Reynolds Consumer Products (NASDAQ:REYN) Price Target Raised to $27.00 at JPMorgan Chase & Co.

Reynolds Consumer Products (NASDAQ:REYNGet Free Report) had its target price raised by JPMorgan Chase & Co. from $23.00 to $27.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 1.12% from the company’s previous close.

REYN has been the topic of a number of other research reports. Barclays cut their target price on Reynolds Consumer Products from $25.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 14th. Zacks Research raised Reynolds Consumer Products from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Weiss Ratings upgraded Reynolds Consumer Products from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 29th. UBS Group boosted their price objective on Reynolds Consumer Products from $23.00 to $27.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Royal Bank Of Canada set a $24.00 price objective on Reynolds Consumer Products and gave the company a “sector perform” rating in a research note on Thursday, April 9th. Seven investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $25.20.

Check Out Our Latest Report on Reynolds Consumer Products

Reynolds Consumer Products Stock Up 1.9%

Shares of REYN traded up $0.50 during trading hours on Thursday, reaching $26.70. 699,791 shares of the stock traded hands, compared to its average volume of 1,120,964. The company has a current ratio of 1.79, a quick ratio of 0.76 and a debt-to-equity ratio of 0.68. The stock has a fifty day simple moving average of $23.67 and a 200 day simple moving average of $22.96. Reynolds Consumer Products has a 52 week low of $20.44 and a 52 week high of $27.32. The company has a market cap of $5.63 billion, a price-to-earnings ratio of 17.01 and a beta of 0.54.

Reynolds Consumer Products (NASDAQ:REYNGet Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. Reynolds Consumer Products had a net margin of 8.70% and a return on equity of 16.05%. The business had revenue of $877.00 million during the quarter, compared to the consensus estimate of $822.42 million. During the same period in the prior year, the firm posted $0.23 EPS. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. Reynolds Consumer Products has set its FY 2026 guidance at 1.570-1.630 EPS and its Q2 2026 guidance at 0.390-0.43 EPS. On average, equities analysts forecast that Reynolds Consumer Products will post 1.59 EPS for the current year.

Institutional Trading of Reynolds Consumer Products

A number of institutional investors have recently modified their holdings of REYN. Larson Financial Group LLC grew its stake in Reynolds Consumer Products by 70.4% in the 4th quarter. Larson Financial Group LLC now owns 1,264 shares of the company’s stock valued at $29,000 after buying an additional 522 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Reynolds Consumer Products by 127.7% during the fourth quarter. Farther Finance Advisors LLC now owns 1,391 shares of the company’s stock worth $32,000 after acquiring an additional 780 shares in the last quarter. SJS Investment Consulting Inc. boosted its holdings in shares of Reynolds Consumer Products by 4,657.9% in the first quarter. SJS Investment Consulting Inc. now owns 1,808 shares of the company’s stock worth $38,000 after acquiring an additional 1,770 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in shares of Reynolds Consumer Products by 119.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,794 shares of the company’s stock worth $41,000 after acquiring an additional 978 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of Reynolds Consumer Products by 199,400.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,995 shares of the company’s stock worth $46,000 after acquiring an additional 1,994 shares during the period. 26.81% of the stock is currently owned by hedge funds and other institutional investors.

Reynolds Consumer Products Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Reynolds Consumer Products (NASDAQ:REYN)

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