Ranpak (NYSE:PACK) Given New $8.00 Price Target at Robert W. Baird

Ranpak (NYSE:PACK) had its target price upped 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 upped their price objective on Ranpak from $8.00 to $10.00 and gave the stock a buy rating in a research report on Monday, April 1st.

Ranpak Trading Up 2.6 %

NYSE:PACK traded up $0.17 on Friday, reaching $6.73. The company’s stock had a trading volume of 437,328 shares, compared to its average volume of 459,137. Ranpak has a 1-year low of $2.63 and a 1-year high of $8.29. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.24 and a current ratio of 2.60. The firm has a market cap of $556.03 million, a PE ratio of -24.03 and a beta of 2.31. The business’s 50-day moving average price is $6.79 and its two-hundred day moving average price is $5.22.

Ranpak (NYSE:PACK) last posted its earnings results on Thursday, May 2nd. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.04). Ranpak had a negative net margin of 6.70% and a negative return on equity of 3.93%. The business had revenue of $85.30 million during the quarter, compared to analyst estimates of $85.50 million. Ranpak’s revenue for the quarter was up 5.0% compared to the same quarter last year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of PACK. Roubaix Capital LLC raised its holdings in Ranpak by 1.0% during the third quarter. Roubaix Capital LLC now owns 423,662 shares of the company’s stock worth $2,305,000 after acquiring an additional 4,043 shares in the last quarter. SG Americas Securities LLC raised its holdings in Ranpak by 38.2% during the fourth quarter. SG Americas Securities LLC now owns 27,079 shares of the company’s stock worth $158,000 after acquiring an additional 7,488 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Ranpak by 397.6% during the fourth 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 in the last quarter. Group One Trading L.P. bought a new stake in Ranpak during the third quarter worth about $54,000. Finally, Simplex Trading LLC raised its holdings in Ranpak by 827.6% during the third quarter. Simplex Trading LLC now owns 11,827 shares of the company’s stock worth $64,000 after acquiring an additional 10,552 shares in the last quarter. 85.94% of the stock is 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.