Reynolds Consumer Products (NASDAQ:REYN) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Reynolds Consumer Products (NASDAQ:REYN) had its price objective hoisted by equities research analysts at Royal Bank Of Canada from $25.00 to $28.00 in a research report issued on Thursday, Marketbeat reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 14.57% from the company’s current price.

Several other brokerages also recently weighed in on REYN. UBS Group upped their price target on Reynolds Consumer Products from $25.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Reynolds Consumer Products in a report on Wednesday, October 8th. Canaccord Genuity Group increased their price objective on Reynolds Consumer Products from $25.00 to $27.00 and gave the company a “hold” rating in a report on Thursday. Finally, Barclays increased their price objective on Reynolds Consumer Products from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $26.75.

Reynolds Consumer Products Price Performance

Shares of NASDAQ REYN opened at $24.44 on Thursday. The stock’s 50-day moving average is $23.58 and its two-hundred day moving average is $22.78. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.94 and a quick ratio of 0.75. Reynolds Consumer Products has a 1-year low of $20.91 and a 1-year high of $28.66. The company has a market cap of $5.14 billion, a price-to-earnings ratio of 16.74 and a beta of 0.60.

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

Insider Activity

In other news, Director Duncan Hawkesby bought 159,506 shares of the firm’s stock in a transaction that occurred on Tuesday, August 26th. The stock was purchased at an average cost of $22.99 per share, with a total value of $3,667,042.94. Following the transaction, the director directly owned 334,092 shares in the company, valued at $7,680,775.08. This trade represents a 91.36% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders bought 231,092 shares of company stock valued at $5,316,902. 0.15% of the stock is owned by corporate insiders.

Institutional Trading of Reynolds Consumer Products

A number of large investors have recently made changes to their positions in REYN. Cannon Global Investment Management LLC boosted its position in shares of Reynolds Consumer Products by 74.4% in the 1st quarter. Cannon Global Investment Management LLC now owns 22,500 shares of the company’s stock valued at $537,000 after purchasing an additional 9,600 shares during the period. Envestnet Asset Management Inc. lifted its position in Reynolds Consumer Products by 5.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 281,648 shares of the company’s stock worth $6,720,000 after acquiring an additional 14,244 shares during the period. Alps Advisors Inc. lifted its position in Reynolds Consumer Products by 7.8% during the 1st quarter. Alps Advisors Inc. now owns 90,578 shares of the company’s stock worth $2,161,000 after acquiring an additional 6,527 shares during the period. Cerity Partners LLC lifted its position in Reynolds Consumer Products by 418.8% during the 1st quarter. Cerity Partners LLC now owns 61,821 shares of the company’s stock worth $1,475,000 after acquiring an additional 49,904 shares during the period. Finally, Isthmus Partners LLC lifted its position in Reynolds Consumer Products by 3.2% during the 1st quarter. Isthmus Partners LLC now owns 90,116 shares of the company’s stock worth $2,150,000 after acquiring an additional 2,809 shares during the period. 26.81% of the stock is owned by institutional investors and hedge funds.

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.