Ranpak (NYSE:PACK – Get Free Report) will likely be releasing its earnings data before the market opens on Thursday, March 6th. Analysts expect Ranpak to post earnings of ($0.01) per share and revenue of $100.41 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.
Ranpak Stock Performance
Shares of NYSE:PACK opened at $6.70 on Friday. The company’s 50 day moving average price is $6.95 and its two-hundred day moving average price is $6.85. Ranpak has a 12-month low of $4.30 and a 12-month high of $9.04. The firm has a market cap of $557.41 million, a PE ratio of -27.90 and a beta of 2.40. The company has a quick ratio of 2.01, a current ratio of 2.36 and a debt-to-equity ratio of 0.71.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on PACK. Cantor Fitzgerald began coverage on shares of Ranpak in a research report on Thursday, December 19th. They set an “overweight” rating and a $11.50 target price on the stock. Robert W. Baird reduced their price target on shares of Ranpak from $10.00 to $7.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st.
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.
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