Winpak (TSE:WPK) Hits New 12-Month High – Still a Buy?

Winpak Ltd. (TSE:WPK) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$50.64 and last traded at C$50.62, with a volume of 39381 shares changing hands. The stock had previously closed at C$49.39.

Wall Street Analysts Forecast Growth

WPK has been the topic of several research reports. National Bankshares set a C$55.00 target price on Winpak and gave the company an “outperform” rating in a research report on Thursday, September 26th. National Bank Financial raised Winpak to a “strong-buy” rating in a research report on Wednesday, September 25th. CIBC upped their target price on Winpak from C$53.00 to C$54.00 in a research report on Monday, October 28th. Finally, BMO Capital Markets upped their target price on Winpak from C$50.00 to C$52.00 in a research report on Friday, October 25th.

Winpak Stock Performance

The company has a debt-to-equity ratio of 0.82, a current ratio of 8.95 and a quick ratio of 4.69. The company has a market capitalization of C$3.19 billion, a PE ratio of 16.25, a price-to-earnings-growth ratio of 4.44 and a beta of 0.21. The firm’s fifty day simple moving average is C$47.51 and its 200 day simple moving average is C$45.85.

Winpak Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, October 11th were paid a dividend of $0.05 per share. This is a positive change from Winpak’s previous quarterly dividend of $0.03. This represents a $0.20 annualized dividend and a dividend yield of 0.40%. The ex-dividend date of this dividend was Tuesday, October 1st. 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.