Winpak Limited (WPK) Gets a Hold Rating from Raymond James


Winpak Limited (WPK), the Consumer Goods sector company, has received a rating update from a Wall Street analyst today. Analyst Kenric Tyghe from Raymond James reiterated a Hold rating, with a C$52 price target.

According to TipRanks.com, Tyghe is a 3-star analyst with an average return of 4.2% and a 52.9% success rate. Tyghe covers the Services sector, focusing on stocks such as Loblaw Companies Limited, Dollarama Inc, and Cineplex.

Currently, the analyst consensus on Winpak Limited is a Hold with an average price target of C$50.60.

Based on Winpak Limited’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of C$35.24 million. In comparison, last year the company had a net profit of C$33.34 million.

Winpak Ltd. engages in the manufacture and distribution of packaging materials and related packaging machines. The firm operates through following segments: rigid packaging and flexible lidding, flexible packaging and packaging machinery. The rigid packaging and flexible lidding segment includes the rigid containers and lidding product groups.

The company’s shares closed on Wednesday at C$42.90.

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