Winpak (TSE:WPK) Reaches New 12-Month Low – Here’s What Happened

Winpak Ltd. (TSE:WPK) shares reached a new 52-week low on Thursday . The company traded as low as C$38.95 and last traded at C$40.11, with a volume of 24728 shares trading hands. The stock had previously closed at C$41.03.

Analyst Upgrades and Downgrades

WPK has been the subject of a number of recent analyst reports. National Bank Financial raised their price target on shares of Winpak from C$48.00 to C$49.00 and gave the company a “sector perform” rating in a report on Wednesday, February 25th. Canadian Imperial Bank of Commerce lowered shares of Winpak from an “outperform” rating to a “hold” rating and lowered their price target for the company from C$53.00 to C$52.00 in a report on Tuesday, February 24th. Finally, BMO Capital Markets raised their price objective on shares of Winpak from C$47.00 to C$52.00 and gave the stock a “market perform” rating in a report on Tuesday, February 24th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Winpak currently has a consensus rating of “Hold” and an average target price of C$51.00.

Winpak Stock Performance

The stock’s 50-day moving average price is C$45.38 and its 200-day moving average price is C$44.76. The company has a current ratio of 6.34, a quick ratio of 4.69 and a debt-to-equity ratio of 1.06. The company has a market capitalization of C$2.36 billion, a P/E ratio of 17.85, a P/E/G ratio of 4.44 and a beta of 0.59.

Winpak (TSE:WPK) last posted its quarterly earnings results on Wednesday, April 29th. The company reported C$0.74 earnings per share (EPS) for the quarter. Winpak had a net margin of 12.20% and a return on equity of 10.69%. The company had revenue of C$389.30 million for the quarter. As a group, equities analysts expect that Winpak Ltd. will post 3.5432473 EPS for the current year.

Winpak Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, April 10th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Wednesday, April 1st. Winpak’s dividend payout ratio (DPR) is presently 6.40%.

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.