Winpak (TSE:WPK) Stock Crosses Below 200-Day Moving Average – Here’s Why

Winpak Ltd. (TSE:WPK)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$44.51 and traded as low as C$40.46. Winpak shares last traded at C$40.70, with a volume of 36,422 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. BMO Capital Markets raised their target price on shares of Winpak from C$47.00 to C$52.00 and gave the company a “market perform” rating in a report on Tuesday, February 24th. Canadian Imperial Bank of Commerce downgraded shares of Winpak from an “outperform” rating to a “hold” rating and dropped their target price for the company from C$53.00 to C$52.00 in a report on Tuesday, February 24th. Finally, National Bank Financial raised their target price on shares of Winpak from C$48.00 to C$49.00 and gave the company a “sector perform” rating in a report on Wednesday, February 25th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$51.00.

Winpak Stock Down 0.2%

The firm has a market capitalization of C$2.39 billion, a PE ratio of 18.33, a P/E/G ratio of 4.44 and a beta of 0.57. The business’s fifty day moving average price is C$42.73 and its 200 day moving average price is C$44.51.

Winpak (TSE:WPK) last issued its quarterly earnings results on Wednesday, April 29th. The company reported C$0.74 EPS for the quarter. The business had revenue of C$389.30 million during the quarter. Winpak had a net margin of 11.93% and a return on equity of 10.32%. As a group, sell-side analysts forecast that Winpak Ltd. will post 3.5432473 earnings per share for the current fiscal year.

Winpak Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, April 10th were issued a dividend of $0.05 per share. The ex-dividend date was Wednesday, April 1st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.5%. Winpak’s payout ratio is 6.53%.

Insider Activity at Winpak

In other news, insider Scott Mckenzie Taylor purchased 1,650 shares of the stock in a transaction dated Monday, May 4th. The stock was acquired at an average cost of C$40.36 per share, for a total transaction of C$66,594.00. Following the completion of the acquisition, the insider directly owned 4,400 shares in the company, valued at C$177,584. This represents a 60.00% increase in their position. 57.46% of the stock is currently owned by company insiders.

Winpak Company Profile

Winpak’s vision is to provide the best packaging solutions for people and planet. Winpak manufactures and distributes high-quality packaging materials and innovative packaging machines, primarily used for the protection of perishable foods, beverages, pharmaceuticals, medical and personal care. Winpak specializes in three main streams of packaging – Flexible Packaging, Rigid Packaging & Lidding, and Packaging Machinery. The Company is closely aligned with Wipak, one of Europe’s leading manufacturers of packaging materials.