National Bankshares set a C$55.00 price objective on Winpak (TSE:WPK – Free Report) in a report published on Thursday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
A number of other analysts have also recently commented on the stock. BMO Capital Markets upped their price target on shares of Winpak from C$46.00 to C$50.00 in a research report on Friday, July 26th. CIBC upped their target price on Winpak from C$49.00 to C$51.00 in a report on Friday, July 26th.
Check Out Our Latest Research Report on WPK
Winpak Trading Up 1.4 %
Winpak (TSE:WPK – Get Free Report) last released its quarterly earnings data on Thursday, July 25th. The company reported C$0.83 earnings per share for the quarter. Winpak had a return on equity of 10.62% and a net margin of 12.90%. The business had revenue of C$387.89 million for the quarter. As a group, sell-side analysts anticipate that Winpak will post 3.5143288 earnings per share for the current year.
Winpak Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, October 11th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, October 1st. This is an increase from Winpak’s previous quarterly dividend of $0.03. This represents a $0.20 annualized dividend and a yield of 0.43%. Winpak’s payout ratio is currently 6.69%.
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.
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