Winpak Ltd. (TSE:WPK – Get Free Report) shares crossed 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 changing hands.
Analyst Upgrades and Downgrades
Separately, National Bank Financial raised their price target on shares of Winpak from C$50.00 to C$52.00 and gave the stock a “sector perform” rating in a report on Friday, October 23rd. Three analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$52.00.
Check Out Our Latest Research Report on Winpak
Winpak Trading Down 1.1%
The company has a market capitalization of C$2.59 billion, a PE ratio of 19.18, a PEG ratio of 4.44 and a beta of 0.46. The business has a fifty day moving average of C$43.76 and a 200 day moving average of C$43.99.
Winpak (TSE:WPK – Get Free Report) last issued its quarterly earnings results on Thursday, October 22nd. The company reported C$0.85 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 prior year, the business earned $0.60 EPS. Equities analysts forecast that Winpak Ltd. will post 3.54 EPS for the current fiscal year.
Winpak Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Friday, October 9th were issued a dividend of $0.05 per share. The ex-dividend date was Thursday, October 1st. This represents a $0.20 annualized dividend and a yield of 0.5%. Winpak’s dividend payout ratio is 6.21%.
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.
Further Reading
- Five stocks we like better than Winpak
- Amazon’s Record Margins Couldn’t Stop the Sell-Off—Here’s Why
- DoorDash’s $17 Billion Bet on Instacart Faces a Long Regulatory Road Ahead
- FTC Puts A Wrinkle In the Cintas and UniFirst Merger
- Breaching the Valuation: The Real Reason Fortinet Dropped
Receive News & Ratings for Winpak Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Winpak and related companies with MarketBeat.com's FREE daily email newsletter.
