Winpak (TSE:WPK – Free Report) had its price objective boosted by CIBC from C$45.00 to C$49.00 in a report issued on Wednesday, BayStreet.CA reports. CIBC currently has a neutral rating on the stock.
Separately, BMO Capital Markets lifted their price objective on shares of Winpak from C$45.00 to C$46.00 and gave the stock a market perform rating in a report on Thursday, February 29th.
Check Out Our Latest Stock Report on WPK
Winpak Stock Performance
Winpak (TSE:WPK – Get Free Report) last posted its earnings results on Wednesday, February 28th. The company reported C$0.74 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.71 by C$0.03. The company had revenue of C$375.29 million for the quarter, compared to analyst estimates of C$384.56 million. Winpak had a net margin of 12.98% and a return on equity of 11.26%. On average, analysts expect that Winpak will post 3.1780822 EPS for the current fiscal year.
Winpak Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, April 12th were given a $0.03 dividend. The ex-dividend date was Monday, April 1st. This represents a $0.12 annualized dividend and a yield of 0.26%. Winpak’s dividend payout ratio is currently 3.87%.
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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