Winpak (TSE:WPK) Reaches New 52-Week High After Analyst Upgrade

Shares of Winpak Ltd. (TSE:WPK) hit a new 52-week high on Friday after National Bankshares raised their price target on the stock from C$47.00 to C$48.00. National Bankshares currently has an outperform rating on the stock. Winpak traded as high as C$47.28 and last traded at C$47.24, with a volume of 109087 shares changing hands. The stock had previously closed at C$45.30.

Winpak Stock Up 4.3%

The business has a fifty day moving average of C$44.57 and a 200 day moving average of C$42.94. The firm has a market cap of C$2.86 billion, a P/E ratio of 21.18, a P/E/G ratio of 4.44 and a beta of 0.31.

Winpak (TSE:WPK) last announced its quarterly earnings results on Wednesday, October 22nd. The company reported C$60.00 earnings per share for the quarter. The business had revenue of C$394.42 million for the quarter. Winpak had a net margin of 13.17% and a return on equity of 10.82%. On average, sell-side analysts expect that Winpak Ltd. will post 3.5432473 EPS for the current fiscal year.

About Winpak

Winpak’s vision is to provide the best packaging solutions for people and planet. Winpak manufactures and distributes high-quality packaging materials and innovative packaging machines, primarily used for the protection of perishable foods, beverages, pharmaceuticals, medical and personal care. Winpak specializes in three main streams of packaging – Flexible Packaging, Rigid Packaging & Lidding, and Packaging Machinery. The Company is closely aligned with Wipak, one of Europe’s leading manufacturers of packaging materials.