Ranpak (PACK) Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ranpak in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" PACK shares.
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2 brokers have issued twelve-month price objectives for Ranpak's stock. Their PACK share price forecasts range from $5.25 to $6.00. On average, they expect the company's share price to reach $5.63 in the next year. This suggests a possible upside of 67.9% from the stock's current price.
View analysts price targets for PACK or view top-rated stocks among Wall Street analysts.

Ranpak's stock was trading at $5.77 on January 1st, 2023. Since then, PACK shares have decreased by 41.9% and is now trading at $3.35.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our PACK earnings forecast.

Ranpak Holdings Corp. (NYSE:PACK) posted its earnings results on Thursday, May, 4th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by $0.10. The company had revenue of $81.20 million for the quarter, compared to analyst estimates of $83.54 million. Ranpak had a negative net margin of 12.21% and a negative trailing twelve-month return on equity of 6.49%. The company's revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.17) EPS.

ETFs with the largest weight of Ranpak (NYSE:PACK) stock in their portfolio include Invesco MSCI Global Timber ETF (CUT) and Vanguard Materials ETF (VAW).Fidelity MSCI Materials Index ETF (FMAT).

Ranpak issued an update on its FY 2023 earnings guidance on Wednesday, March, 15th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $365.00 million-$385.00 million, compared to the consensus revenue estimate of $359.79 million.

Ranpak trades on the New York Stock Exchange (NYSE) under the ticker symbol "PACK."

Ranpak's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (4.16%), Ameriprise Financial Inc. (3.75%), Westfield Capital Management Co. LP (3.38%), ArrowMark Colorado Holdings LLC (3.33%), abrdn plc (3.24%) and Thrivent Financial for Lutherans (2.87%). Insiders that own company stock include Alicia M Tranen, Antonio Grassotti, Eric Laurensse, Kurt Zumwalt, Michael Anthony Jones, Omar Asali, Pamela K El, Steve A Kovach, Thomas F Corley and William Drew.
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Shares of PACK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PACK stock can currently be purchased for approximately $3.35.

Ranpak (NYSE:PACK) has a market capitalization of $276.07 million and generates $326.50 million in revenue each year. The company earns $-41,400,000.00 in net income (profit) each year or ($0.49) on an earnings per share basis.

The company employs 875 workers across the globe.

Ranpak's mailing address is 7990 AUBURN ROAD, CONCORD OH, 44077. The official website for the company is www.ranpak.com. The company can be reached via phone at (440) 354-4445 or via email at ir@ranpak.com.