Reynolds Consumer Products ( (REYN) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Reynolds Consumer Products’ stock has been impacted by a series of price target reductions from analysts following its Q1 earnings report. The company reported a decline in net revenues and net income due to refinancing and CEO transition costs. Despite some positive revenue movements in segments like Reynolds Cooking & Baking, Hefty Tableware faced declines due to reduced foam volume and higher costs. The company’s revised fiscal guidance anticipates a slight decrease in net revenues and adjusted EBITDA for 2025, reflecting challenging macroeconomic conditions. As a result, analysts have adjusted their price targets downward.
More about Reynolds Consumer Products
YTD Price Performance: -13.99%
Average Trading Volume: 796,392
Technical Sentiment Signal: Buy
Current Market Cap: $4.83B
For further insights into REYN stock on TipRanks’ Stock Analysis page.
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