Winpak (TSE:WPK) Reaches New 1-Year High – Time to Buy?

Winpak Ltd. (TSE:WPK)’s share price reached a new 52-week high during trading on Monday . The company traded as high as C$50.64 and last traded at C$50.62, with a volume of 39381 shares. The stock had previously closed at C$49.39.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. National Bank Financial upgraded shares of Winpak to a “strong-buy” rating in a research note on Wednesday, September 25th. National Bankshares set a C$55.00 price objective on shares of Winpak and gave the company an “outperform” rating in a research note on Thursday, September 26th. BMO Capital Markets lifted their target price on shares of Winpak from C$50.00 to C$52.00 in a research report on Friday, October 25th. Finally, CIBC raised their price target on shares of Winpak from C$53.00 to C$54.00 in a research note on Monday, October 28th.

Winpak Trading Up 0.4 %

The firm has a market cap of C$3.02 billion, a P/E ratio of 15.76, a price-to-earnings-growth ratio of 4.44 and a beta of 0.21. The company has a current ratio of 8.95, a quick ratio of 4.69 and a debt-to-equity ratio of 0.82. The company’s fifty day moving average price is C$47.72 and its two-hundred day moving average price is C$45.93.

Winpak Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, October 11th were issued a dividend of $0.05 per share. This is a positive change from Winpak’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $0.20 annualized dividend and a dividend yield of 0.42%. Winpak’s dividend payout ratio (DPR) is presently 6.58%.

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.