UBS Group Issues Pessimistic Forecast for Reynolds Consumer Products (NASDAQ:REYN) Stock Price

Reynolds Consumer Products (NASDAQ:REYN) had its price target reduced by investment analysts at UBS Group from $26.00 to $25.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price objective suggests a potential upside of 2.84% from the company’s previous close.

REYN has been the topic of several other reports. Royal Bank Of Canada lifted their target price on Reynolds Consumer Products from $25.00 to $28.00 and gave the stock a “sector perform” rating in a report on Thursday, October 30th. Canaccord Genuity Group raised their price objective on Reynolds Consumer Products from $25.00 to $27.00 and gave the stock a “hold” rating in a research report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Reynolds Consumer Products in a report on Friday, October 31st. Finally, Zacks Research lowered shares of Reynolds Consumer Products from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Two research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $26.63.

Reynolds Consumer Products Stock Down 0.1%

Shares of NASDAQ REYN opened at $24.31 on Wednesday. The company has a 50 day simple moving average of $23.98 and a 200 day simple moving average of $23.37. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.94 and a quick ratio of 0.80. Reynolds Consumer Products has a 1 year low of $20.91 and a 1 year high of $28.22. The firm has a market cap of $5.11 billion, a PE ratio of 16.65 and a beta of 0.57.

Reynolds Consumer Products (NASDAQ:REYN) last posted its earnings results on Wednesday, October 29th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. The firm had revenue of $931.00 million for the quarter, compared to analyst estimates of $900.12 million. Reynolds Consumer Products had a net margin of 8.20% and a return on equity of 15.88%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 EPS. Reynolds Consumer Products has set its FY 2025 guidance at 1.400-1.440 EPS and its Q4 2025 guidance at 0.520-0.560 EPS. On average, research analysts forecast that Reynolds Consumer Products will post 1.66 EPS for the current year.

Hedge Funds Weigh In On Reynolds Consumer Products

A number of institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada increased its stake in shares of Reynolds Consumer Products by 1.9% in the 1st quarter. Royal Bank of Canada now owns 94,024 shares of the company’s stock valued at $2,244,000 after acquiring an additional 1,720 shares in the last quarter. Millennium Management LLC grew its holdings in Reynolds Consumer Products by 11.3% in the first quarter. Millennium Management LLC now owns 592,459 shares of the company’s stock worth $14,136,000 after purchasing an additional 60,198 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Reynolds Consumer Products by 60.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 222,853 shares of the company’s stock valued at $5,317,000 after purchasing an additional 83,633 shares in the last quarter. Jane Street Group LLC increased its stake in Reynolds Consumer Products by 488.4% in the first quarter. Jane Street Group LLC now owns 125,724 shares of the company’s stock valued at $3,000,000 after purchasing an additional 104,357 shares in the last quarter. Finally, Voya Investment Management LLC raised its holdings in shares of Reynolds Consumer Products by 7.9% during the first quarter. Voya Investment Management LLC now owns 46,900 shares of the company’s stock valued at $1,119,000 after purchasing an additional 3,438 shares during the period. 26.81% of the stock is currently owned by institutional investors.

About Reynolds Consumer Products

Reynolds Consumer Products, Inc (NASDAQ: REYN) is a leading North American manufacturer and marketer of household consumer products. The company specializes in food storage and cooking solutions, including aluminum foil, plastic wrap, food storage containers and disposable tableware. Its core portfolio features well-known brands such as Reynolds Wrap aluminum foil, Hefty storage containers and trash bags, and Fastfold paper plates.

The company operates through a network of manufacturing and distribution facilities across North America, Latin America, Europe and the Asia Pacific region.