Winpak (TSE:WPK) Price Target Raised to C$48.00 at National Bankshares

Winpak (TSE:WPK) had its target price upped by equities researchers at National Bankshares from C$47.00 to C$48.00 in a report issued on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ target price would indicate a potential upside of 5.96% from the company’s previous close.

Winpak Trading Up 0.1%

Winpak stock traded up C$0.03 on Thursday, reaching C$45.30. 36,868 shares of the stock were exchanged, compared to its average volume of 62,983. The firm has a fifty day moving average price of C$44.55 and a two-hundred day moving average price of C$42.92. The stock has a market cap of C$2.75 billion, a PE ratio of 20.31, a PEG ratio of 4.44 and a beta of 0.31. Winpak has a twelve month low of C$37.57 and a twelve month high of C$46.74.

Winpak (TSE:WPK) last announced its earnings results on Wednesday, October 22nd. The company reported C$60.00 earnings per share (EPS) for the quarter. The business had revenue of C$394.42 million during the quarter. Winpak had a net margin of 13.17% and a return on equity of 10.82%. Equities analysts anticipate that Winpak will post 3.5432473 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.