Winpak Ltd. (TSE:WPK - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$44.42 and traded as low as C$42.89. Winpak shares last traded at C$43.02, with a volume of 25,933 shares changing hands.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on the stock. CIBC raised their target price on shares of Winpak from C$50.00 to C$52.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. Cibc World Mkts raised Winpak from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd.
View Our Latest Analysis on WPK
Winpak Stock Performance
The firm's fifty day moving average price is C$40.13 and its 200 day moving average price is C$44.42. The firm has a market cap of C$1.89 billion, a P/E ratio of 12.96, a price-to-earnings-growth ratio of 4.44 and a beta of 0.21.
Winpak Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, April 11th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $0.20 dividend on an annualized basis and a yield of 0.46%. Winpak's dividend payout ratio is currently 6.03%.
Winpak Company Profile
(
Get Free Report)
Winpak Ltd manufactures and sells a variety of packaging materials and related packaging machines. The packaging materials are used primarily for perishable foods, beverages, and healthcare applications. It operates in three segments: flexible packaging, rigid packaging & flexible lidding, and packaging machinery.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Winpak, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Winpak wasn't on the list.
While Winpak currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
