Reynolds Consumer Products Inc. (NASDAQ:REYN) Given Average Recommendation of “Hold” by Brokerages

Shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) have been assigned a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the company, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $28.33.

REYN has been the subject of several research analyst reports. JPMorgan Chase & Co. decreased their price target on shares of Reynolds Consumer Products from $26.00 to $24.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Stifel Nicolaus decreased their target price on Reynolds Consumer Products from $31.00 to $27.00 and set a “hold” rating for the company in a research note on Thursday, April 10th. Royal Bank Of Canada restated a “sector perform” rating and issued a $30.00 price target on shares of Reynolds Consumer Products in a report on Monday, April 28th. UBS Group dropped their price target on Reynolds Consumer Products from $26.00 to $25.00 and set a “neutral” rating on the stock in a research report on Thursday, May 1st. Finally, Truist Financial decreased their price objective on Reynolds Consumer Products from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, April 24th.

Insider Buying and Selling

In other Reynolds Consumer Products news, Director Rolf Stangl bought 4,500 shares of Reynolds Consumer Products stock in a transaction that occurred on Friday, June 20th. The stock was acquired at an average price of $21.24 per share, for a total transaction of $95,580.00. Following the completion of the acquisition, the director now owns 30,889 shares of the company’s stock, valued at $656,082.36. This trade represents a 17.05% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Chris Mayrhofer purchased 5,048 shares of the business’s stock in a transaction on Friday, May 30th. The shares were acquired at an average cost of $21.99 per share, for a total transaction of $111,005.52. Following the completion of the transaction, the chief accounting officer now directly owns 23,266 shares in the company, valued at approximately $511,619.34. This represents a 27.71% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders bought 34,766 shares of company stock worth $765,632. 0.15% of the stock is owned by corporate insiders.

Institutional Trading of Reynolds Consumer Products

Institutional investors and hedge funds have recently bought and sold shares of the stock. Versant Capital Management Inc grew its stake in Reynolds Consumer Products by 38.1% in the first quarter. Versant Capital Management Inc now owns 2,543 shares of the company’s stock valued at $61,000 after purchasing an additional 701 shares in the last quarter. Quarry LP boosted its holdings in shares of Reynolds Consumer Products by 187.0% in the 4th quarter. Quarry LP now owns 2,531 shares of the company’s stock valued at $68,000 after buying an additional 1,649 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Reynolds Consumer Products by 667.1% in the fourth quarter. Farther Finance Advisors LLC now owns 2,585 shares of the company’s stock valued at $70,000 after buying an additional 2,248 shares in the last quarter. Covestor Ltd increased its holdings in Reynolds Consumer Products by 12.3% during the first quarter. Covestor Ltd now owns 4,670 shares of the company’s stock worth $111,000 after buying an additional 513 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in Reynolds Consumer Products during the fourth quarter worth $165,000. Institutional investors own 26.81% of the company’s stock.

Reynolds Consumer Products Stock Up 0.1%

Shares of Reynolds Consumer Products stock opened at $21.30 on Friday. The business has a fifty day simple moving average of $22.38 and a 200 day simple moving average of $24.32. The stock has a market cap of $4.48 billion, a PE ratio of 13.31 and a beta of 0.58. The company has a quick ratio of 0.72, a current ratio of 1.80 and a debt-to-equity ratio of 0.76. Reynolds Consumer Products has a 12 month low of $20.91 and a 12 month high of $32.65.

Reynolds Consumer Products (NASDAQ:REYN) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.23 EPS for the quarter, meeting analysts’ consensus estimates of $0.23. Reynolds Consumer Products had a return on equity of 16.87% and a net margin of 9.11%. The company had revenue of $801.00 million during the quarter, compared to analysts’ expectations of $821.99 million. During the same period in the prior year, the business posted $0.23 EPS. Reynolds Consumer Products’s revenue was down 1.8% on a year-over-year basis. Research analysts predict that Reynolds Consumer Products will post 1.66 EPS for the current year.

Reynolds Consumer Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $0.92 annualized dividend and a dividend yield of 4.32%. Reynolds Consumer Products’s dividend payout ratio is currently 57.50%.

About Reynolds Consumer Products

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.