Winpak (TSE:WPK) Share Price Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• Winpak shares recently crossed above its 200-day moving average (200‑day = C$44.21), trading as high as C$44.74 and last at C$44.60 on volume of 107,613 shares.
• Analyst consensus is a Hold with an average target of C$51.00; recent moves included CIBC downgrading to Hold (target C$52), BMO raising its target to C$52 (market perform), and National Bank lifting its target to C$49 (sector perform).
• Fundamentals show a market cap of C$2.62 billion, P/E ~19.8 and PEG 4.44, with strong liquidity (quick ratio 4.69, current ratio 6.34) and moderate leverage (debt‑to‑equity 1.06).

Winpak Ltd. (TSE:WPK - Get Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$44.21 and traded as high as C$44.74. Winpak shares last traded at C$44.60, with a volume of 107,613 shares traded.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Canadian Imperial Bank of Commerce downgraded Winpak from an "outperform" rating to a "hold" rating and dropped their price target for the company from C$53.00 to C$52.00 in a research note on Tuesday, February 24th. BMO Capital Markets increased their price objective on shares of Winpak from C$47.00 to C$52.00 and gave the stock a "market perform" rating in a research note on Tuesday, February 24th. Finally, National Bank Financial boosted their target price on shares of Winpak from C$48.00 to C$49.00 and gave the company a "sector perform" rating in a research report on Wednesday, February 25th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Winpak currently has an average rating of "Hold" and an average target price of C$51.00.

Winpak Price Performance

The business has a 50 day simple moving average of C$46.64 and a two-hundred day simple moving average of C$44.21. The firm has a market capitalization of C$2.62 billion, a P/E ratio of 19.82, a price-to-earnings-growth ratio of 4.44 and a beta of 0.51. The company has a debt-to-equity ratio of 1.06, a quick ratio of 4.69 and a current ratio of 6.34.

About Winpak

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.

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