Winpak (TSE:WPK) Sets New 52-Week High at $46.06

Winpak Ltd. (TSE:WPK)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as C$46.06 and last traded at C$46.06, with a volume of 3221 shares trading hands. The stock had previously closed at C$45.27.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. BMO Capital Markets boosted their price target on shares of Winpak from C$46.00 to C$50.00 in a research note on Friday. CIBC boosted their price target on shares of Winpak from C$49.00 to C$51.00 in a research note on Friday.

Winpak Trading Up 7.7 %

The company has a debt-to-equity ratio of 0.88, a quick ratio of 4.69 and a current ratio of 8.10. The stock’s 50-day simple moving average is C$44.30 and its 200-day simple moving average is C$42.73. The firm has a market capitalization of C$3.15 billion, a PE ratio of 15.80, a P/E/G ratio of 4.44 and a beta of 0.18.

Winpak (TSE:WPK) last released its earnings results on Monday, April 22nd. The company reported C$0.74 earnings per share for the quarter. The firm had revenue of C$373.14 million for the quarter. Winpak had a net margin of 12.96% and a return on equity of 10.82%. As a group, sell-side analysts expect that Winpak Ltd. will post 3.364751 EPS for the current fiscal year.

Winpak Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, July 12th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date of this dividend was Wednesday, July 3rd. Winpak’s dividend payout ratio is presently 3.93%.

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.