Winpak (TSE:WPK) Price Target Raised to C$52.00

Winpak (TSE:WPK - Get Free Report) had its price target boosted by research analysts at BMO Capital Markets from C$50.00 to C$52.00 in a research note issued on Friday, BayStreet.CA reports. BMO Capital Markets' price objective would indicate a potential upside of 5.11% from the stock's previous close.

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

Winpak Stock Up 4.5 %

WPK stock traded up C$2.15 during trading on Friday, hitting C$49.47. 53,354 shares of the company's stock were exchanged, compared to its average volume of 44,467. The stock has a market capitalization 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. Winpak has a 52-week low of C$36.95 and a 52-week high of C$49.50. The company has a current ratio of 8.95, a quick ratio of 4.69 and a debt-to-equity ratio of 0.82. The business has a 50-day moving average price of C$45.85 and a two-hundred day moving average price of C$44.76.

Winpak (TSE:WPK - Get Free Report) last announced its quarterly earnings results on Thursday, July 25th. The company reported C$0.83 earnings per share for the quarter. The firm had revenue of C$387.89 million during the quarter. Winpak had a net margin of 12.90% and a return on equity of 10.62%. As a group, equities research analysts expect that Winpak will post 3.5432473 EPS for the current year.

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.