Reynolds Consumer Products (NASDAQ:REYN) Price Target Raised to $25.00

Key Points

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Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) had its price objective increased by equities researchers at UBS Group from $23.00 to $25.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. UBS Group's price objective would indicate a potential upside of 9.80% from the stock's previous close.

Other equities analysts have also issued reports about the stock. Canaccord Genuity Group lowered their price objective on shares of Reynolds Consumer Products from $27.00 to $26.00 and set a "hold" rating on the stock in a research report on Thursday, May 1st. Stifel Nicolaus cut their price target on Reynolds Consumer Products from $31.00 to $27.00 and set a "hold" rating for the company in a research note on Thursday, April 10th. Truist Financial cut their price target on Reynolds Consumer Products from $35.00 to $30.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. JPMorgan Chase & Co. dropped their price objective on Reynolds Consumer Products from $26.00 to $24.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Finally, Wall Street Zen upgraded Reynolds Consumer Products from a "sell" rating to a "hold" rating in a report on Friday, May 30th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $27.89.

Reynolds Consumer Products Stock Performance

Shares of REYN stock traded up $0.11 during trading hours on Thursday, hitting $22.77. The stock had a trading volume of 162,606 shares, compared to its average volume of 954,162. The firm has a market capitalization of $4.79 billion, a PE ratio of 14.23 and a beta of 0.57. Reynolds Consumer Products has a twelve month low of $20.91 and a twelve month high of $32.65. The stock's 50 day moving average is $21.75 and its 200 day moving average is $23.47. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.80 and a quick ratio of 0.72.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.01. Reynolds Consumer Products had a net margin of 9.11% and a return on equity of 16.87%. The firm had revenue of $938.00 million for the quarter, compared to analyst estimates of $899.05 million. During the same period last year, the firm posted $0.46 EPS. Reynolds Consumer Products's quarterly revenue was up .9% on a year-over-year basis. As a group, research analysts forecast that Reynolds Consumer Products will post 1.66 earnings per share for the current fiscal year.

Insider Activity at Reynolds Consumer Products

In other Reynolds Consumer Products news, CAO Chris Mayrhofer bought 18,218 shares of the business's stock in a transaction on Thursday, May 29th. The shares were bought at an average cost of $22.14 per share, with a total value of $403,346.52. Following the transaction, the chief accounting officer directly owned 18,218 shares in the company, valued at approximately $403,346.52. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Rolf Stangl purchased 4,500 shares of the company's stock in a transaction that occurred on Friday, June 20th. The shares were purchased at an average cost of $21.24 per share, for a total transaction of $95,580.00. Following the completion of the transaction, the director owned 30,889 shares in the company, valued at approximately $656,082.36. This represents a 17.05% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 34,766 shares of company stock worth $765,632 over the last three months. 0.15% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Reynolds Consumer Products

Several institutional investors and hedge funds have recently made changes to their positions in REYN. Norges Bank acquired a new stake in shares of Reynolds Consumer Products during the 4th quarter valued at approximately $17,964,000. Dimensional Fund Advisors LP raised its position in shares of Reynolds Consumer Products by 13.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,356,040 shares of the company's stock valued at $63,586,000 after acquiring an additional 275,601 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Reynolds Consumer Products during the 1st quarter valued at approximately $4,522,000. Jacobs Levy Equity Management Inc. raised its position in shares of Reynolds Consumer Products by 141.4% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 314,756 shares of the company's stock valued at $7,510,000 after acquiring an additional 184,359 shares in the last quarter. Finally, Ceredex Value Advisors LLC grew its stake in Reynolds Consumer Products by 58.1% during the 4th quarter. Ceredex Value Advisors LLC now owns 468,360 shares of the company's stock worth $12,641,000 after buying an additional 172,136 shares during the last quarter. 26.81% of the stock is owned by institutional investors and hedge funds.

Reynolds Consumer Products Company Profile

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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