Reynolds Consumer Products Inc. (NASDAQ:REYN) Receives Average Rating of “Hold” from Analysts

Reynolds Consumer Products Inc. (NASDAQ:REYN) has been given a consensus recommendation of “Hold” by the eight analysts that are currently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $30.38.

REYN has been the subject of several research reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $32.00 price target on shares of Reynolds Consumer Products in a report on Monday, February 3rd. Evercore ISI decreased their target price on shares of Reynolds Consumer Products from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday, February 6th. UBS Group cut their price target on shares of Reynolds Consumer Products from $30.00 to $29.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Canaccord Genuity Group reduced their price objective on shares of Reynolds Consumer Products from $31.00 to $30.00 and set a “hold” rating for the company in a research note on Thursday, February 6th. Finally, Barclays lowered their target price on shares of Reynolds Consumer Products from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th.

Reynolds Consumer Products Stock Down 1.1 %

Reynolds Consumer Products stock opened at $24.40 on Friday. Reynolds Consumer Products has a twelve month low of $23.61 and a twelve month high of $32.65. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.99 and a current ratio of 2.04. The firm has a market cap of $5.13 billion, a PE ratio of 14.52 and a beta of 0.50. The firm’s 50 day moving average price is $26.24 and its two-hundred day moving average price is $28.38.

Reynolds Consumer Products (NASDAQ:REYN) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.58 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.58. Reynolds Consumer Products had a net margin of 9.56% and a return on equity of 17.14%. On average, research analysts predict that Reynolds Consumer Products will post 1.66 EPS for the current fiscal year.

Reynolds Consumer Products Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.92 annualized dividend and a yield of 3.77%. Reynolds Consumer Products’s dividend payout ratio (DPR) is presently 54.76%.

Insider Buying and Selling at Reynolds Consumer Products

In other Reynolds Consumer Products news, Director Rolf Stangl acquired 6,000 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was acquired at an average price of $24.89 per share, with a total value of $149,340.00. Following the transaction, the director now owns 16,889 shares of the company’s stock, valued at approximately $420,367.21. This trade represents a 55.10 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.20% of the company’s stock.

Institutional Trading of Reynolds Consumer Products

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in REYN. Norges Bank bought a new stake in shares of Reynolds Consumer Products in the fourth quarter valued at approximately $17,964,000. Verition Fund Management LLC acquired a new position in Reynolds Consumer Products during the 3rd quarter valued at $12,844,000. Dimensional Fund Advisors LP boosted its holdings in Reynolds Consumer Products by 13.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,356,040 shares of the company’s stock valued at $63,586,000 after purchasing an additional 275,601 shares during the period. Beacon Harbor Wealth Advisors Inc. acquired a new stake in Reynolds Consumer Products in the 3rd quarter worth $5,731,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Reynolds Consumer Products by 1.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 13,107,822 shares of the company’s stock worth $351,564,000 after purchasing an additional 182,353 shares during the period. Institutional investors and hedge funds own 26.81% of the company’s stock.

Reynolds Consumer Products Company Profile

Reynolds Consumer Products Inc produces and sells products in cooking, waste and storage, and tableware product categories in the United States and internationally. It operates through four segments: Reynolds Cooking & Baking, Hefty Waste & Storage, Hefty Tableware, and Presto Products. The Reynolds Cooking & Baking segment produces aluminum foil, disposable aluminum pans, parchment paper, freezer paper, wax paper, butcher paper, plastic wrap, baking cups, oven bags, and slow cooker liners under the Reynolds Wrap, Reynolds KITCHENS, and EZ Foil brands in the United States, as well as under the ALCAN brand in Canada and under the Diamond brand internationally.