Reynolds Consumer Products (NASDAQ:REYN) Price Target Lowered to $30.00 at Evercore ISI

Reynolds Consumer Products (NASDAQ:REYN) had its target price decreased by analysts at Evercore ISI from $33.00 to $30.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Evercore ISI’s target price would suggest a potential upside of 17.44% from the stock’s previous close.

A number of other analysts have also issued reports on REYN. Barclays dropped their price objective on shares of Reynolds Consumer Products from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Thursday. UBS Group cut their price objective on shares of Reynolds Consumer Products from $30.00 to $29.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Royal Bank of Canada restated a “sector perform” rating and set a $32.00 target price on shares of Reynolds Consumer Products in a research note on Monday. Finally, JPMorgan Chase & Co. cut their target price on Reynolds Consumer Products from $30.00 to $28.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Six investment 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.com, Reynolds Consumer Products presently has an average rating of “Hold” and an average target price of $30.50.

Reynolds Consumer Products Stock Performance

REYN traded down $1.09 during trading on Thursday, hitting $25.55. The stock had a trading volume of 147,006 shares, compared to its average volume of 506,643. Reynolds Consumer Products has a twelve month low of $25.63 and a twelve month 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 company’s 50-day moving average price is $27.32 and its 200 day moving average price is $28.81. The firm has a market capitalization of $5.37 billion, a P/E ratio of 14.63 and a beta of 0.50.

Reynolds Consumer Products (NASDAQ:REYN) last released its 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 net margin of 10.03% and a return on equity of 18.27%. On average, equities research analysts forecast that Reynolds Consumer Products will post 1.69 EPS for the current fiscal year.

Insider Transactions at Reynolds Consumer Products

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

Institutional Investors Weigh In On Reynolds Consumer Products

A number of large investors have recently bought and sold shares of the business. Marshall Wace LLP bought a new stake in Reynolds Consumer Products in the second quarter valued at approximately $612,000. Creative Planning increased its stake in Reynolds Consumer Products by 6.8% during the 2nd quarter. Creative Planning now owns 14,902 shares of the company’s stock worth $417,000 after purchasing an additional 944 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Reynolds Consumer Products during the second quarter worth $367,000. Handelsbanken Fonder AB boosted its stake in Reynolds Consumer Products by 68.9% in the 3rd quarter. Handelsbanken Fonder AB now owns 22,800 shares of the company’s stock worth $709,000 after purchasing an additional 9,300 shares during the period. Finally, CWM LLC increased its holdings in Reynolds Consumer Products by 45.5% during the 3rd quarter. CWM LLC now owns 32,088 shares of the company’s stock worth $998,000 after purchasing an additional 10,038 shares in the last quarter. 26.81% of the stock is currently owned by institutional investors.

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.