EPS for the current year.

Winpak Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Wednesday, July 3rd will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend is Wednesday, July 3rd. Winpak’s dividend payout ratio is currently 3.87%.

About Winpak

Winpak Ltd. manufactures and distributes packaging materials and related packaging machines in the United States, Canada, and Mexico. The company operates is Flexible Packaging, Rigid Packaging and Flexible Lidding, and Packaging Machinery segments. The Flexible Packaging segment provides modified atmosphere packaging products for fresh and processed meats, poultry, cheese, medical device packaging, high-performance pouch, and high-barrier films for converting applications; specialty films, including barrier and non-barrier films converting applications, such as printing, laminating and bag making, as well as shrink bags; and biaxially oriented nylon films for food packaging and industrial applications.