Winpak (TSE:WPK) Stock Price Passes Above Two Hundred Day Moving Average of $40.33

Winpak Ltd. (TSE:WPK)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$40.33 and traded as high as C$41.02. Winpak shares last traded at C$40.73, with a volume of 49,883 shares traded.

Analysts Set New Price Targets

A number of research firms have recently weighed in on WPK. CIBC cut Winpak from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from C$48.00 to C$45.00 in a research report on Thursday, February 29th. BMO Capital Markets raised their target price on Winpak from C$45.00 to C$46.00 and gave the stock a “market perform” rating in a research note on Thursday, February 29th.

Winpak Price Performance

The company has a market cap of C$2.65 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 4.44 and a beta of 0.19. The company has a debt-to-equity ratio of 1.00, a quick ratio of 4.69 and a current ratio of 10.47. The stock has a 50 day moving average of C$40.78 and a 200-day moving average of C$40.33.

Winpak (TSE:WPK) last released its quarterly earnings data on Wednesday, February 28th. The company reported C$0.74 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.71 by C$0.03. The business had revenue of C$375.29 million during the quarter, compared to analyst estimates of C$384.56 million. Winpak had a return on equity of 11.26% and a net margin of 12.98%. Equities analysts predict that Winpak Ltd. will post 3.1780822 earnings per share for the current year.

Winpak Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, April 12th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, April 1st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.29%. Winpak’s payout ratio is currently 3.87%.

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.