Winpak (TSE:WPK) Reaches New 52-Week High – Here’s What Happened

Winpak Ltd. (TSE:WPK)’s share price reached a new 52-week high during trading on Friday . The company traded as high as C$50.55 and last traded at C$50.55, with a volume of 56465 shares. The stock had previously closed at C$49.47.

Wall Street Analyst Weigh In

Separately, National Bank Financial boosted their target price on shares of Winpak from C$47.00 to C$48.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$50.00.

Winpak Price Performance

The business’s fifty day moving average price is C$45.09 and its 200-day moving average price is C$43.11. The stock has a market capitalization of C$3.05 billion, a PE ratio of 22.57, a P/E/G ratio of 4.44 and a beta of 0.31.

Winpak (TSE:WPK) last issued its quarterly earnings data on Wednesday, October 22nd. The company reported C$60.00 EPS for the quarter. The company had revenue of C$394.42 million during the quarter. Winpak had a return on equity of 10.82% and a net margin of 13.17%. On average, analysts expect that Winpak Ltd. will post 3.5432473 earnings per share for the current fiscal year.

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.