In a report released yesterday, Lauren Lieberman from Barclays maintained a Hold rating on Reynolds Consumer Products (REYN), with a price target of $31.00. The company’s shares closed last Thursday at $29.21.
According to TipRanks.com, Lieberman is a 2-star analyst with an average return of -1.2% and a 47.1% success rate. Lieberman covers the Consumer Goods sector, focusing on stocks such as International Flavors & Fragrances, Coca-Cola European Partners, and Edgewell Personal Care.
Currently, the analyst consensus on Reynolds Consumer Products is a Strong Buy with an average price target of $35.11, representing a 24.1% upside. In a report issued on March 23, RBC Capital also maintained a Hold rating on the stock with a $32.00 price target.
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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.
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