Ranpak - PACK Stock Forecast, Price & News

2 Wall Street 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 analysts is that investors should "buy" PACK shares.
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2 Wall Street analysts have issued 12 month target prices for Ranpak's shares. Their PACK share price forecasts range from $5.25 to $19.00. On average, they expect the company's stock price to reach $10.42 in the next year. This suggests a possible upside of 101.5% from the stock's current price.
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Ranpak's stock was trading at $5.77 at the start of the year. Since then, PACK shares have decreased by 10.4% and is now trading at $5.17.
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The company is scheduled to release its next quarterly earnings announcement on Friday, May 5th 2023.
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Ranpak Holdings Corp. (NYSE:PACK) issued its quarterly earnings results on Wednesday, March, 15th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by $0.03. The firm earned $79.40 million during the quarter, compared to the consensus estimate of $88.64 million. Ranpak had a negative trailing twelve-month return on equity of 6.67% and a negative net margin of 12.68%. The firm's quarterly revenue was down 27.4% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.02) earnings per share.

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 many different retail and institutional investors. Top institutional shareholders include ArrowMark Colorado Holdings LLC (3.96%), abrdn plc (3.57%), Thrivent Financial for Lutherans (2.73%), Amundi (1.81%), G2 Investment Partners Management LLC (1.00%) and Geode Capital Management LLC (0.93%). 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 $5.17.

Ranpak (NYSE:PACK) has a market capitalization of $423.99 million and generates $326.50 million in revenue each year. The company earns $-41,400,000.00 in net income (profit) each year or ($0.51) 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.