Winpak (TSE:WPK) Hits New 52-Week High – What’s Next?

Winpak Ltd. (TSE:WPK) shares hit a new 52-week high on Friday . The company traded as high as C$50.55 and last traded at C$50.55, with a volume of 56465 shares trading hands. The stock had previously closed at C$49.47.

Analysts Set New Price Targets

Separately, National Bank Financial increased their price objective on shares of Winpak from C$47.00 to C$48.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$50.00.

Winpak Price Performance

The company has a market capitalization of C$3.07 billion, a PE ratio of 22.73, a price-to-earnings-growth ratio of 4.44 and a beta of 0.31. The stock’s 50 day simple moving average is C$45.24 and its 200-day simple moving average is C$43.20.

Winpak (TSE:WPK) last posted its quarterly earnings data on Wednesday, October 22nd. The company reported C$60.00 EPS for the quarter. Winpak had a net margin of 13.17% and a return on equity of 10.82%. The business had revenue of C$394.42 million during the quarter. On average, equities analysts predict that Winpak Ltd. will post 3.5432473 earnings per share for the current 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.