▲ +21.83% Upside Potential
This price target is based on 2 analysts offering 12 month price targets for Ranpak in the last 3 months. The average price target is $24.00, with a high forecast of $24.00 and a low forecast of $24.00. The average price target represents a 21.83% upside from the last price of $19.70.
The current consensus among 2 investment analysts is to buy stock in Ranpak.
Ranpak Holdings Corp., together with its subsidiaries, provide product protection solutions for e-commerce and industrial supply chains in North America, Europe, and Asia. The company manufactures and assembles proprietary protective systems that convert kraft paper into a range of packaging and cushioning products to address its customers' needs. It also offers protective packaging solutions, such as void-fill protective systems that convert paper to fill empty spaces in secondary packages and protect objects; 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. The company's products also include line automation solutions, which comprise capital equipment that can size, pad, fill, flap, lid, tape, and/or label the product in an integrated fashion with the speed and flow of the customer's packaging line. It sells its products to end users primarily through a distributor network, and directly to select end users. Ranpak Holdings Corp. was founded in 1972 and is headquartered in Concord Township, Ohio.