Analysts Set Ranpak Holdings Corp (NYSE:PACK) Target Price at $6.83

Shares of Ranpak Holdings Corp (NYSE:PACK) have earned an average rating of “Hold” from the five analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $6.8333.

Several analysts recently weighed in on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Ranpak in a research note on Tuesday, April 21st. Wall Street Zen downgraded Ranpak from a “hold” rating to a “sell” rating in a research note on Sunday, April 12th. UBS Group reiterated an “overweight” rating on shares of Ranpak in a research note on Friday, March 6th. Craig Hallum cut their target price on Ranpak from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, March 6th. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of Ranpak in a research note on Friday, March 6th.

Institutional Trading of Ranpak

Several institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers boosted its stake in Ranpak by 2.9% during the 3rd quarter. Rhumbline Advisers now owns 70,261 shares of the company’s stock valued at $395,000 after purchasing an additional 2,008 shares during the last quarter. Bank of America Corp DE boosted its stake in Ranpak by 7.4% during the 3rd quarter. Bank of America Corp DE now owns 35,583 shares of the company’s stock valued at $200,000 after purchasing an additional 2,452 shares during the last quarter. Deutsche Bank AG boosted its stake in Ranpak by 8.0% during the 4th quarter. Deutsche Bank AG now owns 35,834 shares of the company’s stock valued at $194,000 after purchasing an additional 2,647 shares during the last quarter. Gamco Investors INC. ET AL boosted its stake in shares of Ranpak by 27.9% in the 2nd quarter. Gamco Investors INC. ET AL now owns 14,000 shares of the company’s stock worth $50,000 after buying an additional 3,050 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Ranpak by 20.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,647 shares of the company’s stock worth $70,000 after buying an additional 3,364 shares during the last quarter. 85.94% of the stock is currently owned by hedge funds and other institutional investors.

Ranpak Stock Performance

Ranpak stock opened at $4.13 on Friday. The company has a quick ratio of 1.47, a current ratio of 1.83 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $349.64 million, a P/E ratio of -9.17 and a beta of 2.88. The stock’s 50 day moving average is $4.11 and its 200 day moving average is $4.92. Ranpak has a twelve month low of $2.91 and a twelve month high of $6.31.

Ranpak (NYSE:PACK) last posted its quarterly earnings results on Thursday, March 5th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.09). The company had revenue of $111.90 million during the quarter, compared to analysts’ expectations of $112.82 million. Ranpak had a negative return on equity of 7.11% and a negative net margin of 9.70%. On average, equities research analysts predict that Ranpak will post -0.27 earnings per share for the current fiscal year.

About Ranpak

Ranpak Holdings Corp. (NYSE: PACK) is a leading provider of sustainable, paper-based packaging solutions designed to protect products during transit. The company’s core business centers on the design, manufacture and distribution of automated systems and consumable paper packaging materials that offer an eco-friendly alternative to plastic-based void-fill and protective packaging. Ranpak’s solutions include crumpled paper fillers, paper wrap systems and tailored automation equipment that serve diverse end markets such as e-commerce, industrial parts, electronics and retail.

Founded in 1972 and headquartered in Concord Township, Ohio, Ranpak has built a global presence by combining innovation in paper converting technology with a commitment to sustainability.