Canaccord analyst Brian McNamara has revised his outlook on Reynolds Consumer Products (REYN, Financial), reducing the price target from $30 to $27 while maintaining a Hold rating on the stock. This adjustment occurs as the firm updates its model in anticipation of the first quarter results.
The decision to lower the target price stems from an analysis of various data sources, including Circana sales figures, insights from Semrush, and trends observed in social media activity. These evaluations were conducted across four companies within the firm's coverage, providing a broader context for the decision on Reynolds Consumer Products.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 8 analysts, the average target price for Reynolds Consumer Products Inc (REYN, Financial) is $28.63 with a high estimate of $35.00 and a low estimate of $22.00. The average target implies an upside of 18.87% from the current price of $24.08. More detailed estimate data can be found on the Reynolds Consumer Products Inc (REYN) Forecast page.
Based on the consensus recommendation from 9 brokerage firms, Reynolds Consumer Products Inc's (REYN, Financial) average brokerage recommendation is currently 2.6, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Reynolds Consumer Products Inc (REYN, Financial) in one year is $27.50, suggesting a upside of 14.2% from the current price of $24.08. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Reynolds Consumer Products Inc (REYN) Summary page.
