Ranpak (NYSE:PACK) Given New $20.00 Price Target at Robert W. Baird

Ranpak (NYSE:PACKGet Rating) had its price target cut by equities research analysts at Robert W. Baird from $38.00 to $20.00 in a note issued to investors on Monday, The Fly reports. Robert W. Baird’s price objective suggests a potential upside of 61.81% from the stock’s previous close.

A number of other equities analysts also recently weighed in on PACK. TheStreet downgraded shares of Ranpak from a “c” rating to a “d+” rating in a research note on Friday, February 25th. The Goldman Sachs Group dropped their target price on shares of Ranpak from $29.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, April 6th. Finally, Craig Hallum dropped their target price on shares of Ranpak from $40.00 to $35.00 in a research note on Monday, February 28th.

Shares of PACK stock opened at $12.36 on Monday. Ranpak has a 12-month low of $11.60 and a 12-month high of $42.97. The company has a market capitalization of $1.01 billion, a P/E ratio of -42.62 and a beta of 1.36. The firm has a 50-day moving average price of $19.26 and a 200 day moving average price of $28.42. The company has a quick ratio of 2.22, a current ratio of 2.68 and a debt-to-equity ratio of 0.63.

Ranpak (NYSE:PACKGet Rating) last announced its quarterly earnings results on Friday, May 6th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.16). Ranpak had a negative net margin of 0.73% and a negative return on equity of 0.46%. The firm had revenue of $82.50 million for the quarter, compared to the consensus estimate of $98.83 million. Ranpak’s quarterly revenue was down 5.9% on a year-over-year basis.

Large investors have recently modified their holdings of the company. Van ECK Associates Corp acquired a new stake in shares of Ranpak during the 4th quarter worth approximately $28,000. Rockefeller Capital Management L.P. bought a new position in Ranpak in the fourth quarter valued at approximately $38,000. Parallel Advisors LLC lifted its stake in Ranpak by 26,142.9% in the first quarter. Parallel Advisors LLC now owns 1,837 shares of the company’s stock valued at $38,000 after buying an additional 1,830 shares in the last quarter. Silvant Capital Management LLC bought a new position in Ranpak in the first quarter valued at approximately $46,000. Finally, Moors & Cabot Inc. bought a new position in Ranpak in the third quarter valued at approximately $55,000. Institutional investors own 98.91% of the company’s stock.

Ranpak Company Profile (Get Rating)

Ranpak Holdings Corp., together with its subsidiaries, provide product protection solutions for e-commerce and industrial supply chains in North America, Europe, and Asia. The company offers protective packaging solutions, such as void-fill protective systems that convert paper to fill empty spaces in secondary packages and protect objects under the FillPak brand; cushioning protective systems, which convert paper into cushioning pads under the PadPak brand; and wrapping protective systems that create pads or paper mesh to wrap and protect fragile items, as well as to line boxes and provide separation when shipping various objects under the WrapPak, Geami, and ReadyRoll brands.

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