Stifel lifts Reynolds Consumer Products Inc. [REYN] price estimate. Who else is bullish?
Reynolds Consumer Products Company. [NASDAQ: REYN] The stock went on an upward trajectory, up more than 1.77% on Wednesday, which is a one-week price drop of less than -1.89%. Company report on September 8, 2022 Reynolds Consumer Products provides an update ahead of the Barclays Global Consumer Staples Conference.
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Reynolds Consumer Products Inc. reiterated. (“Reynolds”, “RCP” or the “Company”) (NASDAQ: REYN) today the fourth quarter and fiscal year ended December 31, 2022, and has updated its net revenue growth scope forecast for the third quarter. Expired September 30, 2022.
The company reiterates the earnings guidance ranges it provided in its August 9, 2022 earnings statement for the third quarter ending September 30, 2022 and the fourth quarter and fiscal year ending December 31, 2022. However, the company is updating its net revenue performance forecast for the third quarter to net revenue growth at the limit Lower than the previously announced range of 8% to 12% on $905 million in the prior year, due to lower non-retail third-party sales volumes and the impact of flexibility and reopening of the company’s waste and food bag business.
Over the past 12 months, REYN stock is down -3.16%. Reynolds Consumer Products Inc’s one-year stock outlook is for a potential rise of 13.0. The average equity rating of REYN is currently 2.60, and it is trading near a bullish pattern in the stock market.
The stock has a market capitalization of $5.67 billion, with 209.90 million shares outstanding and 54.20 million shares in the current float. Compared to an average trading volume of 393.95 thousand shares, REYN stock reached a trading volume of 3,726,473 on the last trading day, which is why market watchers consider the stock to be active.
Educator’s opinion of Reynolds Consumer Products Inc. [REYN]:
Based on careful, fact-backed analysis by Wall Street experts, the current consensus on a target price for REYN shares is $31.00 per share. Target price analysis and stock performance are usually carefully studied by market experts, and the current Wall Street consensus for REYN stock is a set recommendation at 2.60. This rating represents a strong buy recommendation, on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 represents hold, and 2 indicates buy.
Stifel made an estimate for shares of Reynolds Consumer Products Inc. , retaining their opinion of the stock as Hold, with their previous recommendation back on April 13, 2022. While these analysts held the previous recommendation, Goldman cut the target price from $34 to $26. The new price target note was released on March 29, 2022, which is the official target price for Reynolds Consumer Products Inc.’s stock. Previously, the target price had taken another increase from $32 to $35, while Citigroup maintained a neutral rating on REYN stock.
The Average True Range (ATR) is set for Reynolds Consumer Products Inc. at 0.58, with a price-to-sales ratio for REYN stock in the past 12-month period at 1.54. The price-to-book ratio for the last quarter was 3.19, with the price-to-cash ratio per share in the same quarter set at 0.48. REYN’s free cash flow rate for the past 12 months was 73.59 with a Q4 quick ratio of 0.80.
REYN stock performance analysis:
Reynolds Consumer Products Company. [REYN] It fell into the red at the end of last week, fell in a negative direction and fell by -1.89. With this latest performance, REYN shares are down -2.85% over the past four-week period, and also -7.32% over the past six months – not to mention a -3.16% drop in the last year of trading.
Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for REYN stock for the last two weeks was set at 38.48, with the RSI for the last one traded at 37.04, and the three-week RSI was set at 40.75 for Reynolds Consumer Products Inc. [REYN]. The current moving average for the last 50 trading days for this stock is 28.39 while it recorded at 27.16 for the last trading week, and 28.88 for the last 200 days.
An insight into the fundamentals of Reynolds Consumer Products Inc.
Operating margin for any stock indicates how profitable the investment is, Reynolds Consumer Products Inc. [REYN] The stock currently has an operating margin of +13.84 and a gross margin of +21.71. Reynolds Consumer Products Inc. reported net margin. Currently at +9.11.
The return on equity for this stock fell to 19.22, with the return on assets remaining at 6.73.
Reynolds Consumer Products Inc.’s liquidity data is Interesting too, with the quick ratio at 0.80 and the current ratio at 2.20.
REYN Stock EPS
The company’s progress can be seen through the prism of the EPS growth rate, while Wall Street analysts focus on forecasting the 5-year EPS growth rate for REYN. When it comes to the stated value, analysts expect the 5-year EPS growth rate to rise for Reynolds Consumer Products Inc. to 3.50%.
Reynolds Consumer Products Company. [REYN] Insider position details
There are currently approximately $1,613 million, or 32.30% of REYN’s stock, in the hands of institutional investors. The three largest corporate owners of Ryan shares are: ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC with 12598894 ownership, which represents approximately -1.46% of the company’s market capitalization and approximately 74.18% of the total institutional ownership; PRICE T ROWE ASSOCIATES INC/MD/, which owns 10,040,368 shares of stock with an approximate value of $270.79 million in REYN stock; and FMR LLC, currently worth $183.11 million in REYN stock with ownership of approximately 17.947% of the company’s market value.
Positions increased in shares of Reynolds Consumer Products Inc. held by institutional investors at the end of August and at the time of the August report, as 99 institutional owners consolidated their positions at Reynolds Consumer Products Inc. [NASDAQ:REYN] 4,481,827 shares. In addition, the number of 91 investors decreased by about 3,722,856 shares, while 17 investors held positions with 51,596,894 shares. The said changes put institutional holdings at 5,981,577 shares, according to the latest report from the Securities and Exchange Commission. REYN stock had 28 new institutional investments for a total of 659,458 shares, while 24 institutional investors sold positions of 256,405 shares during the same period.