Key Points
- Insider buy: Scott Mckenzie Taylor purchased 1,650 shares of Winpak at C$40.36 each, a C$66,594 transaction that increased his direct holdings by 60% to 4,400 shares.
- Recent results: Winpak reported quarterly EPS of C$0.74 on revenue of C$389.3 million, with a net margin of 11.93% and return on equity of 10.32%.
- Analyst outlook: Wall Street has a consensus Hold rating on Winpak, with an average price target of C$51.00 after several firms revised targets in the mid-C$40s to low-C$50s range.
Winpak Ltd. (TSE:WPK - Get Free Report) insider Scott Mckenzie Taylor bought 1,650 shares of the firm's stock in a transaction dated Monday, May 4th. The shares were purchased at an average price of C$40.36 per share, with a total value of C$66,594.00. Following the acquisition, the insider directly owned 4,400 shares in the company, valued at approximately C$177,584. This trade represents a 60.00% increase in their position.
Winpak Stock Performance
TSE WPK opened at C$40.60 on Tuesday. Winpak Ltd. has a one year low of C$38.95 and a one year high of C$52.24. The company's 50 day moving average price is C$44.28 and its 200 day moving average price is C$44.74. The firm has a market capitalization of C$2.38 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 4.44 and a beta of 0.57.
Winpak (TSE:WPK - Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The company reported C$0.74 earnings per share (EPS) for the quarter. Winpak had a net margin of 11.93% and a return on equity of 10.32%. The company had revenue of C$389.30 million during the quarter. Sell-side analysts forecast that Winpak Ltd. will post 3.5432473 EPS for the current fiscal year.
Winpak Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Friday, April 10th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, April 1st. Winpak's dividend payout ratio is 6.53%.
Wall Street Analysts Forecast Growth
WPK has been the topic of several research reports. National Bank Financial raised their price objective on Winpak from C$48.00 to C$49.00 and gave the company a "sector perform" rating in a research report on Wednesday, February 25th. Canadian Imperial Bank of Commerce lowered Winpak from an "outperform" rating to a "hold" rating and lowered their target price for the company from C$53.00 to C$52.00 in a research note on Tuesday, February 24th. Finally, BMO Capital Markets raised their target price on Winpak from C$47.00 to C$52.00 and gave the company a "market perform" rating in a report on Tuesday, February 24th. Three analysts have rated the stock with a Hold rating, According to MarketBeat, Winpak has a consensus rating of "Hold" and an average price target of C$51.00.
Read Our Latest Research Report on WPK
About Winpak
(
Get Free Report)
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.
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