Winpak (TSE:WPK) Reaches New 12-Month High After Analyst Upgrade

Winpak Ltd. (TSE:WPK)’s share price reached a new 52-week high during trading on Friday after National Bankshares raised their price target on the stock from C$47.00 to C$48.00. National Bankshares currently has an outperform rating on the stock. Winpak traded as high as C$47.28 and last traded at C$47.24, with a volume of 109087 shares traded. The stock had previously closed at C$45.30.

Winpak Stock Up 4.3%

The firm’s 50 day moving average is C$44.63 and its two-hundred day moving average is C$42.95. The stock has a market cap of C$2.86 billion, a price-to-earnings ratio of 21.18, a price-to-earnings-growth ratio of 4.44 and a beta of 0.31.

Winpak (TSE:WPK) last issued its earnings results on Wednesday, October 22nd. The company reported C$60.00 EPS for the quarter. The company had revenue of C$394.42 million during the quarter. Winpak had a return on equity of 10.82% and a net margin of 13.17%. On average, analysts anticipate that Winpak Ltd. will post 3.5432473 EPS for the current fiscal year.

About Winpak

Winpak’s vision is to provide the best packaging solutions for people and planet. Winpak manufactures and distributes high-quality packaging materials and innovative packaging machines, primarily used for the protection of perishable foods, beverages, pharmaceuticals, medical and personal care. Winpak specializes in three main streams of packaging – Flexible Packaging, Rigid Packaging & Lidding, and Packaging Machinery. The Company is closely aligned with Wipak, one of Europe’s leading manufacturers of packaging materials.