Robert W. Baird Lowers Ranpak (NYSE:PACK) Price Target to $5.00

Ranpak (NYSE:PACK) had its price objective cut by analysts at Robert W. Baird from $7.00 to $5.00 in a research note issued on Wednesday, Marketbeat.com reports. The brokerage currently has a “neutral” rating on the stock. Robert W. Baird’s target price indicates a potential upside of 49.08% from the stock’s current price.

Separately, Cantor Fitzgerald dropped their target price on shares of Ranpak from $11.50 to $6.00 and set an “overweight” rating on the stock in a research report on Wednesday.

Ranpak Trading Up 10.0 %

Shares of NYSE:PACK opened at $3.35 on Wednesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.01 and a current ratio of 2.36. The stock has a market capitalization of $280.43 million, a price-to-earnings ratio of -13.98 and a beta of 2.79. Ranpak has a 1-year low of $2.91 and a 1-year high of $9.04. The company has a 50 day moving average price of $4.71 and a 200 day moving average price of $6.22.

Ranpak (NYSE:PACK) last issued its earnings results on Tuesday, May 6th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.09). Ranpak had a negative return on equity of 3.54% and a negative net margin of 5.64%. The company had revenue of $91.20 million during the quarter, compared to analyst estimates of $90.56 million. During the same quarter in the previous year, the firm earned ($0.10) earnings per share. The business’s revenue was up 6.9% compared to the same quarter last year. On average, research analysts anticipate that Ranpak will post -0.2 EPS for the current fiscal year.

Institutional Trading of Ranpak

Several institutional investors have recently made changes to their positions in the stock. ArrowMark Colorado Holdings LLC lifted its position in Ranpak by 3.4% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 3,125,019 shares of the company’s stock worth $21,500,000 after buying an additional 102,804 shares in the last quarter. G2 Investment Partners Management LLC boosted its position in Ranpak by 28.7% during the fourth quarter. G2 Investment Partners Management LLC now owns 3,070,511 shares of the company’s stock valued at $21,125,000 after purchasing an additional 683,851 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Ranpak by 8.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,569,282 shares of the company’s stock worth $17,677,000 after purchasing an additional 198,973 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Ranpak by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 2,543,196 shares of the company’s stock worth $17,497,000 after purchasing an additional 49,102 shares in the last quarter. Finally, Meros Investment Management LP lifted its holdings in shares of Ranpak by 1.8% during the 4th quarter. Meros Investment Management LP now owns 956,225 shares of the company’s stock valued at $6,579,000 after buying an additional 16,834 shares during the last quarter. 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.