Ranpak Holdings (PACK) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Here is how Ranpak Holdings Corp (PACK) and Tennant (TNC) have performed compared to their sector so far this year.
The consensus price target hints at a 27.1% upside potential for Ranpak Holdings (PACK). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
| Containers & Packaging Industry | Materials Sector | Omar Marwan Asali CEO | XSTU Exchange | US75321W1036 ISIN |
| US Country | 800 Employees | - Last Dividend | - Last Split | 3 Jun 2019 IPO Date |
Ranpak Holdings Corp., established in 1972 and headquartered in Concord Township, Ohio, engages in providing product protection solutions and end-of-line automation solutions catering to the e-commerce and industrial supply chains across North America, Europe, and Asia. Through its comprehensive range of services, the company emphasizes sustainability and efficiency in packaging, addressing the dynamic needs of a diverse client base. Ranpak operates with a strategic focus on innovating protective packaging solutions and automation processes to enhance product safety and customer satisfaction in the logistics and supply chain management sectors.
Protective Packaging Solutions:
End-of-Line Packaging Automation Products:
Ranpak markets its solutions primarily through a broad distributor network, alongside direct sales to select end-users, ensuring wide accessibility and customization based on specific industry requirements.