Winpak (TSE:WPK) Shares Break Below 200-Day Moving Average – Here’s Why

Winpak Ltd. (TSE:WPK – Get Free Report)’s stock price passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$44.00 and traded as low as C$43.53. Winpak shares last traded at C$43.97, with a volume of 38,872 shares trading hands.

Analysts Set New Price Targets

Separately, National Bank Financial increased their price objective on shares of Winpak from C$50.00 to C$52.00 and gave the company a “sector perform” rating in a research report on Friday, October 23rd. Three equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of C$52.00.

View Our Latest Research Report on WPK

Winpak Stock Down 0.9%

The company has a market cap of C$2.58 billion, a price-to-earnings ratio of 19.12, a P/E/G ratio of 4.44 and a beta of 0.46. The stock has a fifty day moving average price of C$43.78 and a two-hundred day moving average price of C$44.00.

Winpak (TSE:WPK – Get Free Report) last announced its earnings results on Thursday, October 22nd. The company reported C$0.85 earnings per share (EPS) for the quarter. Winpak had a net margin of 11.61% and a return on equity of 10.23%. The company had revenue of C$442.31 million during the quarter. During the same period in the previous year, the firm posted $0.60 EPS. Analysts predict that Winpak Ltd. will post 3.54 earnings per share for the current fiscal year.

Winpak Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Friday, October 9th were paid a $0.05 dividend. The ex-dividend date was Thursday, October 1st. This represents a $0.20 annualized dividend and a yield of 0.5%. Winpak’s payout ratio is 6.21%.

Winpak Company Profile

(Get Free Report)

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.

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