Shares of Winpak Ltd. (TSE:WPK – Get Free Report) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$44.51 and traded as low as C$40.46. Winpak shares last traded at C$40.70, with a volume of 36,422 shares trading hands.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on WPK shares. BMO Capital Markets increased their price objective on Winpak from C$47.00 to C$52.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 24th. Canadian Imperial Bank of Commerce cut Winpak from an “outperform” rating to a “hold” rating and lowered their target price for the company from C$53.00 to C$52.00 in a research note on Tuesday, February 24th. Finally, National Bank Financial increased their price target on shares of Winpak from C$48.00 to C$49.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 25th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Winpak presently has an average rating of “Hold” and a consensus price target of C$51.00.
Read Our Latest Stock Report on Winpak
Winpak Stock Down 0.1%
Winpak (TSE:WPK – Get Free Report) last issued its earnings results on Wednesday, April 29th. The company reported C$0.74 earnings per share for the quarter. Winpak had a return on equity of 10.32% and a net margin of 11.93%.The company had revenue of C$389.30 million for the quarter. Equities analysts anticipate that Winpak Ltd. will post 3.5432473 earnings per share for the current year.
Winpak Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Friday, April 10th were paid a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a $0.20 annualized dividend and a dividend yield of 0.5%. Winpak’s payout ratio is presently 6.53%.
Insider Activity at Winpak
In other news, insider Scott Mckenzie Taylor purchased 1,650 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was acquired at an average price of C$40.36 per share, with a total value of C$66,594.00. Following the purchase, the insider owned 4,400 shares in the company, valued at C$177,584. This represents a 60.00% increase in their position. Insiders own 57.46% of the company’s stock.
Winpak Company Profile
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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