Truist Securities analyst Bill Chappell has revised the price target for Reynolds Consumer Products (REYN, Financial), lowering it from $35 to $30. Despite the adjustment, the analyst maintains a Buy rating on the stock as the company approaches its upcoming quarterly earnings report.
The decision to lower the price target is driven by current market conditions and a broader trend of multiple contraction seen across various industry sectors. This strategic move reflects adjustments needed to adapt to the evolving financial landscape.
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 19.12% from the current price of $24.03. 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 14.44% from the current price of $24.03. 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.
