Ranpak Holdings Corp. (NYSE:PACK) shares traded 15.11% higher at $5.41 on Wall Street last session.
In accordance with the data, 3 analysts cover Ranpak Holdings Corp. (NYSE:PACK). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $10.00 and a low of $5.00, we find $7.00. Given the previous closing price of $4.70, this indicates a potential upside of 48.94 percent. PACK stock price is now -18.41% away from the 50-day moving average and -10.26% away from the 200-day moving average. The market capitalization of the company currently stands at $483.38M.
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It has been rated a hold by 1 analysts and a buy by 1. Brokers who have rated the stock have averaged $7.33 as their price target over the next twelve months.
With the price target of $32, Goldman recently initiated with Neutral rating for Ranpak Holdings Corp. (NYSE: PACK). On August 10, 2021, Robert W. Baird recently initiated its ‘Outperform’ rating on the stock quoting a target price of $30, while ‘Berenberg’ rates the stock as ‘Buy’.
In other news, Tranen Alicia M., Director bought 15,100 shares of the company’s stock on Nov 17. The stock was bought for $82,446 at an average price of $5.46. Upon completion of the transaction, the Director now directly owns 158,788 shares in the company, valued at $0.86 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 17, Director Tranen Alicia M. bought 10,000 shares of the business’s stock. A total of $56,350 was incurred on buying the stock at an average price of $5.63. This leaves the insider owning 40,000 shares of the company worth $0.22 million. Insiders disposed of 243,316 shares of company stock worth roughly $1.32 million over the past 1 year. A total of 4.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PACK stock. A new stake in Ranpak Holdings Corp. shares was purchased by FRONTIER CAPITAL MANAGEMENT CO LLC during the first quarter worth $2,757,000. KENNEDY CAPITAL MANAGEMENT LLC invested $644,000 in shares of PACK during the first quarter. In the first quarter, BOSTON PARTNERS acquired a new stake in Ranpak Holdings Corp. valued at approximately $435,000. MANATUCK HILL PARTNERS, LLC acquired a new stake in PACK for approximately $271,000. QUENT CAPITAL, LLC purchased a new stake in PACK valued at around $170,000 in the second quarter. In total, there are 185 active investors with 97.40% ownership of the company’s stock.
Ranpak Holdings Corp. (NYSE: PACK) opened at $4.49 on Wednesday. During the past 12 months, Ranpak Holdings Corp. has had a low of $2.90 and a high of $23.88. As of last week, the company has a debt-to-equity ratio of 0.62, a current ratio of 3.50, and a quick ratio of 2.80. The fifty day moving average price for PACK is $6.62 and a two-hundred day moving average price translates $5.99 for the stock.
The latest earnings results from Ranpak Holdings Corp. (NYSE: PACK) was released for Sep, 2022. According to the Packaging & Containers Company, earnings per share came in at -$0.1, beating analysts’ expectations of -$0.15 by 0.05. This compares to -$0.02 EPS in the same period last year. The net profit margin was -10.30% and return on equity was -5.90% for PACK. The company reported revenue of $77.8 million for the quarter, compared to $97.1 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -19.88 percent. For the current quarter, analysts expect PACK to generate $90.48M in revenue.
Ranpak Holdings Corp.(PACK) Company Profile
Ranpak Holdings Corp., together with its subsidiaries, provide product protection 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. The company’s products also include line automation products, which help end users automate the void filling and box closure processes after product packing is complete. It sells its products to end users primarily through a distributor network, and directly to select end users. Ranpak Holdings Corp. was founded in 1972 and is headquartered in Concord Township, Ohio.
