Reynolds Consumer Products (NASDAQ:REYN) Price Target Lowered to $25.00 at UBS Group

Reynolds Consumer Products (NASDAQ:REYN) had its price objective decreased by equities researchers at UBS Group from $26.00 to $25.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s target price points to a potential upside of 2.76% from the company’s previous close.

A number of other equities research analysts have also recently commented on REYN. Canaccord Genuity Group upped their target price on shares of Reynolds Consumer Products from $25.00 to $27.00 and gave the company a “hold” rating in a report on Thursday, October 30th. Zacks Research cut Reynolds Consumer Products from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Reynolds Consumer Products in a report on Friday, October 31st. Finally, Royal Bank Of Canada upped their price target on Reynolds Consumer Products from $25.00 to $28.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 30th. Two research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $26.63.

Reynolds Consumer Products Stock Performance

Shares of NASDAQ REYN traded up $0.36 during trading hours on Wednesday, reaching $24.33. The stock had a trading volume of 256,441 shares, compared to its average volume of 714,809. The firm has a 50-day moving average of $24.00 and a 200-day moving average of $23.35. The firm has a market cap of $5.12 billion, a price-to-earnings ratio of 16.66 and a beta of 0.57. The company has a current ratio of 1.94, a quick ratio of 0.80 and a debt-to-equity ratio of 0.74. Reynolds Consumer Products has a fifty-two week low of $20.91 and a fifty-two week high of $28.22.

Reynolds Consumer Products (NASDAQ:REYN) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. The company had revenue of $931.00 million during the quarter, compared to analysts’ expectations of $900.12 million. Reynolds Consumer Products had a return on equity of 15.88% and a net margin of 8.20%.The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 earnings per share. Reynolds Consumer Products has set its FY 2025 guidance at 1.400-1.440 EPS and its Q4 2025 guidance at 0.520-0.560 EPS. Equities research analysts predict that Reynolds Consumer Products will post 1.66 earnings per share for the current year.

Hedge Funds Weigh In On Reynolds Consumer Products

A number of large investors have recently made changes to their positions in REYN. Rothschild Investment LLC lifted its stake in shares of Reynolds Consumer Products by 2,734.8% in the third quarter. Rothschild Investment LLC now owns 1,304 shares of the company’s stock valued at $32,000 after purchasing an additional 1,258 shares during the period. Quent Capital LLC acquired a new stake in shares of Reynolds Consumer Products during the 3rd quarter valued at approximately $33,000. First Horizon Advisors Inc. boosted its stake in shares of Reynolds Consumer Products by 40.8% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,601 shares of the company’s stock worth $34,000 after acquiring an additional 464 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Reynolds Consumer Products by 42.5% in the 4th quarter. GAMMA Investing LLC now owns 2,329 shares of the company’s stock worth $53,000 after acquiring an additional 695 shares during the period. Finally, Clearstead Advisors LLC increased its stake in Reynolds Consumer Products by 54,480.0% in the 3rd quarter. Clearstead Advisors LLC now owns 2,729 shares of the company’s stock valued at $67,000 after purchasing an additional 2,724 shares in the last quarter. Hedge funds and other institutional investors own 26.81% of the company’s stock.

Reynolds Consumer Products Company Profile

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.