Reynolds Consumer Products Inc. (NASDAQ:REYN) Receives $30.38 Average Price Target from Analysts

Shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) have been given an average recommendation of “Hold” by the eight analysts that are covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $30.38.

Several analysts recently issued reports on the company. Stifel Nicolaus cut their price target on Reynolds Consumer Products from $32.00 to $31.00 and set a “hold” rating on the stock in a report on Thursday, February 6th. JPMorgan Chase & Co. reduced their price target on shares of Reynolds Consumer Products from $30.00 to $28.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Canaccord Genuity Group lowered their price objective on shares of Reynolds Consumer Products from $31.00 to $30.00 and set a “hold” rating on the stock in a research note on Thursday, February 6th. Royal Bank of Canada restated a “sector perform” rating and issued a $32.00 target price on shares of Reynolds Consumer Products in a research report on Monday, February 3rd. Finally, Barclays reduced their price objective on shares of Reynolds Consumer Products from $27.00 to $25.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th.

Reynolds Consumer Products Price Performance

REYN stock opened at $23.39 on Thursday. The company has a current ratio of 2.04, a quick ratio of 0.99 and a debt-to-equity ratio of 0.79. The company has a market cap of $4.92 billion, a PE ratio of 13.92 and a beta of 0.56. The stock has a 50-day moving average price of $25.11 and a two-hundred day moving average price of $27.42. Reynolds Consumer Products has a 12-month low of $23.13 and a 12-month high of $32.65.

Reynolds Consumer Products (NASDAQ:REYN) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.58 EPS 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%. As a group, research analysts predict that Reynolds Consumer Products will post 1.66 EPS for the current year.

Reynolds Consumer Products Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.23 per share. The ex-dividend date was Friday, February 14th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.93%. Reynolds Consumer Products’s payout ratio is presently 54.76%.

Insider Transactions at Reynolds Consumer Products

In other news, Director Rolf Stangl bought 6,000 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was bought at an average price of $24.89 per share, for a total transaction of $149,340.00. Following the completion of the transaction, the director now directly owns 16,889 shares in the company, valued at $420,367.21. The trade was a 55.10 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.15% of the stock is owned by company insiders.

Institutional Investors Weigh In On Reynolds Consumer Products

Institutional investors have recently modified their holdings of the business. Atria Investments Inc boosted its stake in Reynolds Consumer Products by 16.1% during the 3rd quarter. Atria Investments Inc now owns 11,286 shares of the company’s stock worth $351,000 after acquiring an additional 1,565 shares during the last quarter. Victory Capital Management Inc. raised its position in Reynolds Consumer Products by 8.7% in the 3rd quarter. Victory Capital Management Inc. now owns 16,963 shares of the company’s stock valued at $528,000 after buying an additional 1,351 shares during the last quarter. Landscape Capital Management L.L.C. raised its holdings in shares of Reynolds Consumer Products by 38.4% in the third quarter. Landscape Capital Management L.L.C. now owns 130,256 shares of the company’s stock valued at $4,051,000 after purchasing an additional 36,146 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Reynolds Consumer Products by 22.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 70,255 shares of the company’s stock worth $2,185,000 after buying an additional 12,798 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Reynolds Consumer Products by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 572,862 shares of the company’s stock worth $17,816,000 after acquiring an additional 6,065 shares in the last quarter. 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.