National Bankshares set a C$55.00 price target on Winpak (TSE:WPK – Free Report) in a research report report published on Thursday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.
Several other research analysts have also commented on the stock. CIBC increased their price target on shares of Winpak from C$49.00 to C$51.00 in a research note on Friday, July 26th. BMO Capital Markets increased their target price on shares of Winpak from C$46.00 to C$50.00 in a research report on Friday, July 26th.
Check Out Our Latest Stock Report on Winpak
Winpak Stock Up 1.4 %
Winpak (TSE:WPK – Get Free Report) last posted its quarterly earnings results on Thursday, July 25th. The company reported C$0.83 EPS for the quarter. Winpak had a net margin of 12.90% and a return on equity of 10.62%. The business had revenue of C$387.89 million during the quarter. As a group, research analysts expect that Winpak will post 3.5143288 earnings per share for the current year.
Winpak Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, October 11th will be given a dividend of $0.05 per share. This is an increase from Winpak’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $0.20 annualized dividend and a yield of 0.43%. Winpak’s dividend payout ratio is 6.69%.
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.
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