Winpak (TSE:WPK) Sets New 12-Month High on Analyst Upgrade

Winpak Ltd. (TSE:WPK)’s share price hit a new 52-week high during 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 commented on the company. CIBC increased their price target on Winpak from C$49.00 to C$51.00 in a research report on Friday, July 26th. National Bank Financial upgraded shares of 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 report on Thursday, September 26th.

Winpak Price Performance

The stock has a market cap of C$3.12 billion, a P/E ratio of 16.27, a P/E/G ratio of 4.44 and a beta of 0.21. The business has a 50 day simple moving average of C$45.85 and a 200-day simple moving average of C$44.76. 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 results on Thursday, July 25th. The company reported C$0.83 earnings per share for the quarter. Winpak had a net margin of 12.90% and a return on equity of 10.62%. The company had revenue of C$387.89 million for the quarter. On average, sell-side analysts forecast that Winpak Ltd. will post 3.5432473 EPS for the current year.

Winpak Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders 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%. This is a boost from Winpak’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, October 1st. Winpak’s 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.