RBC Capital Reiterates Outperform Rating on Reynolds Consumer Products Inc. (REYN)

RBC Capital analyst Nik Modi reiterated an Outperform rating and $35.00 price target on Reynolds Consumer Products Inc. (NASDAQ: REYN) ahead of the company's 4Q earnings report. RBC Capital forecasts net sales growth of +6.3% (vs. consensus of +5.2%) and EPS of $0.56 (vs. consensus of $0.56). Modi anticipates continued momentum in Cooking, Baking, and Waste & Storage benefiting from reduced promotional environment.

Q4’20 will mark the lapping of REYN’s first public quarter. Modi expects REYN to continue providing quarterly guidance in addition to a full-year outlook.

For an analyst ratings summary and ratings history on Reynolds Consumer Products Inc. click here. For more ratings news on Reynolds Consumer Products Inc. click here.

Shares of Reynolds Consumer Products Inc. closed at $30.06 yesterday.

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