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

Winpak (TSE:WPK) had its price target lifted by BMO Capital Markets from C$50.00 to C$52.00 in a research note published on Friday morning, BayStreet.CA reports.

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

Winpak Stock Performance

Shares of WPK stock opened at C$49.47 on Friday. Winpak has a 52 week low of C$36.95 and a 52 week high of C$49.50. The company has a market capitalization of C$3.12 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 4.44 and a beta of 0.21. The company has a 50-day simple moving average of C$45.85 and a 200 day simple moving average of C$44.80. 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 issued its quarterly earnings data on Thursday, July 25th. The company reported C$0.83 earnings per share (EPS) 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. On average, sell-side analysts predict that Winpak will post 3.5432473 earnings per share for the current year.

Winpak Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, October 11th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date was Tuesday, October 1st. This is an increase from Winpak’s previous quarterly dividend of $0.03. Winpak’s payout ratio is 6.58%.

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.