Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) had its price objective hoisted by equities researchers at Barclays from $27.00 to $28.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Barclays's target price indicates a potential downside of 0.92% from the company's previous close.
Other analysts have also issued research reports about the company. JPMorgan Chase & Co. increased their price objective on Reynolds Consumer Products from $29.00 to $30.00 and gave the company a "neutral" rating in a report on Thursday, February 8th. Royal Bank of Canada reiterated a "sector perform" rating and set a $31.00 price objective on shares of Reynolds Consumer Products in a report on Wednesday, March 20th. Stifel Nicolaus reissued a "hold" rating and issued a $30.00 target price on shares of Reynolds Consumer Products in a research report on Wednesday, March 20th. Finally, TheStreet raised Reynolds Consumer Products from a "c+" rating to a "b-" rating in a research report on Thursday, February 1st. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Reynolds Consumer Products currently has a consensus rating of "Hold" and an average price target of $29.80.
View Our Latest Stock Analysis on REYN
Reynolds Consumer Products Stock Down 1.7 %
Reynolds Consumer Products stock traded down $0.50 during mid-day trading on Friday, reaching $28.26. 477,518 shares of the company were exchanged, compared to its average volume of 601,276. The business has a fifty day moving average of $28.70 and a 200 day moving average of $27.18. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.08 and a current ratio of 2.18. The firm has a market cap of $5.94 billion, a P/E ratio of 20.04 and a beta of 0.49. Reynolds Consumer Products has a 12-month low of $24.80 and a 12-month high of $30.54.
Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last posted its earnings results on Wednesday, February 7th. The company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.03. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.01 billion. Reynolds Consumer Products had a return on equity of 15.77% and a net margin of 7.98%. Reynolds Consumer Products's revenue was down 7.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.53 earnings per share. Research analysts anticipate that Reynolds Consumer Products will post 1.61 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Reynolds Consumer Products
Several hedge funds have recently modified their holdings of REYN. Olstein Capital Management L.P. lifted its stake in Reynolds Consumer Products by 7.0% in the 3rd quarter. Olstein Capital Management L.P. now owns 337,000 shares of the company's stock valued at $8,637,000 after buying an additional 22,000 shares in the last quarter. Comerica Bank acquired a new stake in shares of Reynolds Consumer Products during the 2nd quarter worth approximately $3,777,000. FMR LLC increased its holdings in shares of Reynolds Consumer Products by 7.4% during the 3rd quarter. FMR LLC now owns 6,454,619 shares of the company's stock worth $165,432,000 after buying an additional 442,654 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Reynolds Consumer Products by 840.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 131,324 shares of the company's stock worth $3,366,000 after buying an additional 117,364 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of Reynolds Consumer Products by 2.3% during the 3rd quarter. Barclays PLC now owns 27,586 shares of the company's stock worth $707,000 after buying an additional 632 shares during the last quarter. 26.81% of the stock is owned by hedge funds and other institutional investors.
Reynolds Consumer Products Company Profile
(
Get Free Report)
Reynolds Consumer Products Inc produces and sells products in cooking, waste and storage, and tableware product categories in the United States and internationally. It operates through four segments: Reynolds Cooking & Baking, Hefty Waste & Storage, Hefty Tableware, and Presto Products. The Reynolds Cooking & Baking segment produces aluminum foil, disposable aluminum pans, parchment paper, freezer paper, wax paper, butcher paper, plastic wrap, baking cups, oven bags, and slow cooker liners under the Reynolds Wrap, Reynolds KITCHENS, and EZ Foil brands in the United States, as well as under the ALCAN brand in Canada and under the Diamond brand internationally.
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