Evercore ISI Has Lowered Expectations for Reynolds Consumer Products (NASDAQ:REYN) Stock Price

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) had its price objective cut by investment analysts at Evercore ISI from $33.00 to $30.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Evercore ISI's target price indicates a potential upside of 21.95% from the stock's current price.

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

Reynolds Consumer Products Stock Performance

Shares of REYN traded down $0.37 during mid-day trading on Thursday, hitting $24.60. The company's stock had a trading volume of 832,768 shares, compared to its average volume of 559,785. Reynolds Consumer Products has a one year low of $24.43 and a one year high of $32.65. The stock's 50-day moving average is $27.21 and its two-hundred day moving average is $28.79. The firm has a market capitalization of $5.17 billion, a PE ratio of 14.64 and a beta of 0.50. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.89 and a current ratio of 2.04.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.58 earnings per share for the quarter, meeting analysts' consensus estimates of $0.58. Reynolds Consumer Products had a net margin of 9.56% and a return on equity of 17.14%. As a group, sell-side analysts anticipate that Reynolds Consumer Products will post 1.66 EPS for the current year.

Insider Transactions at Reynolds Consumer Products

In other news, Director Rolf Stangl acquired 3,682 shares of the company's stock in a transaction on Thursday, December 19th. The stock was purchased at an average cost of $27.50 per share, with a total value of $101,255.00. Following 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 position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Helen Golding acquired 1,190 shares of the business's stock in a transaction that occurred on 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. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.20% of the company's stock.

Institutional Trading of Reynolds Consumer Products

A number of institutional investors and hedge funds have recently modified their holdings of REYN. True Wealth Design LLC bought a new stake in Reynolds Consumer Products in the third quarter valued at approximately $29,000. Blue Trust Inc. increased its position in shares of Reynolds Consumer Products by 115.2% in 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 in the last quarter. Eagle Bay Advisors LLC acquired a new stake in Reynolds Consumer Products during the 4th quarter worth $40,000. Capital Performance Advisors LLP acquired a new position in Reynolds Consumer Products in the third quarter valued at about $70,000. Finally, Abich Financial Wealth Management LLC increased its holdings 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 worth $73,000 after acquiring an additional 414 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.