CIBC Increases Winpak (TSE:WPK) Price Target to C$49.00

Winpak (TSE:WPK) had its price target raised by investment analysts at CIBC from C$45.00 to C$49.00 in a research note issued on Wednesday, BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. CIBC’s price objective would indicate a potential upside of 9.67% from the company’s current price.

Separately, BMO Capital Markets lifted their price target on Winpak from C$45.00 to C$46.00 and gave the stock a “market perform” rating in a research note on Thursday, February 29th.

Winpak Stock Down 1.6 %

Shares of WPK opened at C$44.68 on Wednesday. The company has a current ratio of 10.47, a quick ratio of 4.69 and a debt-to-equity ratio of 1.00. Winpak has a 12 month low of C$36.95 and a 12 month high of C$46.74. The stock’s 50 day moving average is C$40.96 and its two-hundred day moving average is C$40.47. The firm has a market cap of C$2.90 billion, a P/E ratio of 14.41, a PEG ratio of 4.44 and a beta of 0.19.

Winpak (TSE:WPK) last issued its quarterly earnings data on Wednesday, February 28th. The company reported C$0.74 EPS for the quarter, beating the consensus estimate of C$0.71 by C$0.03. Winpak had a return on equity of 11.26% and a net margin of 12.98%. The company had revenue of C$375.29 million for the quarter, compared to analyst estimates of C$384.56 million. Analysts predict that Winpak will post 3.1780822 earnings per share for the current fiscal year.

About Winpak

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.