Ranpak (NYSE:PACK – Get Rating) had its price target trimmed by Robert W. Baird from $10.00 to $7.00 in a research note published on Thursday, The Fly reports. The firm currently has an outperform rating on the stock.
Ranpak Stock Performance
PACK stock opened at $5.04 on Thursday. Ranpak has a 52 week low of $2.90 and a 52 week high of $23.88. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.54 and a quick ratio of 2.85. The firm has a 50-day simple moving average of $6.63 and a 200-day simple moving average of $5.44.
Ranpak (NYSE:PACK – Get Rating) last posted its quarterly earnings data on Wednesday, March 15th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.03). Ranpak had a negative return on equity of 6.67% and a negative net margin of 12.68%. The firm had revenue of $79.40 million during the quarter, compared to analyst estimates of $88.64 million. During the same quarter in the previous year, the firm posted ($0.02) earnings per share. The company’s quarterly revenue was down 27.4% on a year-over-year basis.
Institutional Inflows and Outflows
Ranpak Company Profile
Ranpak Holdings Corp. engages in the provision of product protection solutions for e-commerce and industrial supply chains in North America, Europe, and Asia. It also offers protective packaging solutions, such as Void-Fill protective systems that convert paper to fill empty spaces in secondary packages, Cushioning protective systems, which convert paper into cushioning pads, 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, Cold Chain, Box Lining, and Retail.
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