Winpak (TSE:WPK) Price Target Increased to C$54.00 by Analysts at CIBC

Winpak (TSE:WPK - Get Free Report) had its price objective raised by research analysts at CIBC from C$53.00 to C$54.00 in a research note issued to investors on Monday, BayStreet.CA reports. CIBC's price objective would suggest a potential upside of 9.56% from the stock's previous close.

Several other research analysts also recently weighed in on WPK. National Bank Financial raised shares of Winpak to a "strong-buy" rating in a research note on Wednesday, September 25th. National Bankshares set a C$55.00 target price on shares of Winpak and gave the company an "outperform" rating in a research note on Thursday, September 26th. Finally, BMO Capital Markets increased their price objective on shares of Winpak from C$50.00 to C$52.00 in a report on Friday.

Winpak Price Performance

Shares of TSE:WPK traded down C$0.18 during midday trading on Monday, hitting C$49.29. 71,477 shares of the stock were exchanged, compared to its average volume of 44,599. The stock has a market cap of C$3.11 billion, a P/E ratio of 16.23, 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 has a twelve month low of C$37.71 and a twelve month high of C$49.72. The company has a 50 day moving average price of C$45.85 and a 200-day moving average price of C$44.84.

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