Winpak Ltd. (WPK) Scheduled to Post Quarterly Earnings on Monday
Winpak Ltd. (TSE:WPK) will be releasing its earnings data after the market closes on Monday, July 17th. Analysts expect Winpak to post earnings of $0.42 per share for the quarter.
Winpak Ltd. (TSE:WPK) traded down 0.42% during mid-day trading on Thursday, hitting $56.77. The company had a trading volume of 41,948 shares. The company has a market capitalization of $3.69 billion and a price-to-earnings ratio of 34.70. Winpak Ltd. has a 52 week low of $42.40 and a 52 week high of $61.43. The firm’s 50 day moving average is $58.62 and its 200 day moving average is $52.51.
WPK has been the topic of several analyst reports. TD Securities downgraded Winpak from a “buy” rating to a “hold” rating and lifted their target price for the company from C$58.00 to C$61.00 in a research report on Monday, May 1st. CIBC cut Winpak from an “outperform” rating to a “neutral” rating and set a C$60.00 price target on the stock. in a report on Tuesday, June 27th. Scotiabank raised their price target on Winpak from C$55.00 to C$60.00 and gave the company an “outperform” rating in a report on Friday, April 28th. Finally, Raymond James Financial, Inc. raised their price target on Winpak from C$51.00 to C$56.00 and gave the company an “outperform” rating in a report on Friday, April 21st.
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Winpak Ltd. manufactures and distributes packaging materials and related packaging machines. The Company’s products are used for packaging of perishable foods, beverages and in healthcare applications. It operates through six segments: modified atmosphere packaging, specialty films, rigid containers, lidding, biaxially oriented nylon and packaging machinery.
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