Reynolds Consumer Products (NASDAQ:REYN) Given New $30.00 Price Target at Evercore ISI

Reynolds Consumer Products (NASDAQ:REYN) had its target price cut by equities research analysts at Evercore ISI from $33.00 to $30.00 in a report released on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Evercore ISI’s price target would suggest a potential upside of 20.14% from the stock’s previous close.

Several other analysts have also recently issued reports on REYN. JPMorgan Chase & Co. lowered 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. UBS Group lowered their price objective on Reynolds Consumer Products from $30.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Royal Bank of Canada restated a “sector perform” rating and set a $32.00 target price on shares of Reynolds Consumer Products in a research report on Monday, February 3rd. Finally, Barclays lowered their price target on Reynolds Consumer Products from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Thursday. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $30.38.

Reynolds Consumer Products Stock Performance

NASDAQ:REYN opened at $24.97 on Thursday. The business’s fifty day moving average is $27.26 and its 200 day moving average is $28.78. The firm has a market cap of $5.25 billion, a price-to-earnings ratio of 14.27 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. Reynolds Consumer Products has a 52-week low of $24.79 and a 52-week high of $32.65.

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

Insider Activity

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

Hedge Funds Weigh In On Reynolds Consumer Products

Several institutional investors and hedge funds have recently bought and sold shares of REYN. True Wealth Design LLC purchased a new stake in shares of Reynolds Consumer Products during the third quarter valued at approximately $29,000. Blue Trust Inc. raised its holdings in Reynolds Consumer Products by 115.2% during the 4th quarter. Blue Trust Inc. now owns 1,304 shares of the company’s stock valued at $35,000 after buying an additional 698 shares during the last quarter. Eagle Bay Advisors LLC purchased a new stake in Reynolds Consumer Products during the 4th quarter valued at $40,000. Capital Performance Advisors LLP bought a new stake in Reynolds Consumer Products in the 3rd quarter worth $70,000. Finally, Abich Financial Wealth Management LLC increased its position in shares of Reynolds Consumer Products by 21.3% in the third quarter. Abich Financial Wealth Management LLC now owns 2,357 shares of the company’s stock valued at $73,000 after acquiring an additional 414 shares during the period. 26.81% of the stock is currently owned by institutional investors.

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.