Winpak (TSE:WPK) Sets New 52-Week High – Should You Buy?

Winpak Ltd. (TSE:WPK) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$50.47 and last traded at C$50.29, with a volume of 63607 shares trading hands. The stock had previously closed at C$50.12.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. BMO Capital Markets upped their price target on shares of Winpak from C$50.00 to C$52.00 in a research report on Friday, October 25th. CIBC boosted their target price on shares of Winpak from C$53.00 to C$54.00 in a research report on Monday, October 28th. National Bank Financial raised Winpak to a “strong-buy” rating in a research note on Wednesday, September 25th. Finally, National Bankshares set a C$55.00 target price on shares of Winpak and gave the company an “outperform” rating in a report on Thursday, September 26th.

Winpak Stock Down 1.1 %

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 stock has a fifty day moving average price of C$46.98 and a two-hundred day moving average price of C$45.60. The firm has a market capitalization of C$3.12 billion, a P/E ratio of 16.45, a P/E/G ratio of 4.44 and a beta of 0.21.

Winpak Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, October 11th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.40%. This is an increase from Winpak’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, October 1st. Winpak’s dividend payout ratio is 6.58%.

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.