JPMorgan Chase & Co. Increases Reynolds Consumer Products (NASDAQ:REYN) Price Target to $27.00

Reynolds Consumer Products (NASDAQ:REYN) had its price objective lifted by research analysts at JPMorgan Chase & Co. from $23.00 to $27.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 2.90% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. UBS Group raised their price target on shares of Reynolds Consumer Products from $23.00 to $27.00 and gave the stock a “neutral” rating in a report on Thursday. Barclays dropped their price objective on shares of Reynolds Consumer Products from $25.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 14th. Weiss Ratings upgraded shares of Reynolds Consumer Products from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 29th. Zacks Research raised shares of Reynolds Consumer Products from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Finally, Royal Bank Of Canada set a $24.00 price target on shares of Reynolds Consumer Products and gave the company a “sector perform” rating in a report on Thursday, April 9th. Seven analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Reynolds Consumer Products has an average rating of “Hold” and a consensus target price of $25.20.

Reynolds Consumer Products Stock Performance

Shares of Reynolds Consumer Products stock opened at $26.24 on Thursday. The stock has a market cap of $5.53 billion, a PE ratio of 16.71 and a beta of 0.54. The business has a fifty day simple moving average of $23.85 and a 200-day simple moving average of $23.00. The company has a quick ratio of 0.76, a current ratio of 1.79 and a debt-to-equity ratio of 0.68. Reynolds Consumer Products has a 12 month low of $20.44 and a 12 month high of $27.32.

Reynolds Consumer Products (NASDAQ:REYN) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.03. The firm had revenue of $877.00 million for the quarter, compared to analyst estimates of $822.42 million. Reynolds Consumer Products had a return on equity of 16.05% and a net margin of 8.70%.Reynolds Consumer Products’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.23 earnings per share. Reynolds Consumer Products has set its FY 2026 guidance at 1.570-1.630 EPS and its Q2 2026 guidance at 0.390-0.43 EPS. On average, sell-side analysts anticipate that Reynolds Consumer Products will post 1.59 EPS for the current fiscal year.

Institutional Trading of Reynolds Consumer Products

Several large investors have recently made changes to their positions in the stock. Larson Financial Group LLC raised its stake in shares of Reynolds Consumer Products by 70.4% in the 4th quarter. Larson Financial Group LLC now owns 1,264 shares of the company’s stock valued at $29,000 after acquiring an additional 522 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Reynolds Consumer Products by 127.7% in the fourth quarter. Farther Finance Advisors LLC now owns 1,391 shares of the company’s stock worth $32,000 after buying an additional 780 shares during the last quarter. SJS Investment Consulting Inc. boosted its holdings in shares of Reynolds Consumer Products by 4,657.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,808 shares of the company’s stock worth $38,000 after buying an additional 1,770 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in shares of Reynolds Consumer Products by 119.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,794 shares of the company’s stock worth $41,000 after buying an additional 978 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of Reynolds Consumer Products by 199,400.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,995 shares of the company’s stock worth $46,000 after buying an additional 1,994 shares during the period. Institutional investors own 26.81% of the company’s stock.

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.