Winpak (TSE:WPK) Given New C$49.00 Price Target at CIBC

Winpak (TSE:WPK - Get Free Report) had its target price lifted by CIBC from C$45.00 to C$49.00 in a report released on Wednesday, BayStreet.CA reports. The brokerage currently has a "neutral" rating on the stock. CIBC's price objective suggests a potential upside of 7.95% from the company's previous close.

Separately, BMO Capital Markets upped their target price on Winpak from C$45.00 to C$46.00 and gave the company a "market perform" rating in a research report on Thursday, February 29th.

Winpak Stock Up 7.2 %

Shares of TSE:WPK traded up C$3.06 during trading hours on Wednesday, reaching C$45.39. The stock had a trading volume of 124,403 shares, compared to its average volume of 57,820. The stock has a market capitalization of C$2.95 billion, a price-to-earnings ratio of 14.64, a P/E/G ratio of 4.44 and a beta of 0.19. The firm's 50 day moving average is C$40.80 and its 200-day moving average is C$40.40. Winpak has a 1 year low of C$36.95 and a 1 year high of C$46.74. The company has a debt-to-equity ratio of 1.00, a quick ratio of 4.69 and a current ratio of 10.47.

Winpak (TSE:WPK - Get Free Report) last posted its earnings results on Wednesday, February 28th. The company reported C$0.74 EPS for the quarter, beating analysts' consensus estimates of C$0.71 by C$0.03. Winpak had a net margin of 12.98% and a return on equity of 11.26%. The firm had revenue of C$375.29 million for the quarter, compared to the consensus estimate of C$384.56 million. Research analysts predict that Winpak will post 3.1780822 earnings per share for the current fiscal year.

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.