Winpak (TSE:WPK – Free Report) had its price objective lifted by BMO Capital Markets from C$50.00 to C$52.00 in a research report report published on Friday morning, BayStreet.CA reports.
A number of other equities analysts have also recently weighed in on WPK. CIBC upped their price target on Winpak from C$49.00 to C$51.00 in a report on Friday, July 26th. National Bankshares set a C$55.00 price target on Winpak and gave the company an “outperform” rating in a research report on Thursday, September 26th. Finally, National Bank Financial raised Winpak to a “strong-buy” rating in a research report on Wednesday, September 25th.
View Our Latest Stock Report on WPK
Winpak Price Performance
Winpak (TSE:WPK – Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The company reported C$0.83 earnings per share (EPS) for the quarter. Winpak had a return on equity of 10.62% and a net margin of 12.90%. The business had revenue of C$387.89 million during the quarter. Analysts forecast that Winpak will post 3.5432473 EPS for the current fiscal year.
Winpak Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, October 11th were issued a $0.05 dividend. This is a positive change from Winpak’s previous quarterly dividend of $0.03. This represents a $0.20 annualized dividend and a yield of 0.40%. The ex-dividend date was Tuesday, October 1st. Winpak’s payout ratio is 6.58%.
Winpak Company Profile
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.
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