Stifel Nicolaus Lowers Reynolds Consumer Products (NASDAQ:REYN) Price Target to $31.00

Reynolds Consumer Products (NASDAQ:REYN) had its price target decreased by analysts at Stifel Nicolaus from $32.00 to $31.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ target price points to a potential upside of 23.11% from the stock’s previous close.

A number of other research firms also recently weighed in on REYN. Evercore ISI cut their target price on Reynolds Consumer Products from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday. JPMorgan Chase & Co. cut their target price on shares of Reynolds Consumer Products from $30.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Barclays dropped their price target on shares of Reynolds Consumer Products from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Thursday. UBS Group decreased their price objective on shares of Reynolds Consumer Products from $30.00 to $29.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $32.00 price objective on shares of Reynolds Consumer Products in a report on Monday. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Reynolds Consumer Products presently has a consensus rating of “Hold” and an average target price of $30.63.

Reynolds Consumer Products Stock Down 5.4 %

Shares of NASDAQ REYN traded down $1.45 during midday trading on Thursday, reaching $25.18. 318,152 shares of the company’s stock were exchanged, compared to its average volume of 513,621. Reynolds Consumer Products has a 52-week low of $25.23 and a 52-week high of $32.65. The stock has a market capitalization of $5.29 billion, a PE ratio of 14.40 and a beta of 0.50. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 2.04. The business’s fifty day moving average price is $27.32 and its two-hundred day moving average price is $28.81.

Reynolds Consumer Products (NASDAQ:REYN) last issued its earnings results on Wednesday, February 5th. The company reported $0.58 EPS for the quarter, meeting analysts’ consensus estimates of $0.58. Reynolds Consumer Products had a return on equity of 18.27% and a net margin of 10.03%. Analysts forecast that Reynolds Consumer Products will post 1.69 EPS for the current year.

Insider Buying and Selling at Reynolds Consumer Products

In other news, Director Helen Golding purchased 1,190 shares of Reynolds Consumer Products stock in a transaction dated Thursday, November 14th. The shares were bought at an average cost of $27.58 per share, with a total value of $32,820.20. Following the completion of the transaction, the director now directly owns 1,190 shares in the company, valued at $32,820.20. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Rolf Stangl acquired 3,682 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The shares were bought at an average price of $27.50 per share, for a total transaction of $101,255.00. Following the completion of the acquisition, the director now owns 10,889 shares of the company’s stock, valued at $299,447.50. This trade represents a 51.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Reynolds Consumer Products

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Marshall Wace LLP bought a new position in shares of Reynolds Consumer Products in the 2nd quarter valued at about $612,000. Creative Planning increased its holdings in Reynolds Consumer Products by 6.8% in the 2nd quarter. Creative Planning now owns 14,902 shares of the company’s stock worth $417,000 after purchasing an additional 944 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Reynolds Consumer Products in the 2nd quarter valued at about $367,000. Handelsbanken Fonder AB grew its position in shares of Reynolds Consumer Products by 68.9% in the 3rd quarter. Handelsbanken Fonder AB now owns 22,800 shares of the company’s stock valued at $709,000 after buying an additional 9,300 shares during the last quarter. Finally, CWM LLC boosted its position in shares of Reynolds Consumer Products by 45.5% during the 3rd quarter. CWM LLC now owns 32,088 shares of the company’s stock valued at $998,000 after purchasing an additional 10,038 shares in the last quarter. 26.81% of the stock is currently 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.