Ranpak (NYSE:PACK) Trading Up 7.2% – Should You Buy?

Ranpak Holdings Corp (NYSE:PACK)’s stock price was up 7.2% during trading on Monday . The stock traded as high as $6.00 and last traded at $6.0150. Approximately 211,057 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 512,987 shares. The stock had previously closed at $5.61.

Analyst Ratings Changes

Several equities research analysts have recently commented on PACK shares. Cantor Fitzgerald restated an “overweight” rating on shares of Ranpak in a research note on Friday, March 6th. UBS Group restated an “overweight” rating on shares of Ranpak in a research note on Friday, March 6th. Craig Hallum reduced their price objective on Ranpak from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, March 6th. Wall Street Zen upgraded Ranpak from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Ranpak in a research note on Tuesday, April 21st. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Ranpak presently has a consensus rating of “Hold” and an average target price of $6.83.

Ranpak Price Performance

The company has a current ratio of 1.73, a quick ratio of 1.32 and a debt-to-equity ratio of 0.76. The firm has a market cap of $529.08 million, a PE ratio of -14.19 and a beta of 3.06. The stock has a 50 day simple moving average of $4.07 and a 200-day simple moving average of $4.91.

Ranpak (NYSE:PACK) last issued its quarterly earnings results on Thursday, April 30th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.01). Ranpak had a negative return on equity of 7.04% and a negative net margin of 9.28%.The business had revenue of $101.20 million during the quarter, compared to analysts’ expectations of $91.59 million. Equities analysts anticipate that Ranpak Holdings Corp will post -0.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ranpak

A number of institutional investors have recently bought and sold shares of the business. Rhumbline Advisers increased its stake in Ranpak by 2.9% in the 3rd quarter. Rhumbline Advisers now owns 70,261 shares of the company’s stock worth $395,000 after buying an additional 2,008 shares in the last quarter. Bank of America Corp DE grew its position in shares of Ranpak by 7.4% during the third quarter. Bank of America Corp DE now owns 35,583 shares of the company’s stock valued at $200,000 after purchasing an additional 2,452 shares in the last quarter. Deutsche Bank AG grew its position in shares of Ranpak by 8.0% during the fourth quarter. Deutsche Bank AG now owns 35,834 shares of the company’s stock valued at $194,000 after purchasing an additional 2,647 shares in the last quarter. Gamco Investors INC. ET AL grew its position in shares of Ranpak by 27.9% during the second quarter. Gamco Investors INC. ET AL now owns 14,000 shares of the company’s stock valued at $50,000 after purchasing an additional 3,050 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Ranpak by 20.7% during the second quarter. The Manufacturers Life Insurance Company now owns 19,647 shares of the company’s stock valued at $70,000 after purchasing an additional 3,364 shares in the last quarter. Hedge funds and other institutional investors own 85.94% of the company’s stock.

Ranpak Company Profile

Ranpak Holdings Corp. (NYSE: PACK) is a leading provider of sustainable, paper-based packaging solutions designed to protect products during transit. The company’s core business centers on the design, manufacture and distribution of automated systems and consumable paper packaging materials that offer an eco-friendly alternative to plastic-based void-fill and protective packaging. Ranpak’s solutions include crumpled paper fillers, paper wrap systems and tailored automation equipment that serve diverse end markets such as e-commerce, industrial parts, electronics and retail.

Founded in 1972 and headquartered in Concord Township, Ohio, Ranpak has built a global presence by combining innovation in paper converting technology with a commitment to sustainability.