Winpak (TSE:WPK) PT Set at C$55.00 by National Bankshares

Winpak (TSE:WPK) has been given a C$55.00 target price by National Bankshares in a report released on Thursday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 19.59% from the company’s previous close.

Several other research firms have also commented on WPK. BMO Capital Markets upped their target price on Winpak from C$46.00 to C$50.00 in a research note on Friday, July 26th. CIBC upped their target price on Winpak from C$49.00 to C$51.00 in a research note on Friday, July 26th.

Winpak Price Performance

Shares of TSE WPK traded up C$0.61 during trading on Thursday, reaching C$45.99. The company had a trading volume of 32,895 shares, compared to its average volume of 44,023. Winpak has a twelve month low of C$36.95 and a twelve month high of C$48.74. The stock has a market capitalization of C$2.90 billion, a PE ratio of 15.22, a price-to-earnings-growth ratio of 4.44 and a beta of 0.20. The stock has a 50-day moving average price of C$45.69 and a two-hundred day moving average price of C$43.89. The company has a current ratio of 8.95, a quick ratio of 4.69 and a debt-to-equity ratio of 0.82.

Winpak (TSE:WPK) last released its quarterly earnings results on Thursday, July 25th. The company reported C$0.83 earnings per share for the quarter. Winpak had a return on equity of 10.62% and a net margin of 12.90%. The company had revenue of C$387.89 million during the quarter. As a group, sell-side analysts predict that Winpak will post 3.5700713 earnings per share for the current 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.