Winpak (TSE:WPK) Lifted to “Strong-Buy” at National Bank Financial

National Bank Financial upgraded shares of Winpak (TSE:WPK) to a strong-buy rating in a report published on Wednesday, Zacks.com reports.

A number of other equities research analysts have also commented on WPK. National Bankshares set a C$55.00 target price on shares of Winpak and gave the stock an outperform rating in a research report on Thursday. CIBC lifted their price target on Winpak from C$49.00 to C$51.00 in a report on Friday, July 26th. Finally, BMO Capital Markets boosted their price objective on Winpak from C$46.00 to C$50.00 in a research report on Friday, July 26th.

Winpak Price Performance

WPK stock opened at C$46.60 on Wednesday. The company’s fifty day simple moving average is C$45.74 and its 200 day simple moving average is C$43.95. Winpak has a 12-month low of C$36.95 and a 12-month high of C$48.74. The company has a quick ratio of 4.69, a current ratio of 8.95 and a debt-to-equity ratio of 0.82. The firm has a market cap of C$2.94 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 4.44 and a beta of 0.20.

Winpak (TSE:WPK) last released its quarterly earnings data on Thursday, July 25th. The company reported C$0.83 earnings per share (EPS) for the quarter. Winpak had a net margin of 12.90% and a return on equity of 10.62%. The company had revenue of C$387.89 million for the quarter. On average, analysts expect that Winpak will post 3.5143288 earnings per share for the current year.

Winpak Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, October 11th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.43%. This is an increase from Winpak’s previous quarterly dividend of $0.03. The ex-dividend date is Tuesday, October 1st. Winpak’s dividend payout ratio (DPR) is presently 6.69%.

About Winpak

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.