Stifel Nicolaus Lowers Reynolds Consumer Products (NASDAQ:REYN) Price Target to $31.00

Reynolds Consumer Products (NASDAQ:REYN) had its target price lowered by research analysts at Stifel Nicolaus from $32.00 to $31.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 24.15% from the company’s current price.

Other analysts also recently issued reports about the stock. JPMorgan Chase & Co. reduced their price target on shares of Reynolds Consumer Products from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Barclays decreased their target price on Reynolds Consumer Products from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Thursday. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $32.00 price target on shares of Reynolds Consumer Products in a report on Monday, February 3rd. UBS Group reduced their price objective on Reynolds Consumer Products from $30.00 to $29.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Finally, Evercore ISI lowered their price objective on Reynolds Consumer Products from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Thursday. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $30.38.

Reynolds Consumer Products Trading Up 0.6 %

Reynolds Consumer Products stock opened at $24.97 on Thursday. Reynolds Consumer Products has a 52 week low of $24.79 and a 52 week high of $32.65. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 2.04. The firm has a market capitalization of $5.25 billion, a PE ratio of 14.27 and a beta of 0.50. The business’s 50-day simple moving average is $27.26 and its 200-day simple moving average is $28.78.

Reynolds Consumer Products (NASDAQ:REYN) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.58 EPS for the quarter, hitting the consensus estimate of $0.58. Reynolds Consumer Products had a return on equity of 18.27% and a net margin of 10.03%. Equities research analysts forecast that Reynolds Consumer Products will post 1.69 earnings per share for the current year.

Insiders Place Their Bets

In other Reynolds Consumer Products news, Director Helen Golding purchased 1,190 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were acquired at an average cost of $27.58 per share, for a total transaction of $32,820.20. Following the transaction, the director now directly owns 1,190 shares in the company, valued at approximately $32,820.20. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Rolf Stangl purchased 3,682 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The shares were acquired at an average cost of $27.50 per share, with a total value of $101,255.00. Following the completion of the acquisition, the director now directly owns 10,889 shares in the company, valued at approximately $299,447.50. This represents a 51.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.20% of the company’s stock.

Institutional Trading of Reynolds Consumer Products

Several large investors have recently made changes to their positions in the business. Verition Fund Management LLC acquired a new position in Reynolds Consumer Products during the 3rd quarter worth about $12,844,000. Beacon Harbor Wealth Advisors Inc. bought a new position in shares of Reynolds Consumer Products in the third quarter worth about $5,731,000. Allspring Global Investments Holdings LLC lifted its position in shares of Reynolds Consumer Products by 1.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 13,107,822 shares of the company’s stock worth $351,564,000 after purchasing an additional 182,353 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Reynolds Consumer Products by 758.9% during the third quarter. Jane Street Group LLC now owns 167,722 shares of the company’s stock valued at $5,216,000 after purchasing an additional 148,194 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Reynolds Consumer Products in the third quarter valued at approximately $4,397,000. Institutional investors own 26.81% of the company’s stock.

About Reynolds Consumer Products

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.