Winpak (TSE:WPK) Hits New 1-Year High Following Analyst Upgrade

Winpak Ltd. (TSE:WPK)’s share price reached a new 52-week high during mid-day trading on Friday after BMO Capital Markets raised their price target on the stock from C$50.00 to C$52.00. The stock traded as high as C$48.88 and last traded at C$48.73, with a volume of 22293 shares. The stock had previously closed at C$47.32.

A number of other equities research analysts have also issued reports on the company. CIBC boosted their target price on Winpak from C$49.00 to C$51.00 in a research report on Friday, July 26th. National Bankshares set a C$55.00 price objective on shares of Winpak and gave the stock an “outperform” rating in a report on Thursday, September 26th. Finally, National Bank Financial raised shares of Winpak to a “strong-buy” rating in a report on Wednesday, September 25th.

Winpak Stock Up 2.7 %

The firm’s 50-day moving average is C$45.78 and its 200 day moving average is C$44.73. The firm has a market capitalization of C$3.06 billion, a P/E ratio of 15.98, a PEG ratio of 4.44 and a beta of 0.21. The company has a debt-to-equity ratio of 0.82, a quick ratio of 4.69 and a current ratio of 8.95.

Winpak (TSE:WPK) last posted its quarterly earnings data on Thursday, July 25th. The company reported C$0.83 earnings per share for the quarter. Winpak had a return on equity of 10.62% and a net margin of 12.90%. The company had revenue of C$387.89 million during the quarter. As a group, equities research analysts predict that Winpak Ltd. will post 3.5432473 EPS for the current fiscal year.

Winpak Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, October 11th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.41%. The ex-dividend date was Tuesday, October 1st. This is an increase from Winpak’s previous quarterly dividend of $0.03. Winpak’s dividend payout ratio is presently 6.58%.

Winpak Company Profile

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.