Winpak (TSE:WPK) Sets New 1-Year High - Time to Buy?

Winpak Ltd. (TSE:WPK - Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as C$50.30 and last traded at C$50.30, with a volume of 2937 shares changing hands. The stock had previously closed at C$50.06.

Analyst Upgrades and Downgrades

WPK has been the subject of several recent research reports. CIBC boosted their price target on shares of Winpak from C$53.00 to C$54.00 in a report on Monday, October 28th. National Bank Financial upgraded Winpak to a "strong-buy" rating in a 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 report on Thursday, September 26th. Finally, BMO Capital Markets upped their price objective on Winpak from C$50.00 to C$52.00 in a research note on Friday, October 25th.

Winpak Stock Down 1.1 %

The firm has a market capitalization of C$3.12 billion, a price-to-earnings ratio of 16.29, a price-to-earnings-growth ratio of 4.44 and a beta of 0.21. The company has a debt-to-equity ratio of 0.82, a current ratio of 8.95 and a quick ratio of 4.69. The business has a fifty day moving average price of C$46.36 and a two-hundred day moving average price of C$45.24.

Winpak Increases Dividend

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