Ranpak (NYSE:PACK) Cut to Hold at Craig Hallum

Key Points

• Craig Hallum downgraded Ranpak from “buy” to “hold” and set a $3.50 price target, implying about 3.1% upside. The analyst consensus is also “hold,” with an average target of $4.75.
• Ranpak’s shares opened at $3.40 after declining 10.2%, trading near the lower end of their 12-month range of $3.05 to $7.81.
• The company reported a quarterly loss of $0.08 per share, missing estimates by $0.06, while revenue of $101.9 million fell short of the $108.85 million consensus forecast.

Ranpak (NYSE:PACK - Get Free Report) was downgraded by stock analysts at Craig Hallum from a "buy" rating to a "hold" rating in a note issued to investors on Friday, Briefing.com reports. They currently have a $3.50 price objective on the stock. Craig Hallum's target price suggests a potential upside of 3.09% from the stock's current price.

Separately, Weiss Ratings restated a "sell (d-)" rating on shares of Ranpak in a research note on Thursday, October 15th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Ranpak has an average rating of "Hold" and an average price target of $4.75.

Ranpak Stock Down 10.2%

Shares of NYSE PACK opened at $3.40 on Friday. The company has a market cap of $291.16 million, a P/E ratio of -7.72 and a beta of 3.14. The company has a current ratio of 1.79, a quick ratio of 1.39 and a debt-to-equity ratio of 0.76. Ranpak has a 12-month low of $3.05 and a 12-month high of $7.81. The stock has a fifty day moving average price of $4.10 and a 200 day moving average price of $5.15.

Ranpak (NYSE:PACK - Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.06). The firm had revenue of $101.90 million for the quarter, compared to analysts' expectations of $108.85 million. Ranpak had a negative net margin of 9.09% and a negative return on equity of 7.18%. Research analysts anticipate that Ranpak will post -0.32 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PACK. Gamco Investors INC. ET AL raised its stake in shares of Ranpak by 28.6% during the first quarter. Gamco Investors INC. ET AL now owns 18,000 shares of the company's stock valued at $64,000 after purchasing an additional 4,000 shares in the last quarter. Gabelli Funds LLC increased its stake in Ranpak by 6.3% during the 1st quarter. Gabelli Funds LLC now owns 101,485 shares of the company's stock valued at $362,000 after buying an additional 5,985 shares during the period. Vise Technologies Inc. increased its stake in Ranpak by 61.5% during the 3rd quarter. Vise Technologies Inc. now owns 22,080 shares of the company's stock valued at $92,000 after buying an additional 8,407 shares during the period. Granite Investment Partners LLC raised its position in shares of Ranpak by 35.6% during the 1st quarter. Granite Investment Partners LLC now owns 37,631 shares of the company's stock worth $134,000 after buying an additional 9,889 shares in the last quarter. Finally, MQS Management LLC bought a new stake in shares of Ranpak during the 1st quarter worth about $47,000. Institutional investors and hedge funds own 85.94% of the company's stock.

Ranpak Company Profile

Ranpak Holdings Corp. NYSE: PACK develops and manufactures sustainable, paper-based packaging solutions designed to protect products during shipping and handling. Its offerings serve e-commerce, retail, industrial, food, and other applications where cushioning, void fill, wrapping, and product protection are required.

The company's product portfolio includes paper cushioning and void-fill materials, protective wrapping systems, and packaging automation equipment. Ranpak also provides dispensing systems and related packaging solutions that help customers streamline fulfillment operations while reducing reliance on plastic-based protective packaging.

Founded in 1972, Ranpak serves customers through a global network of manufacturing, distribution, and sales operations across North America, Europe, and other international markets.

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