Reynolds Consumer Products Inc [REYN] stock prices are down -2.23% to $28.04 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The REYN shares have gain 0.47% over the last week, with a monthly amount glided 2.00%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Reynolds Consumer Products Inc [NASDAQ: REYN] stock has seen the most recent analyst activity on November 22, 2023, when JP Morgan downgraded its rating to a Neutral and also revised its price target to $28 from $29. Previously, Goldman upgraded its rating to Neutral on October 03, 2023, and elevated its price target to $30. On March 30, 2023, Canaccord Genuity initiated with a Hold rating and assigned a price target of $28 on the stock. Credit Suisse downgraded its rating to a Neutral and decreased its price target to $32 on January 17, 2023. RBC Capital Mkts downgraded its rating to a Sector Perform but $30 remained the price target by the analyst firm on January 03, 2023. Stifel downgraded its rating to Hold for this stock on April 13, 2022, and downed its price target to $31. In a note dated March 29, 2022, Goldman downgraded an Sell rating on this stock and revised its target price from $34 to $26.
The stock price of Reynolds Consumer Products Inc [REYN] has been fluctuating between $24.80 and $30.54 over the past year. Currently, Wall Street analysts expect the stock to reach $35 within the next 12 months. Reynolds Consumer Products Inc [NASDAQ: REYN] shares were valued at $28.04 at the most recent close of the market. An investor can expect a potential return of 24.82% based on the average REYN price forecast.
Analyzing the REYN fundamentals
The Reynolds Consumer Products Inc [NASDAQ:REYN] reported sales of 3.71B for trailing twelve months, representing a drop of -4.69%. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.17 and Total Capital is 0.13. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.93.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 27.84 points at the first support level, and at 27.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 28.41, and for the 2nd resistance point, it is at 28.78.
Ratios To Look Out For
It’s worth pointing out that Reynolds Consumer Products Inc [NASDAQ:REYN]’s Current Ratio is 2.11. Also, the Quick Ratio is 1.01, while the Cash Ratio stands at 0.26. Considering the valuation of this stock, the price to sales ratio is 1.59, the price to book ratio is 2.96 and price to earnings (TTM) ratio is 17.85.
