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Investing.com - Canaccord Genuity raised its price target on Reynolds Consumer Products Inc. (NASDAQ:REYN) to $27.00 from $25.00 on Thursday, while maintaining a Hold rating on the stock. The new target represents an 8% upside from the current price of $24.95, with InvestingPro data showing the stock is trading very close to its calculated Fair Value.
The price target adjustment follows Reynolds Consumer Products’ third-quarter results, which exceeded market expectations for both sales and profitability. The company reported these results before market open on Thursday. Reynolds has maintained profitability over the last twelve months with earnings per share of $1.48 and a gross profit margin of 25.36%.
Despite citing ongoing challenges in the operating environment, Reynolds Consumer Products raised its full-year 2025 guidance, pointing to confidence in retail trends and the implementation of internal initiatives designed to improve near-term and long-term results. InvestingPro shows the company has a solid financial foundation with liquid assets exceeding short-term obligations and a healthy current ratio of 1.85.
Canaccord Genuity noted growing optimism about the company’s strategy, particularly its investments in innovation and other internal growth and margin initiatives. The firm indicated it could adopt a more positive stance when it sees evidence of modest, sustainable volume growth returning.
The research firm subsequently increased its estimates for Reynolds Consumer Products while reiterating its Hold rating on the stock.
In other recent news, Reynolds Consumer Products reported stronger-than-expected earnings for the third quarter of 2025. The company achieved an earnings per share (EPS) of $0.42, surpassing analyst expectations of $0.39. Additionally, Reynolds’ revenue exceeded forecasts, reaching $931 million compared to the anticipated $899.69 million. These positive financial results are significant developments for the company. There is no mention of mergers or acquisitions in the recent updates. Analysts have not reported any upgrades or downgrades for Reynolds at this time. These recent developments highlight the company’s financial performance.
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