BMO Capital Markets Raises Winpak (TSE:WPK) Price Target to C$50.00

Winpak (TSE:WPK) had its price objective raised by BMO Capital Markets from C$46.00 to C$50.00 in a research note issued to investors on Friday morning, BayStreet.CA reports.

Separately, CIBC upped their price target on shares of Winpak from C$49.00 to C$51.00 in a report on Friday.

Winpak Trading Up 7.7 %

Winpak stock opened at C$48.67 on Friday. The stock has a market cap of C$3.15 billion, a P/E ratio of 15.96, a PEG ratio of 4.44 and a beta of 0.18. Winpak has a fifty-two week low of C$36.95 and a fifty-two week high of C$48.68. The firm’s fifty day moving average price is C$44.37 and its 200-day moving average price is C$42.80. The company has a debt-to-equity ratio of 0.88, a quick ratio of 4.69 and a current ratio of 8.10.

Winpak Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, July 12th were given a dividend of $0.03 per share. The ex-dividend date was Wednesday, July 3rd. This represents a $0.12 annualized dividend and a yield of 0.25%. Winpak’s payout ratio is 3.93%.

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.