Winpak (TSE:WPK) Stock Passes Below 200-Day Moving Average – What’s Next?

Winpak Ltd. (TSE:WPK) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$44.28 and traded as low as C$40.65. Winpak shares last traded at C$40.91, with a volume of 49,040 shares trading hands.

Wall Street Analyst Weigh In

WPK has been the topic of a number of recent research reports. National Bank Financial lifted their price objective on shares of Winpak from C$48.00 to C$49.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 25th. Canadian Imperial Bank of Commerce lowered shares of Winpak from an “outperform” rating to a “hold” rating and dropped their price objective for the company from C$53.00 to C$52.00 in a research note on Tuesday, February 24th. Finally, BMO Capital Markets lifted their price objective on shares of Winpak from C$47.00 to C$52.00 and gave the company a “market perform” rating in a research note on Tuesday, February 24th. Three analysts have rated the stock with a Hold rating, According to MarketBeat, Winpak has a consensus rating of “Hold” and a consensus target price of C$51.00.

Winpak Price Performance

The business’s 50 day moving average price is C$41.61 and its 200-day moving average price is C$44.28. The firm has a market capitalization of C$2.40 billion, a price-to-earnings ratio of 18.43, a price-to-earnings-growth ratio of 4.44 and a beta of 0.47.

Winpak (TSE:WPK) last issued its quarterly earnings results on Wednesday, April 29th. The company reported C$0.74 earnings per share (EPS) for the quarter. Winpak had a net margin of 11.93% and a return on equity of 10.32%. The business had revenue of C$389.30 million for the quarter. As a group, analysts expect 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 paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Wednesday, April 1st. Winpak’s payout ratio is 6.53%.

Insider Activity

In other news, insider Scott Mckenzie Taylor purchased 1,650 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were 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 purchase, the insider directly owned 4,400 shares in the company, valued at C$177,584. The trade was 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.