Winpak (TSE:WPK – Free Report) had its price target lifted by CIBC from C$45.00 to C$49.00 in a report issued on Wednesday, BayStreet.CA reports. They currently have a neutral rating on the stock.
Separately, BMO Capital Markets increased their target price on Winpak from C$45.00 to C$46.00 and gave the company a market perform rating in a report on Thursday, February 29th.
Check Out Our Latest Analysis on WPK
Winpak Trading Up 7.2 %
Winpak (TSE:WPK – Get Free Report) last issued its earnings results on Wednesday, February 28th. The company reported C$0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.71 by C$0.03. Winpak had a return on equity of 11.26% and a net margin of 12.98%. The business had revenue of C$375.29 million for the quarter, compared to analysts’ expectations of C$384.56 million. As a group, equities research analysts expect that Winpak will post 3.1780822 EPS for the current fiscal year.
Winpak Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, April 12th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.26%. The ex-dividend date was Monday, April 1st. Winpak’s dividend 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.
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