Reynolds Consumer Products (NASDAQ:REYN) Price Target Lowered to $26.00 at UBS Group

Reynolds Consumer Products (NASDAQ:REYN) had its price objective reduced by analysts at UBS Group from $29.00 to $26.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s target price would suggest a potential upside of 10.31% from the stock’s current price.

Several other equities research analysts have also recently commented on REYN. Stifel Nicolaus dropped their target price on Reynolds Consumer Products from $31.00 to $27.00 and set a “hold” rating on the stock in a report on Thursday, April 10th. Evercore ISI reduced their price objective on shares of Reynolds Consumer Products from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday, February 6th. Barclays cut their target price on shares of Reynolds Consumer Products from $27.00 to $25.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. JPMorgan Chase & Co. cut their target price on Reynolds Consumer Products from $26.00 to $24.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Finally, Canaccord Genuity Group cut their price objective on Reynolds Consumer Products from $31.00 to $30.00 and set a “hold” rating on the stock in a report on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $29.00.

Reynolds Consumer Products Stock Up 2.0 %

REYN stock traded up $0.47 during midday trading on Thursday, hitting $23.57. 307,825 shares of the company’s stock were exchanged, compared to its average volume of 601,147. The stock has a market capitalization of $4.96 billion, a price-to-earnings ratio of 14.03 and a beta of 0.64. The company has a current ratio of 2.04, a quick ratio of 0.99 and a debt-to-equity ratio of 0.79. The firm has a 50 day moving average price of $23.87 and a 200-day moving average price of $26.54. Reynolds Consumer Products has a 12-month low of $21.90 and a 12-month high of $32.65.

Reynolds Consumer Products (NASDAQ:REYN) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.58 earnings per share for the quarter, hitting the consensus estimate of $0.58. Reynolds Consumer Products had a net margin of 9.56% and a return on equity of 17.14%. On average, analysts anticipate that Reynolds Consumer Products will post 1.66 EPS for the current year.

Insiders Place Their Bets

In related news, Director Rolf Stangl bought 6,000 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were acquired at an average price of $24.89 per share, with a total value of $149,340.00. Following the completion of the transaction, the director now owns 16,889 shares in the company, valued at $420,367.21. The trade was a 55.10 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.15% of the company’s stock.

Hedge Funds Weigh In On Reynolds Consumer Products

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in REYN. Ariel Investments LLC lifted its holdings in shares of Reynolds Consumer Products by 6.1% during the fourth quarter. Ariel Investments LLC now owns 7,446 shares of the company’s stock worth $201,000 after buying an additional 426 shares in the last quarter. Isthmus Partners LLC boosted its holdings in Reynolds Consumer Products by 0.6% in the 4th quarter. Isthmus Partners LLC now owns 87,307 shares of the company’s stock valued at $2,356,000 after purchasing an additional 533 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Reynolds Consumer Products by 4.4% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,432 shares of the company’s stock valued at $363,000 after buying an additional 566 shares during the period. Blue Trust Inc. grew its position in Reynolds Consumer Products by 115.2% during the fourth quarter. Blue Trust Inc. now owns 1,304 shares of the company’s stock worth $35,000 after buying an additional 698 shares in the last quarter. Finally, Versant Capital Management Inc raised its holdings in Reynolds Consumer Products by 38.1% in the 1st quarter. Versant Capital Management Inc now owns 2,543 shares of the company’s stock valued at $61,000 after acquiring an additional 701 shares in the last quarter. 26.81% of the stock is 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.