Winpak (TSE:WPK – Free Report) had its price objective lifted by CIBC from C$45.00 to C$49.00 in a research report released on Wednesday, BayStreet.CA reports. The firm currently has a neutral rating on the stock.
Separately, BMO Capital Markets upped their target price on Winpak from C$45.00 to C$46.00 and gave the stock a market perform rating in a report on Thursday, February 29th.
Check Out Our Latest Report on Winpak
Winpak Price Performance
Winpak (TSE:WPK – Get Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The company reported C$0.74 earnings per share for the quarter, topping the consensus estimate of C$0.71 by C$0.03. Winpak had a return on equity of 11.26% and a net margin of 12.98%. The business had revenue of C$375.29 million during the quarter, compared to the consensus estimate of C$384.56 million. On average, sell-side analysts forecast that Winpak will post 3.1780822 EPS for the current fiscal year.
Winpak Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Wednesday, July 3rd will be issued a $0.03 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $0.12 dividend on an annualized basis and a yield of 0.27%. Winpak’s payout ratio is presently 3.87%.
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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