Winpak (TSE:WPK) Stock Rating Upgraded by National Bank Financial

Winpak (TSE:WPK) was upgraded by stock analysts at National Bank Financial to a “strong-buy” rating in a research note issued on Wednesday, Zacks.com reports.

A number of other research firms have also recently issued reports on WPK. National Bankshares set a C$55.00 price objective on shares of Winpak and gave the company an “outperform” rating in a research report on Thursday. BMO Capital Markets lifted their price target on shares of Winpak from C$46.00 to C$50.00 in a report on Friday, July 26th. Finally, CIBC raised their price objective on shares of Winpak from C$49.00 to C$51.00 in a report on Friday, July 26th.

Winpak Stock Up 1.4 %

Shares of TSE WPK opened at C$46.60 on Wednesday. The company has a current ratio of 8.95, a quick ratio of 4.69 and a debt-to-equity ratio of 0.82. The business has a 50-day moving average of C$45.71 and a 200-day moving average of C$43.91. The firm has a market capitalization of C$2.94 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 4.44 and a beta of 0.20. Winpak has a 12 month low of C$36.95 and a 12 month high of C$48.74.

Winpak (TSE:WPK) last issued its earnings results on Thursday, July 25th. The company reported C$0.83 earnings per share (EPS) for the quarter. The business had revenue of C$387.89 million during the quarter. Winpak had a return on equity of 10.62% and a net margin of 12.90%. Sell-side analysts expect that Winpak will post 3.5143288 earnings per share for the current fiscal 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.