Reynolds Consumer Products (NASDAQ:REYN) PT Raised to $29.00

Reynolds Consumer Products (NASDAQ:REYNGet Free Report) had its target price lifted by Barclays from $28.00 to $29.00 in a report released on Friday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s target price would suggest a potential downside of 1.23% from the stock’s current price.

Several other research firms also recently issued reports on REYN. Canaccord Genuity Group upped their target price on Reynolds Consumer Products from $29.00 to $30.00 and gave the company a “hold” rating in a research report on Thursday. JPMorgan Chase & Co. raised their price objective on Reynolds Consumer Products from $29.00 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, February 8th. Stifel Nicolaus reiterated a “hold” rating and issued a $30.00 target price on shares of Reynolds Consumer Products in a research report on Wednesday, March 20th. TheStreet raised shares of Reynolds Consumer Products from a “c+” rating to a “b-” rating in a research report on Thursday, February 1st. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $31.00 price objective on shares of Reynolds Consumer Products in a report on Wednesday, March 20th. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $30.00.

View Our Latest Stock Analysis on Reynolds Consumer Products

Reynolds Consumer Products Stock Up 0.3 %

Reynolds Consumer Products stock opened at $29.36 on Friday. Reynolds Consumer Products has a twelve month low of $24.80 and a twelve month high of $30.54. The business has a fifty day moving average of $28.57 and a two-hundred day moving average of $27.61. The firm has a market cap of $6.17 billion, a P/E ratio of 18.70 and a beta of 0.48. The company has a quick ratio of 1.08, a current ratio of 2.11 and a debt-to-equity ratio of 0.92.

Reynolds Consumer Products (NASDAQ:REYNGet Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. The firm had revenue of $833.00 million for the quarter, compared to the consensus estimate of $814.92 million. Reynolds Consumer Products had a net margin of 8.88% and a return on equity of 17.09%. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.08 earnings per share. On average, analysts forecast that Reynolds Consumer Products will post 1.67 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Reynolds Consumer Products

A number of institutional investors have recently modified their holdings of the business. FMR LLC raised its stake 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 period. Ceredex Value Advisors LLC acquired a new position in Reynolds Consumer Products during the fourth quarter worth $8,408,000. KLCM Advisors Inc. raised its position in Reynolds Consumer Products by 112.6% during the fourth quarter. KLCM Advisors Inc. now owns 522,891 shares of the company’s stock worth $14,034,000 after acquiring an additional 276,898 shares during the period. Norges Bank purchased a new position in Reynolds Consumer Products during the fourth quarter valued at $6,924,000. Finally, Dimensional Fund Advisors LP grew its position in shares of Reynolds Consumer Products by 23.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,157,528 shares of the company’s stock valued at $31,069,000 after purchasing an additional 218,864 shares during the period. 26.81% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Reynolds Consumer Products (NASDAQ:REYN)

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