Reynolds Consumer Products (NASDAQ:REYN) Price Target Cut to $23.00 by Analysts at JPMorgan Chase & Co.
by Teresa Graham · The Cerbat GemReynolds Consumer Products (NASDAQ:REYN – Get Free Report) had its price objective dropped by equities research analysts at JPMorgan Chase & Co. from $26.00 to $23.00 in a report released on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 2.34% from the stock’s current price.
Other equities research analysts have also recently issued reports about the stock. UBS Group cut their price objective on shares of Reynolds Consumer Products from $26.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 7th. Royal Bank Of Canada set a $24.00 price target on shares of Reynolds Consumer Products and gave the stock a “sector perform” rating in a research report on Thursday, April 9th. Zacks Research raised shares of Reynolds Consumer Products from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Barclays lowered their price objective on shares of Reynolds Consumer Products from $25.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Reynolds Consumer Products in a research report on Wednesday, January 28th. One research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $24.67.
View Our Latest Stock Analysis on REYN
Reynolds Consumer Products Stock Up 2.5%
Shares of REYN traded up $0.55 during trading on Friday, reaching $22.48. The company’s stock had a trading volume of 189,894 shares, compared to its average volume of 1,006,199. The company has a market cap of $4.74 billion, a price-to-earnings ratio of 15.60 and a beta of 0.61. The company has a quick ratio of 0.92, a current ratio of 1.93 and a debt-to-equity ratio of 0.70. The company has a fifty day moving average of $22.40 and a two-hundred day moving average of $23.40. Reynolds Consumer Products has a twelve month low of $20.69 and a twelve month high of $26.25.
Reynolds Consumer Products (NASDAQ:REYN – Get Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.01 billion. Reynolds Consumer Products had a net margin of 8.09% and a return on equity of 15.86%. Reynolds Consumer Products’s revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.58 earnings per share. Reynolds Consumer Products has set its FY 2026 guidance at 1.570-1.630 EPS and its Q1 2026 guidance at 0.230-0.250 EPS. On average, sell-side analysts predict that Reynolds Consumer Products will post 1.66 EPS for the current fiscal year.
Insider Activity
In related news, Director Rolf Stangl bought 4,705 shares of the company’s stock in a transaction on Wednesday, March 18th. The stock was bought at an average cost of $21.06 per share, with a total value of $99,087.30. Following the completion of the purchase, the director owned 39,537 shares in the company, valued at approximately $832,649.22. The trade was a 13.51% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.37% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Reynolds Consumer Products
A number of institutional investors and hedge funds have recently modified their holdings of REYN. Royal Bank of Canada boosted its position in shares of Reynolds Consumer Products by 1.9% in the 1st quarter. Royal Bank of Canada now owns 94,024 shares of the company’s stock worth $2,244,000 after purchasing an additional 1,720 shares during the last quarter. Millennium Management LLC raised its holdings in Reynolds Consumer Products by 11.3% in the 1st quarter. Millennium Management LLC now owns 592,459 shares of the company’s stock valued at $14,136,000 after acquiring an additional 60,198 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Reynolds Consumer Products by 60.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 222,853 shares of the company’s stock worth $5,317,000 after buying an additional 83,633 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Reynolds Consumer Products by 488.4% during the 1st quarter. Jane Street Group LLC now owns 125,724 shares of the company’s stock worth $3,000,000 after acquiring an additional 104,357 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Reynolds Consumer Products by 17.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 330,811 shares of the company’s stock worth $7,086,000 after acquiring an additional 49,192 shares in the last quarter. 26.81% of the stock is owned by institutional investors.
About Reynolds Consumer Products
Reynolds Consumer Products, Inc (NASDAQ: REYN) is a leading North American manufacturer and marketer of household consumer products. The company specializes in food storage and cooking solutions, including aluminum foil, plastic wrap, food storage containers and disposable tableware. Its core portfolio features well-known brands such as Reynolds Wrap aluminum foil, Hefty storage containers and trash bags, and Fastfold paper plates.
The company operates through a network of manufacturing and distribution facilities across North America, Latin America, Europe and the Asia Pacific region.