Reynolds Consumer Products (NASDAQ:REYN) Lowered to Strong Sell Rating by Zacks Research

Reynolds Consumer Products (NASDAQ:REYN) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Wednesday,Zacks.com reports.

Several other equities research analysts have also issued reports on the company. Canaccord Genuity Group reduced their price target on Reynolds Consumer Products from $27.00 to $24.00 and set a “hold” rating for the company in a report on Monday, January 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Reynolds Consumer Products in a research report on Wednesday, January 28th. Royal Bank Of Canada reduced their target price on shares of Reynolds Consumer Products from $28.00 to $25.00 and set a “sector perform” rating for the company in a research note on Thursday, February 5th. Finally, UBS Group boosted their target price on shares of Reynolds Consumer Products from $25.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $25.43.

Reynolds Consumer Products Trading Up 0.1%

Reynolds Consumer Products stock opened at $23.30 on Wednesday. Reynolds Consumer Products has a 12 month low of $20.91 and a 12 month high of $26.25. The company has a quick ratio of 0.92, a current ratio of 1.93 and a debt-to-equity ratio of 0.70. The stock has a market cap of $4.90 billion, a P/E ratio of 16.18 and a beta of 0.57. The company’s fifty day simple moving average is $23.53 and its 200-day simple moving average is $23.58.

Reynolds Consumer Products (NASDAQ:REYN) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.01). Reynolds Consumer Products had a return on equity of 15.86% and a net margin of 8.09%.The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the business posted $0.58 earnings per share. Reynolds Consumer Products’s revenue was up 3.4% on a year-over-year basis. Reynolds Consumer Products has set its FY 2026 guidance at 1.570-1.630 EPS and its Q1 2026 guidance at 0.230-0.250 EPS. As a group, sell-side analysts forecast that Reynolds Consumer Products will post 1.66 EPS for the current fiscal year.

Institutional Trading of Reynolds Consumer Products

A number of institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada grew its stake in 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 buying an additional 1,720 shares during the last quarter. Millennium Management LLC lifted its position in Reynolds Consumer Products by 11.3% during the 1st quarter. Millennium Management LLC now owns 592,459 shares of the company’s stock worth $14,136,000 after acquiring an additional 60,198 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Reynolds Consumer Products by 60.1% during 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 acquiring an additional 83,633 shares during the period. Jane Street Group LLC boosted its holdings in Reynolds Consumer Products by 488.4% during the first quarter. Jane Street Group LLC now owns 125,724 shares of the company’s stock valued at $3,000,000 after acquiring an additional 104,357 shares during the period. Finally, Blue Trust Inc. grew its position in shares of Reynolds Consumer Products by 1,154.6% in the second quarter. Blue Trust Inc. now owns 4,893 shares of the company’s stock valued at $105,000 after purchasing an additional 4,503 shares during the last quarter. 26.81% of the stock is currently owned by institutional investors and hedge funds.

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.