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

Reynolds Consumer Products (NASDAQ:REYN) had its price target lowered by stock analysts at Stifel Nicolaus from $32.00 to $31.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 24.15% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Evercore ISI decreased their price objective on Reynolds Consumer Products from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday. Barclays decreased their target price on Reynolds Consumer Products from $27.00 to $25.00 and set an “equal weight” rating for the company in a research report on Thursday. Royal Bank of Canada reiterated a “sector perform” rating and issued a $32.00 price target on shares of Reynolds Consumer Products in a research report on Monday, February 3rd. JPMorgan Chase & Co. decreased their price objective on shares of Reynolds Consumer Products from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, UBS Group lowered their target price on shares of Reynolds Consumer Products from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $30.38.

Reynolds Consumer Products Stock Performance

Reynolds Consumer Products stock opened at $24.97 on Thursday. The company has a market cap of $5.25 billion, a PE ratio of 14.27 and a beta of 0.50. The company has a current ratio of 2.04, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. Reynolds Consumer Products has a 1 year low of $24.79 and a 1 year high of $32.65. The company’s 50-day moving average is $27.26 and its two-hundred day moving average is $28.78.

Reynolds Consumer Products (NASDAQ:REYN) last announced its quarterly earnings data 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 net margin of 10.03% and a return on equity of 18.27%. Equities analysts anticipate that Reynolds Consumer Products will post 1.69 earnings per share for the current year.

Insider Transactions at Reynolds Consumer Products

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in REYN. True Wealth Design LLC bought a new stake in Reynolds Consumer Products during the 3rd quarter worth about $29,000. Blue Trust Inc. raised its holdings 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 acquiring an additional 698 shares in the last quarter. Eagle Bay Advisors LLC acquired a new position in Reynolds Consumer Products during the fourth quarter valued at approximately $40,000. Capital Performance Advisors LLP bought a new position in Reynolds Consumer Products in the third quarter valued at approximately $70,000. Finally, Abich Financial Wealth Management LLC increased its position in shares of Reynolds Consumer Products by 21.3% during the 3rd quarter. Abich Financial Wealth Management LLC now owns 2,357 shares of the company’s stock worth $73,000 after purchasing an additional 414 shares during the last quarter. Institutional investors own 26.81% of the company’s stock.

Reynolds Consumer Products Company Profile

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.