Winpak (TSE:WPK) Stock Price Crosses Above Two Hundred Day Moving Average of $44.07

Shares of Winpak Ltd. (TSE:WPK) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $44.07 and traded as high as $47.55. Winpak shares last traded at $46.95, with a volume of 41,969 shares trading hands.

Several equities research analysts recently issued reports on WPK shares. TD Securities boosted their price target on Winpak from C$45.00 to C$48.00 and gave the company a “hold” rating in a research note on Wednesday, May 6th. Scotiabank boosted their price target on Winpak from C$51.00 to C$53.00 in a research note on Wednesday, May 6th. BMO Capital Markets cut their price target on Winpak from C$47.00 to C$46.00 in a research note on Wednesday, May 6th. Royal Bank of Canada upped their target price on Winpak from C$44.00 to C$45.00 and gave the stock a “sector perform” rating in a research note on Friday, July 24th. Finally, CIBC upped their target price on Winpak from C$43.00 to C$45.00 in a research note on Friday, July 24th.

The firm has a 50 day simple moving average of C$42.05 and a two-hundred day simple moving average of C$44.07. The company has a quick ratio of 9.19, a current ratio of 11.34 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $3.05 billion and a P/E ratio of 27.86.

Winpak (TSE:WPK) last released its earnings results on Tuesday, May 5th. The company reported C$0.48 earnings per share for the quarter. The business had revenue of C$286.74 million for the quarter. On average, research analysts predict that Winpak Ltd. will post 1.64 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, July 9th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend was Tuesday, June 30th. Winpak’s payout ratio is 5.27%.

Winpak Company Profile (TSE:WPK)

Winpak Ltd. manufactures and distributes packaging materials and related packaging machines in the United States, Canada, and internationally. The company operates through three segments: Rigid Packaging and Flexible Lidding, Flexible Packaging, and Packaging Machinery. The company offers medical packaging products, including thermoforming films, pre-made cups, lidding films, die-cut lids, pouches, central supply room wraps and draping films, and packaging machinery; pharmaceutical packaging products, such as blister foils, pouch stock products, child-resistant blister lidding products, and cold form laminates; and laminations for pouches and lidding applications for personal care products, such as cosmetics, skin creams, and shampoos.

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