Winpak (TSE:WPK) Price Target Raised to C$48.00

Winpak (TSE:WPK) had its price objective boosted by National Bankshares from C$47.00 to C$48.00 in a report published on Thursday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Winpak Stock Performance

TSE:WPK opened at C$47.24 on Thursday. Winpak has a 52-week low of C$37.57 and a 52-week high of C$47.28. The company has a market cap of C$2.86 billion, a price-to-earnings ratio of 21.18, a P/E/G ratio of 4.44 and a beta of 0.31. The stock’s fifty day moving average price is C$44.63 and its two-hundred day moving average price is C$42.94.

Winpak (TSE:WPK) last posted its quarterly earnings results on Wednesday, October 22nd. The company reported C$60.00 earnings per share for the quarter. Winpak had a return on equity of 10.82% and a net margin of 13.17%.The company had revenue of C$394.42 million for the quarter. On average, equities analysts predict that Winpak 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.