Winpak (TSE:WPK) Price Target Increased to C$51.00 by Analysts at CIBC

Winpak (TSE:WPK) had its price objective upped by CIBC from C$49.00 to C$51.00 in a research note issued to investors on Friday morning, BayStreet.CA reports.

Winpak Stock Performance

TSE WPK opened at C$47.47 on Friday. Winpak has a 1 year low of C$36.95 and a 1 year high of C$48.74. The company has a debt-to-equity ratio of 0.88, a current ratio of 8.10 and a quick ratio of 4.69. The stock has a market capitalization of C$3.08 billion, a PE ratio of 15.56, a P/E/G ratio of 4.44 and a beta of 0.18. The company’s 50 day simple moving average is C$44.42 and its two-hundred day simple moving average is C$42.83.

Winpak Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, July 12th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend was Wednesday, July 3rd. Winpak’s dividend payout ratio is presently 3.93%.

Winpak Company Profile

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.