Winpak (TSE:WPK) Sets New 1-Year High Following Analyst Upgrade

Winpak Ltd. (TSE:WPK) shares reached a new 52-week high during mid-day trading on Friday after National Bankshares raised their price target on the stock from C$47.00 to C$48.00. National Bankshares currently has an outperform rating on the stock. Winpak traded as high as C$47.28 and last traded at C$47.24, with a volume of 109087 shares changing hands. The stock had previously closed at C$45.30.

Winpak Trading Up 4.3%

The company has a 50 day moving average price of C$44.57 and a 200 day moving average price of C$42.94. The company has a market capitalization of C$2.86 billion, a P/E ratio of 21.18, a P/E/G ratio of 4.44 and a beta of 0.31.

Winpak (TSE:WPK) last announced its quarterly earnings results on Wednesday, October 22nd. The company reported C$60.00 earnings per share (EPS) for the quarter. Winpak had a return on equity of 10.82% and a net margin of 13.17%.The business had revenue of C$394.42 million during the quarter. As a group, sell-side analysts forecast that Winpak Ltd. will post 3.5432473 EPS for the current fiscal year.

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.