Stifel Nicolaus Issues Pessimistic Forecast for Reynolds Consumer Products (NASDAQ:REYN) Stock Price

Reynolds Consumer Products (NASDAQ:REYN) had its price target dropped by Stifel Nicolaus from $31.00 to $27.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 12.97% from the company’s current price.

Several other equities research analysts have also weighed in on REYN. UBS Group dropped their target price on Reynolds Consumer Products from $30.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Barclays cut their price objective on shares of Reynolds Consumer Products from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Canaccord Genuity Group decreased their target price on shares of Reynolds Consumer Products from $31.00 to $30.00 and set a “hold” rating for the company in a research report on Thursday, February 6th. Evercore ISI cut their price target on Reynolds Consumer Products from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. Finally, JPMorgan Chase & Co. decreased their price objective on Reynolds Consumer Products from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $29.38.

Reynolds Consumer Products Stock Performance

REYN stock opened at $23.90 on Thursday. The stock’s 50 day simple moving average is $23.99 and its 200 day simple moving average is $26.66. Reynolds Consumer Products has a 12-month low of $21.90 and a 12-month high of $32.65. The firm has a market cap of $5.03 billion, a P/E ratio of 14.23 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.

Reynolds Consumer Products (NASDAQ:REYN) last issued its earnings results on Wednesday, February 5th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting 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, equities research analysts predict that Reynolds Consumer Products will post 1.66 EPS for the current year.

Insider Activity

In other Reynolds Consumer Products news, Director Rolf Stangl acquired 6,000 shares of the stock in a transaction dated Monday, February 10th. The shares were bought at an average price of $24.89 per share, with a total value of $149,340.00. Following the purchase, the director now directly owns 16,889 shares of the company’s stock, valued at approximately $420,367.21. This trade represents a 55.10 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.15% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Stifel Financial Corp boosted its position in shares of Reynolds Consumer Products by 103.1% in the 3rd quarter. Stifel Financial Corp now owns 93,229 shares of the company’s stock valued at $2,899,000 after purchasing an additional 47,337 shares during the period. Jane Street Group LLC raised its holdings in shares of Reynolds Consumer Products by 758.9% during the third quarter. Jane Street Group LLC now owns 167,722 shares of the company’s stock valued at $5,216,000 after acquiring an additional 148,194 shares during the period. XTX Topco Ltd acquired a new stake in shares of Reynolds Consumer Products during the third quarter valued at approximately $299,000. MML Investors Services LLC lifted its position in shares of Reynolds Consumer Products by 1.3% in the 3rd quarter. MML Investors Services LLC now owns 48,700 shares of the company’s stock valued at $1,515,000 after acquiring an additional 641 shares in the last quarter. Finally, Barclays PLC boosted its stake in 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 period. Institutional investors own 26.81% of the company’s stock.

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.