Winpak (TSE:WPK) Given New C$49.00 Price Target at CIBC

Winpak (TSE:WPK) had its price target raised by CIBC from C$45.00 to C$49.00 in a report released on Wednesday, BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. CIBC’s price target would indicate a potential upside of 9.67% from the stock’s previous close.

Separately, BMO Capital Markets lifted their price objective on shares of Winpak from C$45.00 to C$46.00 and gave the stock a “market perform” rating in a research report on Thursday, February 29th.

Winpak Price Performance

TSE WPK opened at C$44.68 on Wednesday. The stock has a market capitalization of C$2.90 billion, a P/E ratio of 14.41, a P/E/G ratio of 4.44 and a beta of 0.19. Winpak has a 1 year low of C$36.95 and a 1 year high of C$46.74. The business’s fifty day moving average is C$40.96 and its two-hundred day moving average is C$40.47. The company has a debt-to-equity ratio of 1.00, a quick ratio of 4.69 and a current ratio of 10.47.

Winpak (TSE:WPK) last posted its quarterly earnings data on Wednesday, February 28th. The company reported C$0.74 earnings per share for the quarter, topping the consensus estimate of C$0.71 by C$0.03. Winpak had a net margin of 12.98% and a return on equity of 11.26%. The firm had revenue of C$375.29 million for the quarter, compared to analysts’ expectations of C$384.56 million. On average, research analysts forecast that Winpak will post 3.1780822 earnings per share for the current fiscal year.

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.