Winpak (TSE:WPK) Upgraded to Strong-Buy by National Bank Financial

National Bank Financial upgraded shares of Winpak (TSE:WPK) to a strong-buy rating in a research report report published on Wednesday, Zacks.com reports.

Other equities analysts have also issued research reports about the company. National Bankshares set a C$55.00 target price on Winpak and gave the stock an outperform rating in a research note on Thursday. CIBC lifted their target price on Winpak from C$49.00 to C$51.00 in a report on Friday, July 26th. Finally, BMO Capital Markets upped their target price on Winpak from C$46.00 to C$50.00 in a research report on Friday, July 26th.

Winpak Price Performance

Shares of TSE WPK opened at C$46.60 on Wednesday. Winpak has a fifty-two week low of C$36.95 and a fifty-two week high of C$48.74. The company has a debt-to-equity ratio of 0.82, a quick ratio of 4.69 and a current ratio of 8.95. The company has a market cap of C$2.94 billion, a PE ratio of 15.59, a P/E/G ratio of 4.44 and a beta of 0.20. The business has a 50-day simple moving average of C$45.74 and a two-hundred day simple moving average of C$43.95.

Winpak (TSE:WPK) last released its earnings results on Thursday, July 25th. The company reported C$0.83 earnings per share for the quarter. The company had revenue of C$387.89 million for the quarter. Winpak had a net margin of 12.90% and a return on equity of 10.62%. As a group, equities analysts expect that Winpak will post 3.5143288 EPS for the current fiscal year.

Winpak Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, October 11th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.43%. The ex-dividend date is Tuesday, October 1st. This is a boost from Winpak’s previous quarterly dividend of $0.03. Winpak’s payout ratio is 6.69%.

About Winpak

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.