Winpak Ltd. (WPK) PT Raised to C$58.00 at Raymond James Financial, Inc.

Winpak Ltd. (TSE:WPK) had its target price raised by Raymond James Financial, Inc. from C$56.00 to C$58.00 in a report published on Friday, July 21st. Raymond James Financial, Inc. currently has an outperform rating on the stock.

A number of other research firms have also weighed in on WPK. TD Securities lowered shares of Winpak from a buy rating to a hold rating and upped their price target for the stock from C$58.00 to C$61.00 in a research report on Monday, May 1st. Scotiabank upped their price target on shares of Winpak from C$55.00 to C$60.00 and gave the stock an outperform rating in a research report on Friday, April 28th. Finally, CIBC lowered shares of Winpak from an outperform rating to a neutral rating and set a C$60.00 price target for the company. in a research report on Tuesday, June 27th.

Shares of Winpak (TSE WPK) traded down 1.83% on Friday, reaching $52.50. 34,257 shares of the company’s stock traded hands. Winpak has a 52-week low of $42.47 and a 52-week high of $61.43. The firm’s 50-day moving average is $55.33 and its 200-day moving average is $54.71. The stock has a market cap of $3.41 billion and a price-to-earnings ratio of 31.91.

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The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Monday, October 2nd will be given a $0.03 dividend. This is a positive change from Winpak’s previous quarterly dividend of $0.02. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date is Friday, September 29th.

In related news, Director Timothy Lee Johnson sold 5,743 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of C$53.00, for a total transaction of C$304,379.00.

Winpak Company Profile

Winpak Ltd. manufactures and distributes packaging materials and related packaging machines in the United States, Canada, and internationally. The company offers flexible packaging products, such as barrier shrink bags, modified atmosphere packaging products, rollstock and specialty films, zipper stand-up pouches, and vacuum pouches.

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