Winpak (TSE:WPK) Price Target Raised to C$50.00

Winpak (TSE:WPK) had its price target increased by National Bank Financial from C$49.00 to C$50.00 in a research report report published on Tuesday morning,BayStreet reports. National Bank Financial currently has a sector perform rating on the stock.

Winpak Stock Performance

Shares of TSE WPK opened at C$44.60 on Tuesday. Winpak has a 1 year low of C$38.95 and a 1 year high of C$52.24. The stock’s 50-day simple moving average is C$43.79 and its 200-day simple moving average is C$43.00. The firm has a market cap of C$2.62 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 4.44 and a beta of 0.46.

Winpak (TSE:WPK) last issued its quarterly earnings results on Thursday, July 23rd. The company reported C$0.81 EPS for the quarter. Winpak had a return on equity of 10.41% and a net margin of 12.01%. The firm had revenue of C$417.85 million during the quarter. As a group, research analysts predict that Winpak will post 3.54 EPS for the current year.

Winpak Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Friday, October 9th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, October 1st. Winpak’s dividend payout ratio is presently 6.24%.

Winpak Company Profile

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.