Reynolds Consumer Products: Upgrade To Hold As Earnings Outlook Is Better Than Expected [Seeking Alpha]
Reynolds Consumer Products Inc. (REYN)
Company Research
Source: Seeking Alpha
Summary Upgraded REYN from sell to hold due to effective pricing strategy, macro tailwinds, and margin expansion, despite the recent share price surge. The new pricing strategy exceeded expectations, with significant volume/mix growth recovery and potential for positive growth in 2H24. Elevated interest rates and high food prices are shifting consumption to at-home, benefiting REYN's cooking & baking and tableware segments. Shana Novak Summary Following my coverage on Reynolds Consumer Products ( NASDAQ: REYN ) in Jun'24, in which I recommended a sell rating due to my expectation that the new pricing strategy would not work and that the high rates environment will be a headwind to REYN's tableware business, this post is to provide an update on my thoughts on the business and stock. I upgrade my rating from sell to hold as I see potential for REYN to meet the consensus FY25 EPS estimate, driven by various factors including a better-than-expected result from the pricing str
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REYN
News
- The Hefty® Brand Launches Trash Time Out to Transform Trash Duty into a Moment of Zen [Yahoo! Finance]Yahoo! Finance
- Reynolds Consumer Products (NASDAQ:REYN) Could Be A Buy For Its Upcoming Dividend [Yahoo! Finance]Yahoo! Finance
- Here's What Analysts Are Forecasting For Reynolds Consumer Products Inc. (NASDAQ:REYN) After Its Third-Quarter Results [Yahoo! Finance]Yahoo! Finance
- Reynolds Consumer Products Inc. (NASDAQ: REYN) had its price target lowered by analysts at Barclays PLC from $29.00 to $28.00. They now have an "equal weight" rating on the stock.MarketBeat
- Reynolds Consumer Products Inc. (REYN) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
REYN
Earnings
- 10/30/24 - In-Line
REYN
Sec Filings
- 11/18/24 - Form 4
- 11/14/24 - Form 144
- 11/4/24 - Form 4
- REYN's page on the SEC website