Reynolds Consumer Products (NASDAQ:REYN) Stock Price Expected to Rise, UBS Group Analyst Says

Reynolds Consumer Products (NASDAQ:REYN – Get Free Report) had its price target raised by equities researchers at UBS Group from $24.00 to $27.00 in a report issued on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group‘s target price suggests a potential upside of 10.07% from the stock’s previous close.

REYN has been the topic of a number of other reports. Piper Sandler upgraded Reynolds Consumer Products to an “overweight” rating in a research note on Thursday, July 30th. Barclays dropped their price objective on shares of Reynolds Consumer Products from $26.00 to $23.00 and set an “equal weight” rating on the stock in a report on Thursday, October 15th. JPMorgan Chase & Co. lifted their price objective on shares of Reynolds Consumer Products from $23.00 to $27.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Canaccord Genuity Group boosted their target price on shares of 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, Weiss Ratings restated a “hold (c)” rating on shares of Reynolds Consumer Products in a research report on Friday, September 25th. One equities research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $25.20.

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Reynolds Consumer Products Stock Performance

REYN stock traded down $0.60 during midday trading on Thursday, reaching $24.53. The company had a trading volume of 1,742,392 shares, compared to its average volume of 1,208,109. The company has a quick ratio of 0.71, a current ratio of 1.80 and a debt-to-equity ratio of 0.66. The stock has a 50 day moving average price of $22.59 and a 200 day moving average price of $23.23. Reynolds Consumer Products has a fifty-two week low of $20.44 and a fifty-two week high of $27.32. The firm has a market capitalization of $5.17 billion, a PE ratio of 14.96 and a beta of 0.56.

Reynolds Consumer Products (NASDAQ:REYN – Get Free Report) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The business had revenue of $944.00 million for the quarter, compared to analysts’ expectations of $939.23 million. Reynolds Consumer Products had a return on equity of 16.03% and a net margin of 9.11%. The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.42 EPS. Analysts anticipate that Reynolds Consumer Products will post 1.60 earnings per share for the current year.

Institutional Investors Weigh In On Reynolds Consumer Products

Several hedge funds have recently modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Reynolds Consumer Products during the second quarter valued at about $31,000. Global Retirement Partners LLC acquired a new position in shares of Reynolds Consumer Products in the second quarter worth $34,000. Signaturefd LLC raised its stake in shares of Reynolds Consumer Products by 120.3% during the 3rd quarter. Signaturefd LLC now owns 1,776 shares of the company’s stock worth $38,000 after purchasing an additional 970 shares in the last quarter. Allworth Financial LP bought a new position in Reynolds Consumer Products during the second quarter valued at approximately $39,000. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of Reynolds Consumer Products by 119.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,794 shares of the company’s stock valued at $41,000 after purchasing an additional 978 shares during the last quarter. 26.81% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Reynolds Consumer Products

Here are the key news stories impacting Reynolds Consumer Products this week:

Reynolds Consumer Products Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Reynolds Consumer Products (NASDAQ:REYN)

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