Brokerages Set Ranpak Holdings Corp (NYSE:PACK) PT at $7.50

Ranpak Holdings Corp (NYSE:PACK) has received an average recommendation of “Hold” from the five research firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $6.8333.

Several research analysts have recently issued reports on PACK shares. UBS Group restated an “overweight” rating on shares of Ranpak in a report on Friday, March 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Ranpak in a research report on Thursday, January 22nd. Cantor Fitzgerald restated an “overweight” rating on shares of Ranpak in a research note on Friday, March 6th. Finally, Craig Hallum dropped their price objective on Ranpak from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, March 6th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Ballast Inc. acquired a new position in Ranpak during the third quarter worth approximately $56,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Ranpak in the fourth quarter valued at approximately $55,000. Quantbot Technologies LP acquired a new stake in shares of Ranpak in the third quarter valued at approximately $58,000. nVerses Capital LLC purchased a new position in shares of Ranpak during the fourth quarter worth approximately $58,000. Finally, Corient Private Wealth LLC purchased a new position in shares of Ranpak during the fourth quarter worth approximately $59,000. Hedge funds and other institutional investors own 85.94% of the company’s stock.

Ranpak Price Performance

Shares of NYSE PACK opened at $3.24 on Friday. The stock’s 50-day simple moving average is $5.33 and its 200-day simple moving average is $5.25. The firm has a market capitalization of $272.97 million, a PE ratio of -7.19 and a beta of 2.82. Ranpak has a fifty-two week low of $2.91 and a fifty-two week high of $6.31. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.47 and a current ratio of 1.83.

Ranpak (NYSE:PACK) last announced its quarterly earnings results on Thursday, March 5th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.09). Ranpak had a negative net margin of 9.70% and a negative return on equity of 7.11%. The business had revenue of $111.90 million during the quarter, compared to analyst estimates of $112.82 million. As a group, equities research analysts forecast that Ranpak will post -0.2 EPS 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.