Winpak (TSE:WPK) Stock Passes Above Fifty Day Moving Average – Should You Sell?

Winpak Ltd. (TSE:WPK) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$41.19 and traded as high as C$42.21. Winpak shares last traded at C$41.91, with a volume of 129,499 shares.

Wall Street Analyst Weigh In

WPK has been the subject of several recent analyst reports. National Bank Financial lifted their price target on Winpak from C$48.00 to C$49.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 25th. Canadian Imperial Bank of Commerce downgraded shares of Winpak from an “outperform” rating to a “hold” rating and cut their price objective for the company from C$53.00 to C$52.00 in a research report on Tuesday, February 24th. Finally, BMO Capital Markets raised their price objective on shares of Winpak from C$47.00 to C$52.00 and gave the company a “market perform” rating in a research note on Tuesday, February 24th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$51.00.

Winpak Price Performance

The company has a market cap of C$2.46 billion, a P/E ratio of 18.88, a P/E/G ratio of 4.44 and a beta of 0.47. The stock’s 50-day moving average is C$41.19 and its two-hundred day moving average is C$44.17.

Winpak (TSE:WPK) last posted its quarterly earnings data on Wednesday, April 29th. The company reported C$0.74 earnings per share (EPS) for the quarter. The company had revenue of C$389.30 million for the quarter. Winpak had a net margin of 11.93% and a return on equity of 10.32%. On average, analysts predict that Winpak Ltd. will post 3.5432473 EPS for the current year.

Winpak Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Stockholders 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 dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, April 1st. Winpak’s payout ratio is presently 6.53%.

Insider Activity

In other news, insider Scott Mckenzie Taylor purchased 1,650 shares of the company’s stock in a transaction on Monday, May 4th. The stock was acquired at an average cost of C$40.36 per share, for a total transaction of C$66,594.00. Following the completion of the transaction, the insider directly owned 4,400 shares in the company, valued at C$177,584. This trade represents a 60.00% increase in their position. Company insiders own 57.46% of the company’s stock.

Winpak Company Profile

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.