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

Reynolds Consumer Products (NASDAQ:REYN) had its target price decreased by analysts at Stifel Nicolaus from $32.00 to $31.00 in a report released on Thursday,Benzinga reports. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 23.11% from the company’s previous close.

Several other equities analysts have also issued reports on REYN. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $32.00 price target on shares of Reynolds Consumer Products in a report on Monday. JPMorgan Chase & Co. lowered their price target on shares of Reynolds Consumer Products from $30.00 to $28.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Barclays lowered 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 report on Thursday. UBS Group decreased their price objective on shares of Reynolds Consumer Products from $30.00 to $29.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Finally, Evercore ISI decreased 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. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $30.63.

Reynolds Consumer Products Stock Performance

Shares of NASDAQ REYN traded down $1.45 during midday trading on Thursday, hitting $25.18. 318,152 shares of the stock traded hands, compared to its average volume of 513,621. The firm has a 50-day moving average of $27.32 and a two-hundred day moving average of $28.81. The firm has a market capitalization of $5.29 billion, a P/E ratio of 14.40 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 one year low of $25.23 and a one year high of $32.65.

Reynolds Consumer Products (NASDAQ:REYN) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.58 EPS for the quarter, hitting the consensus estimate of $0.58. Reynolds Consumer Products had a return on equity of 18.27% and a net margin of 10.03%. On average, equities analysts forecast that Reynolds Consumer Products will post 1.69 EPS for the current fiscal year.

Insider Activity at Reynolds Consumer Products

In other news, Director Rolf Stangl bought 3,682 shares of the firm’s stock in a transaction dated Thursday, December 19th. The stock was acquired at an average cost of $27.50 per share, for a total transaction of $101,255.00. Following the completion of the purchase, 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Helen Golding bought 1,190 shares of the company’s stock in a transaction dated Thursday, November 14th. The stock was bought at an average cost of $27.58 per share, with a total value of $32,820.20. Following the transaction, the director now directly owns 1,190 shares in the company, valued at approximately $32,820.20. The trade was a ∞ increase in their position. 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 large investors have recently bought and sold shares of the company. ARGA Investment Management LP bought a new stake in shares of Reynolds Consumer Products in the 3rd quarter worth approximately $751,000. Barclays PLC lifted its holdings in shares of Reynolds Consumer Products by 173.9% in the 3rd quarter. Barclays PLC now owns 63,121 shares of the company’s stock worth $1,963,000 after purchasing an additional 40,075 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Reynolds Consumer Products in the 3rd quarter worth approximately $4,397,000. Beacon Harbor Wealth Advisors Inc. bought a new stake in shares of Reynolds Consumer Products in the 3rd quarter worth approximately $5,731,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Reynolds Consumer Products in the 3rd quarter worth approximately $851,000. 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.