Winpak (TSE:WPK) Shares Cross Above 200 Day Moving Average - Here's Why

Key Points

• Winpak shares crossed above its 200-day moving average, trading as high as C$45.40 and last at C$44.69 on a volume of 27,786 shares.
• Analysts hold a consensus "Hold" rating with an average target of C$51, after mixed recent moves (CIBC downgraded to Hold and trimmed its target to C$52 while BMO and National Bank nudged targets to C$52 and C$49).
• Recent quarter showed C$0.82 EPS on C$389.37M revenue; the company has a C$2.62B market cap, P/E ~19.9 and strong liquidity, and pays a small quarterly dividend of C$0.05 (annualized yield ~0.4%, ex-div April 1).

Shares of Winpak Ltd. (TSE:WPK - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$44.57 and traded as high as C$45.40. Winpak shares last traded at C$44.69, with a volume of 27,786 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Canadian Imperial Bank of Commerce cut shares of Winpak from an "outperform" rating to a "hold" rating and lowered their price target for the stock from C$53.00 to C$52.00 in a research report on Tuesday, February 24th. National Bank Financial upped their price target on shares of Winpak from C$48.00 to C$49.00 and gave the stock a "sector perform" rating in a research report on Wednesday, February 25th. Finally, BMO Capital Markets upped their price target on shares of Winpak from C$47.00 to C$52.00 and gave the stock a "market perform" rating in a research report on Tuesday, February 24th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of C$51.00.

Winpak Price Performance

The firm's 50-day moving average price is C$46.72 and its two-hundred day moving average price is C$44.57. The stock has a market cap of C$2.62 billion, a PE ratio of 19.86, a PEG ratio of 4.44 and a beta of 0.59. The company has a current ratio of 6.34, a quick ratio of 4.69 and a debt-to-equity ratio of 1.06.

Winpak (TSE:WPK - Get Free Report) last announced its quarterly earnings results on Tuesday, February 24th. The company reported C$0.82 earnings per share for the quarter. Winpak had a net margin of 12.20% and a return on equity of 10.69%. The firm had revenue of C$389.37 million during the quarter. On average, equities analysts expect that Winpak Ltd. will post 3.5432473 earnings per share for the current fiscal year.

Winpak Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, April 10th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $0.20 dividend on an annualized basis and a yield of 0.4%. Winpak's dividend payout ratio is presently 6.40%.

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.

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