Weiss Ratings Reiterates Sell (D-) Rating for Ranpak (NYSE:PACK)

Key Points

• Weiss Ratings has reiterated a "Sell (D-)" rating for Ranpak (NYSE:PACK), despite some analysts' positive outlooks and target price increases.
• Ranpak's stock has experienced a 1.6% increase recently, but it remains significantly below its 52-week high of $8.70.
• The company reported a loss of ($0.09) earnings per share for its latest quarter, falling short of analysts' expectations.

Ranpak (NYSE:PACK - Get Free Report)'s stock had its "sell (d-)" rating reiterated by stock analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

A number of other research firms also recently commented on PACK. Craig Hallum boosted their target price on Ranpak from $8.00 to $10.00 and gave the stock a "buy" rating in a research report on Tuesday, August 26th. Cantor Fitzgerald upped their target price on Ranpak from $6.00 to $6.50 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Two equities 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 MarketBeat.com, Ranpak has an average rating of "Hold" and an average price target of $7.17.

Ranpak Stock Up 1.6%

Shares of NYSE:PACK opened at $5.79 on Wednesday. Ranpak has a 52-week low of $2.91 and a 52-week high of $8.70. The firm has a market capitalization of $488.44 million, a P/E ratio of -13.79 and a beta of 2.84. The stock has a 50 day moving average price of $4.83 and a 200-day moving average price of $4.18. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.30 and a current ratio of 1.74.

Ranpak (NYSE:PACK - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.13). The company had revenue of $77.80 million for the quarter, compared to the consensus estimate of $94.45 million. Ranpak had a negative net margin of 9.06% and a negative return on equity of 6.29%. Ranpak has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Ranpak will post -0.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PACK. GAMMA Investing LLC lifted its holdings in Ranpak by 1,601.2% in the first quarter. GAMMA Investing LLC now owns 5,631 shares of the company's stock valued at $31,000 after acquiring an additional 5,300 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Ranpak by 29.7% during the fourth quarter. Bank of America Corp DE now owns 50,248 shares of the company's stock worth $346,000 after buying an additional 11,507 shares during the last quarter. Deutsche Bank AG lifted its position in Ranpak by 369.5% in the first quarter. Deutsche Bank AG now owns 192,549 shares of the company's stock valued at $1,044,000 after purchasing an additional 151,534 shares during the period. Resolute Capital Asset Partners LLC acquired a new stake in shares of Ranpak during the 1st quarter valued at approximately $867,000. Finally, Teacher Retirement System of Texas lifted its position in shares of Ranpak by 70.4% during the 1st quarter. Teacher Retirement System of Texas now owns 69,369 shares of the company's stock valued at $376,000 after acquiring an additional 28,655 shares during the period. 85.94% of the stock is currently owned by institutional investors and hedge funds.

Ranpak Company Profile

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.

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