Reynolds Consumer Products (NASDAQ:REYN) PT Raised to $27.00

Reynolds Consumer Products (NASDAQ:REYNGet Rating) had its target price upped by equities researchers at Barclays to $27.00 in a research report issued on Tuesday, Stock Target Advisor reports. Barclays‘s target price suggests a potential downside of 13.54% from the stock’s current price.

Separately, JPMorgan Chase & Co. raised their target price on shares of Reynolds Consumer Products from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Thursday, October 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $30.60.

Reynolds Consumer Products Trading Up 0.6 %

Shares of NASDAQ REYN opened at $31.23 on Tuesday. The firm’s 50 day moving average price is $28.51 and its 200-day moving average price is $28.09. The company has a market cap of $6.55 billion, a PE ratio of 25.39 and a beta of 0.44. Reynolds Consumer Products has a 52-week low of $24.54 and a 52-week high of $32.29. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.70 and a current ratio of 2.16.

Institutional Trading of Reynolds Consumer Products

Several institutional investors and hedge funds have recently bought and sold shares of REYN. MetLife Investment Management LLC purchased a new stake in Reynolds Consumer Products in the 1st quarter worth $32,000. Ceredex Value Advisors LLC purchased a new stake in shares of Reynolds Consumer Products during the third quarter worth $34,000. Quadrant Capital Group LLC grew its holdings in shares of Reynolds Consumer Products by 143.4% in the second quarter. Quadrant Capital Group LLC now owns 1,436 shares of the company’s stock valued at $39,000 after purchasing an additional 846 shares during the period. Signaturefd LLC grew its holdings in shares of Reynolds Consumer Products by 79.1% in the first quarter. Signaturefd LLC now owns 2,027 shares of the company’s stock valued at $59,000 after purchasing an additional 895 shares during the period. Finally, Lazard Asset Management LLC purchased a new stake in shares of Reynolds Consumer Products in the first quarter valued at about $70,000. 28.41% of the stock is currently owned by institutional investors and hedge funds.

About Reynolds Consumer Products

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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 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 E-Z Foil brands in the United States, as well as under the ALCAN brand in Canada and under the Diamond brand internationally.

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