Winpak (TSE:WPK) Stock Price Passes Above 200 Day Moving Average of $43.88

Winpak Ltd. (TSE:WPK) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$43.88 and traded as high as C$45.68. Winpak shares last traded at C$45.55, with a volume of 28,830 shares.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on WPK. BMO Capital Markets lifted their price target on shares of Winpak from C$46.00 to C$50.00 in a research note on Friday, July 26th. CIBC boosted their target price on Winpak from C$49.00 to C$51.00 in a research report on Friday, July 26th.

Winpak Trading Up 0.5 %

The business has a fifty day moving average of C$45.68 and a 200-day moving average of C$43.88. 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 market capitalization of C$2.87 billion, a P/E ratio of 15.08, a PEG ratio of 4.44 and a beta of 0.20.

Winpak (TSE:WPK) last issued its quarterly earnings data on Thursday, July 25th. The company reported C$0.83 earnings per share (EPS) 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%. Analysts anticipate that Winpak Ltd. will post 3.5700713 earnings per share for the current fiscal year.

Winpak Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Tuesday, October 1st will be issued a dividend of $0.05 per share. 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 0.44%. The ex-dividend date is Tuesday, October 1st. Winpak’s payout ratio is currently 6.62%.

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.