Winpak (TSE:WPK) Shares Cross Above 200-Day Moving Average – What’s Next?

Winpak Ltd. (TSE:WPK)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$42.88 and traded as high as C$43.84. Winpak shares last traded at C$43.36, with a volume of 31,597 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on WPK shares. National Bankshares lowered Winpak from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from C$52.00 to C$48.00 in a research report on Friday, July 25th. National Bank Financial lowered Winpak from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$50.00.

Winpak Stock Performance

The firm’s 50 day moving average price is C$41.90 and its two-hundred day moving average price is C$42.88. The firm has a market cap of C$2.63 billion, a PE ratio of 19.44, a PEG ratio of 4.44 and a beta of 0.34.

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

Winpak Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, October 10th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, October 1st. Winpak’s dividend payout ratio is 6.38%.

About Winpak

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.