Winpak (TSE:WPK – Get Free Report) had its target price raised by BMO Capital Markets from C$50.00 to C$52.00 in a note issued to investors on Friday, BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 7.04% from the stock’s previous close.
Several other equities analysts have also recently commented on the stock. CIBC lifted their target price on shares of Winpak from C$49.00 to C$51.00 in a research report on Friday, July 26th. National Bankshares set a C$55.00 price objective on Winpak and gave the company an “outperform” rating in a research note on Thursday, September 26th. Finally, National Bank Financial upgraded Winpak to a “strong-buy” rating in a research note on Wednesday, September 25th.
View Our Latest Research Report on Winpak
Winpak Stock Up 2.7 %
Winpak (TSE:WPK – Get Free Report) last issued its quarterly earnings data on Thursday, July 25th. The company reported C$0.83 EPS for the quarter. Winpak had a return on equity of 10.62% and a net margin of 12.90%. The firm had revenue of C$387.89 million during the quarter. On average, research analysts anticipate that Winpak will post 3.5432473 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.
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