Ranpak Holdings Corp (NYSE:PACK) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Five brokerages give Ranpak a consensus rating of Hold (1 sell, 1 hold, 3 buy) with an average 12‑month price target of $6.83, amid mixed analyst actions including recent downgrades and some reaffirmed overweight calls.
• Ranpak missed the quarter, reporting EPS of -$0.11 vs. -$0.02 expected and revenue of $111.9M vs. $112.8M, leaving negative net margin and ROE and analysts projecting about -0.27 EPS for the year.
• Shares opened at $4.22 (market cap ~$357M) with a 12‑month range of $2.91–$6.31, and institutional investors hold roughly 85.94% of the stock.

Ranpak Holdings Corp (NYSE:PACK - Get Free Report) has earned a consensus rating of "Hold" from the five brokerages that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $6.8333.

Several analysts have weighed in on the stock. Weiss Ratings reissued a "sell (d-)" rating on shares of Ranpak in a research report on Tuesday. UBS Group reaffirmed an "overweight" rating on shares of Ranpak in a report on Friday, March 6th. Wall Street Zen downgraded shares of Ranpak from a "hold" rating to a "sell" rating in a report on Sunday, April 12th. Craig Hallum dropped their price objective on shares of Ranpak from $10.00 to $8.00 and set a "buy" rating on the stock in a report on Friday, March 6th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Ranpak in a report on Friday, March 6th.

Institutional Trading of Ranpak

Large investors have recently made changes to their positions in the business. Ballast Inc. purchased a new stake in shares of Ranpak in the 3rd quarter valued at $56,000. Dynamic Technology Lab Private Ltd purchased a new stake in Ranpak during the fourth quarter worth $55,000. Quantbot Technologies LP purchased a new stake in Ranpak during the third quarter worth $58,000. nVerses Capital LLC purchased a new stake in Ranpak during the fourth quarter worth $58,000. Finally, Corient Private Wealth LLC purchased a new stake in Ranpak during the fourth quarter worth $59,000. 85.94% of the stock is owned by hedge funds and other institutional investors.

Ranpak Stock Up 5.5%

NYSE:PACK opened at $4.22 on Friday. The company has a market cap of $357.35 million, a PE ratio of -9.37 and a beta of 2.88. Ranpak has a twelve month low of $2.91 and a twelve month high of $6.31. The company has a current ratio of 1.83, a quick ratio of 1.47 and a debt-to-equity ratio of 0.74. The company's 50 day moving average is $4.15 and its two-hundred day moving average is $4.94.

Ranpak (NYSE:PACK - Get Free Report) last released its 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 for 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%. Analysts anticipate that Ranpak will post -0.27 EPS for the current 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.

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