Reynolds Consumer Products (NASDAQ:REYN) Stock Gets Price Target Bump from UBS Group

Reynolds Consumer Products (NASDAQ:REYN) had its price objective lifted by equities research analysts at UBS Group from $24.00 to $27.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group‘s target price indicates a potential upside of 11.99% from the stock’s current price.

Several other equities analysts also recently commented on REYN. Piper Sandler raised shares of Reynolds Consumer Products to an “overweight” rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. boosted their target price on shares of Reynolds Consumer Products from $23.00 to $27.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Reynolds Consumer Products in a report on Friday, September 25th. Canaccord Genuity Group increased their price target on Reynolds Consumer Products from $24.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday, July 30th. Finally, Barclays dropped their price target on Reynolds Consumer Products from $26.00 to $23.00 and set an “equal weight” rating for the company in a research note on Thursday, October 15th. One research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $25.20.

Reynolds Consumer Products Price Performance

NASDAQ REYN traded down $0.42 on Thursday, hitting $24.11. 1,650,887 shares of the company’s stock were exchanged, compared to its average volume of 1,084,907. The stock has a 50-day moving average of $22.59 and a 200-day moving average of $23.23. The company has a current ratio of 1.80, a quick ratio of 0.71 and a debt-to-equity ratio of 0.66. Reynolds Consumer Products has a 52 week low of $20.44 and a 52 week high of $27.32. The stock has a market cap of $5.08 billion, a price-to-earnings ratio of 15.76 and a beta of 0.56.

Reynolds Consumer Products (NASDAQ:REYN) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. The business had revenue of $944.00 million for the quarter, compared to analyst estimates of $939.23 million. Reynolds Consumer Products had a return on equity of 16.03% and a net margin of 9.11%. Reynolds Consumer Products’s revenue was up 1.4% compared to the same quarter last year. During the same period last year, the firm posted $0.42 earnings per share. Analysts expect that Reynolds Consumer Products will post 1.60 earnings per share for the current year.

Institutional Trading of Reynolds Consumer Products

Several institutional investors have recently modified their holdings of REYN. Maryland State Retirement & Pension System raised its position in Reynolds Consumer Products by 41.1% during the 3rd quarter. Maryland State Retirement & Pension System now owns 14,741 shares of the company’s stock worth $319,000 after purchasing an additional 4,295 shares during the last quarter. Illinois Municipal Retirement Fund grew its position in shares of Reynolds Consumer Products by 17.3% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 29,575 shares of the company’s stock valued at $639,000 after buying an additional 4,372 shares during the last quarter. Kestra Investment Management LLC increased its stake in shares of Reynolds Consumer Products by 13.1% in the third quarter. Kestra Investment Management LLC now owns 11,270 shares of the company’s stock valued at $244,000 after buying an additional 1,307 shares during the period. Parallel Advisors LLC increased its stake in shares of Reynolds Consumer Products by 31.7% in the third quarter. Parallel Advisors LLC now owns 2,291 shares of the company’s stock valued at $50,000 after buying an additional 552 shares during the period. Finally, Guidance Capital Inc. raised its position in shares of Reynolds Consumer Products by 2.3% during the third quarter. Guidance Capital Inc. now owns 29,963 shares of the company’s stock worth $648,000 after acquiring an additional 677 shares during the last quarter. Institutional investors own 26.81% of the company’s stock.

Reynolds Consumer Products Company Profile

Reynolds Consumer Products Inc (NASDAQ:REYN) manufactures and markets household products used for food preparation, storage, cleanup and waste management. Its portfolio includes aluminum foil, parchment paper, plastic wrap, disposable cookware, trash bags, food-storage bags and other everyday consumer products.

The company sells products under well-known brands including Reynolds and Reynolds Kitchens, Hefty, Presto, Diamond and Fresh. Its offerings are distributed through grocery stores, mass merchants, club stores, e-commerce channels and other retail outlets, as well as through foodservice and other commercial customers.

Reynolds Consumer Products serves consumers primarily in the United States and Canada.