Winpak (TSE:WPK) Stock Price Expected to Rise, National Bank Financial Analyst Says

Winpak (TSE:WPK) had its target price hoisted by research analysts at National Bank Financial from C$50.00 to C$52.00 in a report issued on Friday, BayStreet reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial‘s price target would indicate a potential upside of 19.13% from the stock’s previous close.

Winpak Trading Up 0.3%

Shares of TSE:WPK traded up C$0.12 during midday trading on Friday, hitting C$43.65. The company had a trading volume of 28,053 shares, compared to its average volume of 72,074. Winpak has a 12 month low of C$38.95 and a 12 month high of C$52.24. The stock has a market cap of C$2.56 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 4.44 and a beta of 0.46. The firm has a fifty day simple moving average of C$43.82 and a 200 day simple moving average of C$42.98.

Winpak (TSE:WPK) last announced its quarterly earnings data on Thursday, October 22nd. The company reported C$0.85 EPS for the quarter. The business had revenue of C$442.31 million during the quarter. Winpak had a return on equity of 10.41% and a net margin of 12.01%. During the same period last year, the firm earned $0.60 earnings per share. Equities analysts forecast that Winpak will post 3.54 EPS for the current fiscal year.

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.