Truist Financial analyst Bill Chappell maintains $Reynolds Consumer Products (REYN.US)$ with a buy rating.
According to TipRanks data, the analyst has a success rate of 52.0% and a total average return of 4.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Reynolds Consumer Products (REYN.US)$'s main analysts recently are as follows:
State-level prohibitions and evolving consumer tastes have led to a decrease in foam tableware sales, contributing significantly to the company's gross margin miss. These factors are expected to continue to be a short-term challenge to sales.
The third quarter results for Reynolds Consumer Products were largely aligned with market expectations, and the forecast for fiscal year 2024 has been increased due to unexpectedly robust third-quarter non-retail revenues.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
