National Bank Financial Issues Positive Forecast for Winpak (TSE:WPK) Stock Price

Winpak (TSE:WPK) had its target price increased by stock analysts at National Bank Financial from C$49.00 to C$50.00 in a research note issued to investors on Tuesday, BayStreet reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 11.56% from the stock’s previous close.

Winpak Trading Up 3.1%

TSE WPK traded up C$1.35 on Tuesday, reaching C$44.82. The stock had a trading volume of 15,324 shares, compared to its average volume of 73,325. The business has a 50 day moving average price of C$43.73 and a 200 day moving average price of C$43.02. Winpak has a 1 year low of C$38.95 and a 1 year high of C$52.24. The company has a market capitalization of C$2.63 billion, a price-to-earnings ratio of 19.49, a P/E/G ratio of 4.44 and a beta of 0.46.

Winpak (TSE:WPK) last issued its earnings results on Thursday, July 23rd. The company reported C$0.81 earnings per share for the quarter. Winpak had a return on equity of 10.41% and a net margin of 12.01%. The company had revenue of C$417.85 million for the quarter. On average, analysts anticipate that Winpak will post 3.54 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.