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

Reynolds Consumer Products Inc. (NASDAQ:REYN) has received a consensus recommendation of “Hold” from the five research firms that are covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $29.80.

A number of equities analysts have issued reports on the company. Stifel Nicolaus reiterated a “hold” rating and issued a $30.00 price objective on shares of Reynolds Consumer Products in a report on Wednesday, March 20th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $31.00 price target on shares of Reynolds Consumer Products in a research note on Wednesday, March 20th. JPMorgan Chase & Co. lifted their price target on shares of Reynolds Consumer Products from $29.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. TheStreet upgraded shares of Reynolds Consumer Products from a “c+” rating to a “b-” rating in a report on Thursday, February 1st. Finally, Barclays lifted their target price on shares of Reynolds Consumer Products from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, April 12th.

Institutional Investors Weigh In On Reynolds Consumer Products

Institutional investors and hedge funds have recently made changes to their positions in the company. KLCM Advisors Inc. boosted its position in shares of Reynolds Consumer Products by 112.6% during the fourth quarter. KLCM Advisors Inc. now owns 522,891 shares of the company’s stock valued at $14,034,000 after buying an additional 276,898 shares during the last quarter. FMR LLC grew its stake in shares of Reynolds Consumer Products by 7.4% in the third quarter. FMR LLC now owns 6,454,619 shares of the company’s stock worth $165,432,000 after acquiring an additional 442,654 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Reynolds Consumer Products by 840.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 131,324 shares of the company’s stock valued at $3,366,000 after purchasing an additional 117,364 shares during the last quarter. Barclays PLC lifted its position in Reynolds Consumer Products by 2.3% during the third quarter. Barclays PLC now owns 27,586 shares of the company’s stock valued at $707,000 after purchasing an additional 632 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Reynolds Consumer Products by 4.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 485,895 shares of the company’s stock worth $12,453,000 after purchasing an additional 22,071 shares during the last quarter. Institutional investors own 26.81% of the company’s stock.

Reynolds Consumer Products Price Performance

Shares of NASDAQ REYN opened at $28.46 on Monday. Reynolds Consumer Products has a 1 year low of $24.80 and a 1 year high of $30.54. The stock has a market capitalization of $5.98 billion, a P/E ratio of 20.04 and a beta of 0.49. The company’s 50-day moving average is $28.70 and its 200 day moving average is $27.42. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.18 and a quick ratio of 1.08.

Reynolds Consumer Products (NASDAQ:REYN) last posted its earnings results on Wednesday, February 7th. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.03. Reynolds Consumer Products had a return on equity of 15.77% and a net margin of 7.98%. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the business earned $0.53 EPS. The business’s revenue for the quarter was down 7.5% on a year-over-year basis. On average, sell-side analysts expect that Reynolds Consumer Products will post 1.61 earnings per share for the current year.

Reynolds Consumer Products Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be paid a $0.23 dividend. The ex-dividend date is Thursday, May 16th. This represents a $0.92 annualized dividend and a dividend yield of 3.23%. Reynolds Consumer Products’s dividend payout ratio is presently 64.79%.

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.