Winpak (TSE:WPK) Reaches New 12-Month High After Analyst Upgrade

Winpak Ltd. (TSE:WPK - Get Free Report)'s stock price 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. The stock had previously closed at C$47.32.

WPK has been the topic of a number of other reports. National Bankshares set a C$55.00 price objective on shares of Winpak and gave the company an "outperform" rating in a research note on Thursday, September 26th. CIBC upped their target price on Winpak from C$49.00 to C$51.00 in a report on Friday, July 26th. Finally, National Bank Financial raised shares of Winpak to a "strong-buy" rating in a research report on Wednesday, September 25th.

Winpak Price Performance

The stock has a 50-day moving average price of C$45.85 and a two-hundred day moving average price of C$44.76. The stock has a market cap of C$3.12 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 4.44 and a beta of 0.21. The company has a current ratio of 8.95, a quick ratio of 4.69 and a debt-to-equity ratio of 0.82.

Winpak (TSE:WPK - Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The company reported C$0.83 earnings per share for the quarter. The business had revenue of C$387.89 million for the quarter. Winpak had a return on equity of 10.62% and a net margin of 12.90%. As a group, equities research analysts forecast that Winpak Ltd. will post 3.5432473 EPS for the current 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 paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.40%. The ex-dividend date was Tuesday, October 1st. This is an increase from Winpak's previous quarterly dividend of $0.03. Winpak's payout ratio is presently 6.58%.

About Winpak

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.