RBC Capital Sticks to Their Hold Rating for Reynolds Consumer Products (REYN)

RBC Capital analyst Nik Modi maintained a Hold rating on Reynolds Consumer Products (REYN – Research Report) today and set a price target of $31.00. The company’s shares closed yesterday at $28.66.

Modi covers the Consumer Defensive sector, focusing on stocks such as Constellation Brands, Colgate-Palmolive, and Clorox. According to TipRanks, Modi has an average return of 6.7% and a 61.80% success rate on recommended stocks.

Reynolds Consumer Products has an analyst consensus of Hold, with a price target consensus of $29.57, a 3.18% upside from current levels. In a report released today, Stifel Nicolaus also maintained a Hold rating on the stock with a $30.00 price target.

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Based on Reynolds Consumer Products’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.01 billion and a net profit of $137 million. In comparison, last year the company earned a revenue of $1.09 billion and had a net profit of $106 million

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Reynolds Consumer Products (REYN) Company Description:

Reynolds Consumer Products, Inc. manufactures and sells household products. It operates through the following segments: Presto Products, Reynolds Cooking & Baking, Hefty Waste & Storage and Hefty Tableware. The Reynolds Cooking & Baking segment produces branded and store brand foil, disposable aluminum pans, parchment paper, freezer paper, wax paper, plastic wrap, baking cups, oven bags and slow cooker liners. The Hefty Waste & Storage segment produces both branded and store brand trash and food storage bags. Its products are sold under the Hefty Ultra Strong, Hefty Strong Trash Bags, Hefty Renew and Hefty Slider Bags brands. The Hefty Tableware segment sells both branded and store brand disposable and compostable plates, bowls, platters, cups and cutlery. The Presto Products segment sells store brand products in four main categories including food storage bags, trash bags, reusable storage containers and plastic wrap. The company was founded on September 29, 2011 and is headquartered in Lake Forest, IL.