Winpak (TSE:WPK) Upgraded to Strong-Buy by National Bank Financial

Winpak (TSE:WPK - Get Free Report) was upgraded by stock analysts at National Bank Financial to a "strong-buy" rating in a research report issued on Wednesday, Zacks.com reports.

A number of other brokerages also recently issued reports on WPK. CIBC lifted their price target on Winpak from C$49.00 to C$51.00 in a report on Friday, July 26th. National Bankshares set a C$55.00 target price on Winpak and gave the stock an "outperform" rating in a research note on Thursday. Finally, BMO Capital Markets boosted their target price on Winpak from C$46.00 to C$50.00 in a research note on Friday, July 26th.

Winpak Stock Up 1.4 %

TSE WPK traded up C$0.63 on Wednesday, reaching C$46.60. 92,100 shares of the stock traded hands, compared to its average volume of 44,547. The company has a debt-to-equity ratio of 0.82, a quick ratio of 4.69 and a current ratio of 8.95. The company has a fifty day moving average price of C$45.74 and a 200-day moving average price of C$43.95. The company has a market cap of C$2.94 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 4.44 and a beta of 0.20. Winpak has a 12 month low of C$36.95 and a 12 month high of C$48.74.

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 (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 for the quarter. As a group, research analysts forecast that Winpak will post 3.5143288 EPS for the current fiscal 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.