Should I buy or sell Ranpak stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ranpak in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" PACK shares. View PACK analyst ratings or view top-rated stocks .

What is Ranpak's stock price target for 2024?

2 brokerages have issued 12 month price objectives for Ranpak's stock. Their PACK share price targets range from $8.00 to $10.00. On average, they anticipate the company's share price to reach $9.00 in the next year. This suggests a possible upside of 29.7% from the stock's current price. View analysts price targets for PACK or view top-rated stocks among Wall Street analysts .

How have PACK shares performed in 2024?

Ranpak's stock was trading at $5.82 at the beginning of the year. Since then, PACK shares have increased by 19.2% and is now trading at $6.94. View the best growth stocks for 2024 here .

When is Ranpak's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024. View our PACK earnings forecast .

How were Ranpak's earnings last quarter?

Ranpak Holdings Corp. (NYSE:PACK) announced its quarterly earnings data on Monday, March, 11th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.05) by $0.06. The firm had revenue of $90.40 million for the quarter, compared to analyst estimates of $87.04 million. Ranpak had a negative net margin of 8.06% and a negative trailing twelve-month return on equity of 4.63%. Ranpak's quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.51) EPS.

What guidance has Ranpak issued on next quarter's earnings?

Ranpak issued an update on its FY 2024 earnings guidance on Tuesday, March, 12th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $370.0 million-$390.0 million, compared to the consensus revenue estimate of $350.5 million.

Who are Ranpak's major shareholders?

Ranpak's stock is owned by many different institutional and retail investors. Top institutional investors include Los Angeles Capital Management LLC (0.06%). Insiders that own company stock include Alicia M Tranen, Antonio Grassotti, Eric Laurensse , Kurt Zumwalt , Mark A Siebert, Michael Anthony Jones , Omar Asali , Pamela K El, Salil Seshadri, Steve A Kovach , Thomas F Corley and William Drew. View institutional ownership trends .

How do I buy shares of Ranpak?

Shares of PACK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:PACK

Ranpak (PACK) Stock Price, News & Analysis

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Free PACK Stock Alerts

$6.94

+0.13 (+1.91%)

(As of 04/18/2024 ET)

Compare

Today's Range: $6.76
▼
$7.13
50-Day Range: $4.33
▼
$8.06
52-Week Range: $2.63
▼
$8.29

Volume: 422,818 shs
Average Volume: 699,536 shs
Market Capitalization: $573.38 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $9.00

Get Ranpak alerts:

Ranpak MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 29.7% Upside
$9.00 Price Target
Short Interest: Healthy
1.94% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.61
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.25 out of 5 stars

Basic Materials Sector

116th out of 173 stocks

Converted Paper & Paperboard Products, Except Containers & Box Industry

3rd out of 3 stocks

3.5

Analyst's Opinion

Consensus Rating
Ranpak has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Ranpak has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.94% of the float of Ranpak has been sold short.
Short Interest Ratio / Days to Cover
Ranpak has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Ranpak has recently increased by 4.48%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Ranpak does not currently pay a dividend.
Dividend Growth
Ranpak does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PACK.

3.7

News and Social Media Coverage

News Sentiment
Ranpak has a news sentiment score of 0.61. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.39 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Ranpak this week, compared to 1 article on an average week.
Search Interest
6 people have searched for PACK on MarketBeat in the last 30 days. This is an increase of 20% compared to the previous 30 days.
MarketBeat Follows
2 people have added Ranpak to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Ranpak insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 7.30% of the stock of Ranpak is held by insiders.
Percentage Held by Institutions
85.94% of the stock of Ranpak is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.0

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Ranpak is -21.03, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ranpak is -21.03, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Ranpak has a P/B Ratio of 1.00. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Ranpak Stock (NYSE:PACK)

Ranpak Holdings Corp., together with its subsidiaries, provides product protection solutions and end-of-line automation 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, as well as cold chain products, which are used to provide insulation for goods. It also offers end-of-line packaging automation products, which help end users automate the void filling and box closure processes after product packing is complete. The company sells its products to end users primarily through a distributor network, and directly to select end-users. Ranpak Holdings Corp. was founded in 1972 and is headquartered in Concord Township, Ohio.

PACK Stock Price History

30 days | 90 days | 365 days | Advanced Chart

PACK Stock News Headlines

April 17, 2024 | msn.com

Ranpak Holdings (PACK) Price Target Increased by 12.50% to 7.65

April 17, 2024 | finance.yahoo.com

Insider Stock Buying Of Ranpak Holdings Delivers Return On US$1.39m Investment

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April 10, 2024 | msn.com

Hydropac unveils ice pack solution for pet food cold chain logistics

April 10, 2024 | msn.com

Ranpak introduces Geami MV system to enhance wrapping portfolio

April 9, 2024 | finance.yahoo.com

Ranpak Strengthens Wrapping Portfolio with Launch of Geami MV™ Converter

April 9, 2024 | businesswire.com

Ranpak Strengthens Wrapping Portfolio with Launch of Geami MV™ Converter

April 3, 2024 | money.usnews.com

Ranpak Holdings Corp - Ordinary Shares - Class A

April 18, 2024 | DTI (Ad)

With the “Bitcoin Loophole” you can supercharge the gains by 10x or more

April 1, 2024 | markets.businessinsider.com

Analysts Offer Insights on Consumer Cyclical Companies: Carnival (CCL), Ranpak Holdings (PACK) and Sportsman’s Warehouse (SPWH)

March 12, 2024 | fool.com

Here's Why Ranpak Stock Skyrocketed Today

March 12, 2024 | markets.businessinsider.com

Ranpak Holdings Analysts Increase Their Forecasts Following Q4 Results

March 12, 2024 | finance.yahoo.com

Ranpak Holdings Corp. (NYSE:PACK) Q4 2023 Earnings Call Transcript

March 12, 2024 | markets.businessinsider.com

Ranpak Holdings: A Cautious Hold Amidst Growth and Financial Challenges

March 11, 2024 | msn.com

Ranpak Holdings reports Q4 results

March 11, 2024 | benzinga.com

Ranpak Hldgs: Q4 Earnings Insights

March 11, 2024 | finance.yahoo.com

Ranpak Holdings Corp (PACK) Reports Solid Revenue Growth Amidst Net Loss in Q4 2023

March 11, 2024 | businesswire.com

Ranpak Holdings Corp. Reports Fourth Quarter 2023 Financial Results

March 8, 2024 | benzinga.com

Ranpak Hldgs Earnings Preview

March 8, 2024 | finance.yahoo.com

Supply & Demand Chain Executive Magazine Names Ranpak’s Bryan Boatner as Recipient of 2024 Pros to Know Award

March 8, 2024 | businesswire.com

Supply & Demand Chain Executive Magazine Names Ranpak's Bryan Boatner as Recipient of 2024 Pros to Know Award

March 4, 2024 | businesswire.com

Ranpak to Hold Conference Call to Discuss Fourth Quarter 2023 Results

February 27, 2024 | businesswire.com

Ranpak to Launch Game-Changing Data Driven Solutions Delivering Unrivalled ROI for End-of-Line Packaging

February 20, 2024 | tmcnet.com

Ranpak Announces Cut'it!™ EVO Multi-Lid at MODEX 2024

February 20, 2024 | finance.yahoo.com

Ranpak Announces Cut’it!™ EVO Multi-Lid at MODEX 2024

February 20, 2024 | businesswire.com

Ranpak Announces Cut'it!™ EVO Multi-Lid at MODEX 2024

January 12, 2024 | finance.yahoo.com

Is Ranpak Holdings Corp. (NYSE:PACK) Trading At A 28% Discount?

See More Headlines

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Company Calendar

Last Earnings: 3/11/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/02/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Basic Materials
Industry: Converted paper & paperboard products, except containers & box
Sub-Industry: N/A
Current Symbol: NYSE:PACK
CUSIP: N/A
CIK: 1712463
Web: www.ranpak.com
Phone: (440) 354-4445
Fax: N/A
Employees: 800
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $9.00
High Stock Price Target: $10.00
Low Stock Price Target: $8.00
Potential Upside/Downside: +29.7%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.33)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-27,100,000.00
Net Margins: -8.06%
Pretax Margin: -9.31%
Return on Equity: -4.63%
Return on Assets: -2.39%

Debt

Debt-to-Equity Ratio: 0.70
Current Ratio: 2.60
Quick Ratio: 2.24

Sales & Book Value

Annual Sales: $336.30 million
Price / Sales: 1.70
Cash Flow: $0.39 per share
Price / Cash Flow: 17.91
Book Value: $6.92 per share
Price / Book: 1.00

Miscellaneous

Outstanding Shares: 82,620,000
Free Float: 76,590,000
Market Cap: $573.38 million
Optionable: Optionable
Beta: 2.30

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Key Executives

Mr. Omar Marwan Asali (Age 54)
Founder, CEO & Chairman
Mr. William E. Drew (Age 42)
Senior VP & CFO
Comp: $294.15k
Mr. Michael S. Gliedman (Age 61)
CTO & Director
Comp: $529k
Mr. Antonio Grassotti (Age 63)
Managing Director of APAC
Comp: $491.28k
Mr. Eric Laurensse (Age 60)
Managing Director of EMEA
Comp: $310.65k
Ms. Sara A. Horvath
VP, General Counsel & Secretary
Mr. David Paul Murgio (Age 52)
Chief Sustainability Officer
Mr. Jason Cho
Managing Director of Business Development
Mr. Mark A. Siebert (Age 56)
Managing Director of North America
Bryan Boatner
Managing Director Automation

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PACK Stock Analysis - Frequently Asked Questions

Should I buy or sell Ranpak stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ranpak in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" PACK shares.
View PACK analyst ratings or view top-rated stocks.
What is Ranpak's stock price target for 2024?: 2 brokerages have issued 12 month price objectives for Ranpak's stock. Their PACK share price targets range from $8.00 to $10.00. On average, they anticipate the company's share price to reach $9.00 in the next year. This suggests a possible upside of 29.7% from the stock's current price.
View analysts price targets for PACK or view top-rated stocks among Wall Street analysts.
How have PACK shares performed in 2024?: Ranpak's stock was trading at $5.82 at the beginning of the year. Since then, PACK shares have increased by 19.2% and is now trading at $6.94.
View the best growth stocks for 2024 here.
When is Ranpak's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our PACK earnings forecast.

How were Ranpak's earnings last quarter?: Ranpak Holdings Corp. (NYSE:PACK) announced its quarterly earnings data on Monday, March, 11th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.05) by $0.06. The firm had revenue of $90.40 million for the quarter, compared to analyst estimates of $87.04 million. Ranpak had a negative net margin of 8.06% and a negative trailing twelve-month return on equity of 4.63%. Ranpak's quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.51) EPS.
What guidance has Ranpak issued on next quarter's earnings?: Ranpak issued an update on its FY 2024 earnings guidance on Tuesday, March, 12th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $370.0 million-$390.0 million, compared to the consensus revenue estimate of $350.5 million.
Who are Ranpak's major shareholders?: Ranpak's stock is owned by many different institutional and retail investors. Top institutional investors include Los Angeles Capital Management LLC (0.06%). Insiders that own company stock include Alicia M Tranen, Antonio Grassotti, Eric Laurensse, Kurt Zumwalt, Mark A Siebert, Michael Anthony Jones, Omar Asali, Pamela K El, Salil Seshadri, Steve A Kovach, Thomas F Corley and William Drew.
View institutional ownership trends.
How do I buy shares of Ranpak?: Shares of PACK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:PACK) was last updated on 4/18/2024 by MarketBeat.com Staff

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