Winpak (TSE:WPK) Stock Passes Above Fifty Day Moving Average – Should You Sell?

Shares of Winpak Ltd. (TSE:WPK) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$41.19 and traded as high as C$42.21. Winpak shares last traded at C$41.91, with a volume of 129,499 shares traded.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on WPK shares. National Bank Financial upped their price objective on Winpak from C$48.00 to C$49.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 25th. Canadian Imperial Bank of Commerce lowered shares of Winpak from an “outperform” rating to a “hold” rating and cut their target price for the company from C$53.00 to C$52.00 in a report on Tuesday, February 24th. Finally, BMO Capital Markets boosted their price target on shares of Winpak from C$47.00 to C$52.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 24th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Winpak presently has a consensus rating of “Hold” and an average target price of C$51.00.

Winpak Stock Performance

The company’s fifty day moving average price is C$41.19 and its 200-day moving average price is C$44.17. The stock has a market cap of C$2.46 billion, a P/E ratio of 18.88, a price-to-earnings-growth ratio of 4.44 and a beta of 0.47.

Winpak (TSE:WPK) last issued its quarterly earnings results on Wednesday, April 29th. The company reported C$0.74 earnings per share (EPS) for the quarter. The firm had revenue of C$389.30 million during the quarter. Winpak had a return on equity of 10.32% and a net margin of 11.93%. Analysts anticipate that Winpak Ltd. will post 3.5432473 earnings per share for the current fiscal year.

Winpak Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Friday, April 10th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.5%. The ex-dividend date was Wednesday, April 1st. Winpak’s dividend payout ratio (DPR) is presently 6.53%.

Insider Buying and Selling at Winpak

In other Winpak news, insider Scott Mckenzie Taylor purchased 1,650 shares of Winpak stock in a transaction dated Monday, May 4th. The stock was acquired at an average price of C$40.36 per share, for a total transaction of C$66,594.00. Following the acquisition, the insider owned 4,400 shares in the company, valued at C$177,584. This trade represents a 60.00% increase in their position. 57.46% of the stock is owned by insiders.

About Winpak

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.