National Bank Financial Issues Positive Forecast for Winpak (TSE:WPK) Stock Price

Winpak (TSE:WPK) had its price objective increased by research analysts at National Bank Financial from C$49.00 to C$50.00 in a research note issued on Tuesday, BayStreet reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s target price would suggest a potential upside of 11.56% from the company’s previous close.

Winpak Stock Performance

Shares of TSE:WPK traded up C$1.35 during mid-day trading on Tuesday, hitting C$44.82. The stock had a trading volume of 15,324 shares, compared to its average volume of 73,325. The company’s 50 day moving average is C$43.73 and its 200-day moving average is C$43.02. Winpak has a 12-month low of C$38.95 and a 12-month high of C$52.24. The company has a market cap of C$2.63 billion, a PE ratio of 19.49, a P/E/G ratio of 4.44 and a beta of 0.46.

Winpak (TSE:WPK) last issued its quarterly earnings results on Thursday, July 23rd. The company reported C$0.81 earnings per share for the quarter. Winpak had a return on equity of 10.41% and a net margin of 12.01%. The business had revenue of C$417.85 million for the quarter. On average, equities research analysts predict 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.