Winpak (TSE:WPK – Get Free Report) had its target price hoisted by research analysts at National Bank Financial from C$50.00 to C$52.00 in a report released on Friday, BayStreet reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial‘s target price points to a potential upside of 19.13% from the stock’s current price.
Winpak Stock Performance
WPK traded up C$0.12 during mid-day trading on Friday, reaching C$43.65. The stock had a trading volume of 28,053 shares, compared to its average volume of 72,074. The firm’s fifty day simple moving average is C$43.82 and its two-hundred day simple moving average is C$42.98. The stock has a market capitalization of C$2.56 billion, a P/E ratio of 18.98, a P/E/G ratio of 4.44 and a beta of 0.46. Winpak has a 52 week low of C$38.95 and a 52 week high of C$52.24.
Winpak (TSE:WPK – Get Free Report) last released its earnings results on Thursday, October 22nd. The company reported C$0.85 earnings per share for the quarter. Winpak had a return on equity of 10.41% and a net margin of 12.01%. The company had revenue of C$442.31 million during the quarter. During the same quarter in the previous year, the firm earned $0.60 EPS. As a group, analysts expect that Winpak will post 3.54 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.
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