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

Winpak Ltd. (TSE:WPK) shares reached a new 52-week high on Friday after BMO Capital Markets raised their price target on the stock from C$50.00 to C$52.00. The company traded as high as C$48.88 and last traded at C$48.73, with a volume of 22293 shares changing hands. The stock had previously closed at C$47.32.

A number of other analysts have also weighed in on the stock. National Bank Financial upgraded shares of Winpak to a “strong-buy” rating in a research report on Wednesday, September 25th. National Bankshares set a C$55.00 price target on Winpak and gave the company an “outperform” rating in a research note on Thursday, September 26th. Finally, CIBC boosted their price objective on Winpak from C$49.00 to C$51.00 in a research report on Friday, July 26th.

Winpak Price Performance

The company has a fifty day simple moving average of C$45.85 and a 200 day simple moving average of C$44.76. The stock has a market capitalization of C$3.12 billion, a price-to-earnings ratio of 16.27, a P/E/G ratio of 4.44 and a beta of 0.21. The company has a debt-to-equity ratio of 0.82, a quick ratio of 4.69 and a current ratio of 8.95.

Winpak (TSE:WPK) last posted its quarterly earnings data on Thursday, July 25th. The company reported C$0.83 EPS for the quarter. Winpak had a return on equity of 10.62% and a net margin of 12.90%. The company had revenue of C$387.89 million for the quarter. Equities research analysts forecast that Winpak Ltd. will post 3.5432473 EPS for the current fiscal year.

Winpak Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, October 11th were issued a dividend of $0.05 per share. This is a positive change from Winpak’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, October 1st. This represents a $0.20 annualized dividend and a yield of 0.40%. Winpak’s dividend payout ratio (DPR) is presently 6.58%.

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.