Wall Street Zen Upgrades Ranpak (NYSE:PACK) to Hold

Key Points

• Wall Street Zen upgraded Ranpak (NYSE:PACK) from a "sell" to a "hold" in a research note issued Saturday.
• Analysts remain mixed—three Buys, one Hold and one Sell—giving a consensus rating of "Hold" and a consensus target price of $6.83, while the stock opened at $5.60.
• Ranpak reported Q1 EPS of -$0.12 (missing by $0.01) but revenue beat at $101.2M versus $91.6M; the company shows negative net margin and ROE and a market cap of about $474M.

Ranpak (NYSE:PACK - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Saturday.

PACK has been the subject of a number of other research reports. UBS Group reiterated an "overweight" rating on shares of Ranpak in a report on Friday, March 6th. Craig Hallum dropped their price target on Ranpak from $10.00 to $8.00 and set a "buy" rating on the stock in a research note on Friday, March 6th. Weiss Ratings reissued a "sell (d-)" rating on shares of Ranpak in a research note on Tuesday, April 21st. Finally, Cantor Fitzgerald reissued an "overweight" rating on shares of Ranpak in a research note on Friday, March 6th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $6.83.

Ranpak Stock Performance

Shares of Ranpak stock opened at $5.60 on Friday. The company has a market capitalization of $474.01 million, a PE ratio of -12.43 and a beta of 3.06. Ranpak has a 12 month low of $2.91 and a 12 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 stock's fifty day simple moving average is $4.04 and its 200 day simple moving average is $4.91.

Ranpak (NYSE:PACK - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.01). The business had revenue of $101.20 million for the quarter, compared to analyst estimates of $91.59 million. Ranpak had a negative return on equity of 7.00% and a negative net margin of 9.28%. On average, research analysts predict that Ranpak will post -0.27 EPS for the current year.

Institutional Investors Weigh In On Ranpak

Several hedge funds have recently bought and sold shares of the company. Granite Investment Partners LLC lifted its stake in Ranpak by 35.6% in the 1st quarter. Granite Investment Partners LLC now owns 37,631 shares of the company's stock valued at $134,000 after purchasing an additional 9,889 shares during the last quarter. MQS Management LLC acquired a new stake in Ranpak in the 1st quarter valued at about $47,000. Inspire Investing LLC lifted its stake in Ranpak by 63.4% in the 1st quarter. Inspire Investing LLC now owns 144,005 shares of the company's stock valued at $514,000 after purchasing an additional 55,854 shares during the last quarter. Corient Private Wealth LLC acquired a new stake in Ranpak in the 4th quarter valued at about $59,000. Finally, Empowered Funds LLC lifted its stake in Ranpak by 6.0% in the 4th quarter. Empowered Funds LLC now owns 498,623 shares of the company's stock valued at $2,698,000 after purchasing an additional 28,056 shares during the last quarter. 85.94% of the stock is currently owned by institutional investors and hedge funds.

Ranpak Company Profile

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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