BMO Capital Markets Raises Winpak (TSE:WPK) Price Target to C$50.00

Winpak (TSE:WPK) had its price objective upped by BMO Capital Markets from C$46.00 to C$50.00 in a report issued on Friday morning, BayStreet.CA reports.

Separately, CIBC lifted their price target on Winpak from C$49.00 to C$51.00 in a research note on Friday.

Winpak Price Performance

WPK stock opened at C$47.47 on Friday. The company has a market capitalization of C$3.08 billion, a P/E ratio of 15.56, a price-to-earnings-growth ratio of 4.44 and a beta of 0.18. The company has a debt-to-equity ratio of 0.88, a quick ratio of 4.69 and a current ratio of 8.10. Winpak has a 52-week low of C$36.95 and a 52-week high of C$48.74. The business has a 50-day simple moving average of C$44.42 and a two-hundred day simple moving average of C$42.83.

Winpak Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, July 12th were paid a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.25%. Winpak’s payout ratio is presently 3.93%.

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.