National Bankshares set a C$55.00 price objective 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.
A number of other brokerages have also recently commented on WPK. BMO Capital Markets increased their price target on shares of Winpak from C$46.00 to C$50.00 in a research report on Friday, July 26th. CIBC raised their price objective on Winpak from C$49.00 to C$51.00 in a research note on Friday, July 26th.
Read Our Latest Stock Report on WPK
Winpak Stock Up 1.3 %
Winpak (TSE:WPK – Get Free Report) last issued 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 firm had revenue of C$387.89 million for the quarter. Sell-side analysts predict that Winpak will post 3.5700713 EPS for the current fiscal year.
Winpak Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Tuesday, October 1st will be given a $0.05 dividend. This is a positive change from Winpak’s previous quarterly dividend of $0.03. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date is Tuesday, October 1st. Winpak’s dividend payout ratio (DPR) is currently 6.62%.
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.
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