Ranpak (NYSE:PACK) PT Raised to $8.00 at Robert W. Baird

Ranpak (NYSE:PACK) had its price target lifted by Robert W. Baird from $7.00 to $8.00 in a research report sent to investors on Friday morning, Benzinga reports. They currently have an outperform rating on the stock.

Separately, Craig Hallum lifted their price target on shares of Ranpak from $8.00 to $10.00 and gave the company a buy rating in a report on Monday, April 1st.

Ranpak Price Performance

Shares of NYSE:PACK opened at $6.78 on Friday. The firm has a 50 day moving average of $6.79 and a 200-day moving average of $5.23. The stock has a market capitalization of $560.16 million, a PE ratio of -24.21 and a beta of 2.31. The company has a current ratio of 2.44, a quick ratio of 2.06 and a debt-to-equity ratio of 0.70. Ranpak has a 12 month low of $2.63 and a 12 month high of $8.29.

Ranpak (NYSE:PACK) last issued its earnings results on Thursday, May 2nd. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.04). The firm had revenue of $85.30 million during the quarter, compared to analyst estimates of $85.50 million. Ranpak had a negative net margin of 6.70% and a negative return on equity of 3.97%. The business’s revenue was up 5.0% on a year-over-year basis.

Institutional Investors Weigh In On Ranpak

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Group One Trading L.P. bought a new stake in shares of Ranpak during the 3rd quarter valued at approximately $54,000. Tower Research Capital LLC TRC grew its holdings in Ranpak by 397.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,500 shares of the company’s stock worth $61,000 after acquiring an additional 8,390 shares during the last quarter. Simplex Trading LLC grew its holdings in Ranpak by 827.6% during the 3rd quarter. Simplex Trading LLC now owns 11,827 shares of the company’s stock worth $64,000 after acquiring an additional 10,552 shares during the last quarter. SG Americas Securities LLC bought a new stake in Ranpak during the 3rd quarter worth approximately $107,000. Finally, BNP Paribas Financial Markets grew its holdings in Ranpak by 227.0% during the 1st quarter. BNP Paribas Financial Markets now owns 37,996 shares of the company’s stock worth $299,000 after acquiring an additional 26,377 shares during the last quarter. 85.94% of the stock is owned by institutional investors.

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.