JPMorgan Chase & Co. Has Lowered Expectations for Reynolds Consumer Products (NASDAQ:REYN) Stock Price

Reynolds Consumer Products (NASDAQ:REYN) had its target price cut by stock analysts at JPMorgan Chase & Co. from $26.00 to $23.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 2.91% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on REYN. Canaccord Genuity Group reduced their price target on Reynolds Consumer Products from $27.00 to $24.00 and set a “hold” rating for the company in a report on Monday, January 26th. Barclays reduced their price target on Reynolds Consumer Products from $25.00 to $24.00 and set an “equal weight” rating for the company in a report on Tuesday. Royal Bank Of Canada set a $24.00 price target on Reynolds Consumer Products and gave the stock a “sector perform” rating in a report on Thursday, April 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Reynolds Consumer Products in a report on Wednesday, January 28th. Finally, Zacks Research raised Reynolds Consumer Products from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. One analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $24.67.

Reynolds Consumer Products Stock Performance

NASDAQ REYN opened at $22.35 on Friday. The stock has a market capitalization of $4.71 billion, a price-to-earnings ratio of 15.52 and a beta of 0.61. Reynolds Consumer Products has a twelve month low of $20.69 and a twelve month high of $26.25. The company has a current ratio of 1.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.70. The stock has a 50-day moving average of $22.39 and a 200 day moving average of $23.38.

Reynolds Consumer Products (NASDAQ:REYN) last released 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 business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.01 billion. Reynolds Consumer Products had a return on equity of 15.86% and a net margin of 8.09%.The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.58 EPS. 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. Sell-side analysts anticipate that Reynolds Consumer Products will post 1.66 EPS for the current fiscal year.

Insider Activity at Reynolds Consumer Products

In other news, Director Rolf Stangl bought 4,705 shares of Reynolds Consumer Products stock in a transaction on Wednesday, March 18th. The stock was acquired at an average price of $21.06 per share, with a total value of $99,087.30. Following the completion of the acquisition, the director directly owned 39,537 shares of the company’s stock, valued at $832,649.22. The trade was a 13.51% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.37% of the stock is owned by insiders.

Hedge Funds Weigh In On Reynolds Consumer Products

A number of hedge funds have recently made changes to their positions in the company. Blue Trust Inc. raised its holdings in shares of Reynolds Consumer Products by 9.4% during the third quarter. Blue Trust Inc. now owns 5,355 shares of the company’s stock valued at $131,000 after acquiring an additional 462 shares during the last quarter. Baird Financial Group Inc. raised its holdings in shares of Reynolds Consumer Products by 1.6% during the second quarter. Baird Financial Group Inc. now owns 32,882 shares of the company’s stock valued at $704,000 after acquiring an additional 516 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of Reynolds Consumer Products by 70.4% in the fourth quarter. Larson Financial Group LLC now owns 1,264 shares of the company’s stock valued at $29,000 after purchasing an additional 522 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Reynolds Consumer Products by 6.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 10,089 shares of the company’s stock valued at $231,000 after purchasing an additional 582 shares during the last quarter. Finally, Hunter Perkins Capital Management LLC increased its holdings in shares of Reynolds Consumer Products by 1.2% in the fourth quarter. Hunter Perkins Capital Management LLC now owns 52,155 shares of the company’s stock valued at $1,195,000 after purchasing an additional 605 shares during the last quarter. Institutional investors and hedge funds own 26.81% of the company’s stock.

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.