Barclays Cuts Reynolds Consumer Products (NASDAQ:REYN) Price Target to $25.00

Reynolds Consumer Products (NASDAQ:REYN) had its price target dropped by equities researchers at Barclays from $27.00 to $25.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price objective would indicate a potential downside of 6.12% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $32.00 price objective on shares of Reynolds Consumer Products in a research note on Monday. JPMorgan Chase & Co. decreased their price target on shares of 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. Finally, UBS Group dropped their price objective on shares of Reynolds Consumer Products from $30.00 to $29.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $30.57.

Reynolds Consumer Products Price Performance

Shares of NASDAQ REYN opened at $26.63 on Thursday. The stock’s 50-day simple moving average is $27.32 and its 200-day simple moving average is $28.81. The firm has a market capitalization of $5.60 billion, a PE ratio of 15.22 and a beta of 0.50. Reynolds Consumer Products has a fifty-two week low of $25.88 and a fifty-two week high of $32.65. 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 (NASDAQ:REYN) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.58 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.58. Reynolds Consumer Products had a net margin of 10.03% and a return on equity of 18.27%. As a group, equities research analysts forecast that Reynolds Consumer Products will post 1.69 EPS for the current fiscal year.

Insider Activity at Reynolds Consumer Products

In related news, Director Helen Golding acquired 1,190 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was purchased at an average price of $27.58 per share, for a total transaction of $32,820.20. Following the transaction, the director now owns 1,190 shares in the company, valued at $32,820.20. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Rolf Stangl bought 3,682 shares of Reynolds Consumer Products stock in a transaction on Thursday, December 19th. The stock was purchased at an average price of $27.50 per share, for a total transaction of $101,255.00. Following the completion of the acquisition, the director now owns 10,889 shares in the company, valued at $299,447.50. This represents a 51.09 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On Reynolds Consumer Products

A number of institutional investors have recently modified their holdings of the company. True Wealth Design LLC purchased a new stake in Reynolds Consumer Products in the 3rd quarter worth approximately $29,000. Blue Trust Inc. boosted its holdings in shares of 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 purchasing an additional 698 shares during the last quarter. Eagle Bay Advisors LLC purchased a new stake in shares of Reynolds Consumer Products in the fourth quarter valued at $40,000. Capital Performance Advisors LLP acquired a new position in Reynolds Consumer Products in the third quarter valued at $70,000. Finally, Abich Financial Wealth Management LLC lifted its position in Reynolds Consumer Products by 21.3% during the third quarter. Abich Financial Wealth Management LLC now owns 2,357 shares of the company’s stock worth $73,000 after buying an additional 414 shares during the period. Institutional investors and hedge funds 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.