Ranpak (NYSE:PACK) Given New $6.50 Price Target at Cantor Fitzgerald

Key Points

• Cantor Fitzgerald has raised Ranpak's price target from $6.00 to $6.50, indicating a potential upside of 51.34% from its current stock price.
• Other analysts have mixed opinions on Ranpak, with Craig Hallum maintaining a "buy" rating, while Robert W. Baird reduced their price target to $5.00 and issued a "neutral" rating.
• Ranpak reported earnings that missed analysts' expectations, with a loss of ($0.09) per share and revenues of $77.80 million compared to a forecast of $94.45 million.

Ranpak (NYSE:PACK - Get Free Report) had its price target lifted by stock analysts at Cantor Fitzgerald from $6.00 to $6.50 in a report released on Wednesday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Cantor Fitzgerald's price objective would suggest a potential upside of 64.72% from the stock's previous close. Cantor Fitzgerald also issued estimates for Ranpak's FY2025 earnings at ($0.32) EPS.

PACK has been the subject of a number of other research reports. Robert W. Baird cut their price target on shares of Ranpak from $7.00 to $5.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Craig Hallum reiterated a "buy" rating on shares of Ranpak in a report on Tuesday.

Ranpak Stock Performance

Shares of PACK stock traded down $0.03 during mid-day trading on Wednesday, hitting $3.95. The stock had a trading volume of 406,296 shares, compared to its average volume of 478,692. Ranpak has a fifty-two week low of $2.91 and a fifty-two week high of $8.70. The firm has a market cap of $332.38 million, a PE ratio of -9.40 and a beta of 2.70. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.74 and a quick ratio of 1.38. The company's 50-day simple moving average is $3.67 and its 200-day simple moving average is $4.70.

Ranpak (NYSE:PACK - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.13). Ranpak had a negative return on equity of 6.29% and a negative net margin of 9.06%. The firm had revenue of $77.80 million during the quarter, compared to analyst estimates of $94.45 million. Sell-side analysts anticipate that Ranpak will post -0.2 earnings per share for the current year.

Hedge Funds Weigh In On Ranpak

A number of large investors have recently made changes to their positions in the stock. Coliseum Capital Management LLC purchased a new position in Ranpak during the 1st quarter valued at about $8,501,000. G2 Investment Partners Management LLC increased its holdings in Ranpak by 28.7% during the 4th quarter. G2 Investment Partners Management LLC now owns 3,070,511 shares of the company's stock valued at $21,125,000 after acquiring an additional 683,851 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Ranpak by 8.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,569,282 shares of the company's stock valued at $17,677,000 after acquiring an additional 198,973 shares in the last quarter. Roubaix Capital LLC increased its holdings in Ranpak by 20.8% during the 1st quarter. Roubaix Capital LLC now owns 995,098 shares of the company's stock valued at $5,393,000 after acquiring an additional 171,093 shares in the last quarter. Finally, Resolute Capital Asset Partners LLC purchased a new position in Ranpak during the 1st quarter valued at about $867,000. Hedge funds and other institutional investors own 85.94% of the company's stock.

About Ranpak

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.