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RBC Capital Stick to Their Buy Rating for Reynolds Consumer Products

Nov 21, 2021 08:46PM ET
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RBC Capital analyst Nik Modi maintained a Buy rating on Reynolds Consumer Products (NASDAQ:REYN) on Friday, setting a price target of $33, which is approximately 10.52% above the present share price of $29.86.

Modi expects Reynolds Consumer Products to post earnings per share (EPS) of $0.31 for the fourth quarter of 2021.

The current consensus among 6 TipRanks analysts is for a Moderate Buy rating of shares in Reynolds Consumer Products, with an average price target of $33.5.
The analysts price targets range from a high of $44 to a low of $29.

In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $905 million and a net profit of $100 million. The company's market cap is $6.26 billion.

According to TipRanks.com, RBC Capital analyst Nik Modi is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 14.2% and a 69.72% success rate.

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.

RBC Capital Stick to Their Buy Rating for Reynolds Consumer Products
 

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