Winpak (TSE:WPK) PT Raised to C$52.00

Winpak (TSE:WPK) had its price objective increased by analysts at BMO Capital Markets from C$50.00 to C$52.00 in a note issued to investors on Friday, BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 5.11% from the company’s current price.

Several other brokerages have also recently issued reports on WPK. National Bankshares set a C$55.00 target price on shares of Winpak and gave the stock an “outperform” rating in a research report on Thursday, September 26th. National Bank Financial upgraded shares of Winpak to a “strong-buy” rating in a research note on Wednesday, September 25th. Finally, CIBC boosted their price objective on shares of Winpak from C$49.00 to C$51.00 in a research note on Friday, July 26th.

Winpak Price Performance

Shares of WPK stock opened at C$49.47 on Friday. The firm has a market cap of C$3.12 billion, a P/E ratio of 16.27, a P/E/G 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. Winpak has a 1-year low of C$36.95 and a 1-year high of C$49.50. The firm has a fifty day moving average of C$45.85 and a two-hundred day moving average of C$44.76.

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