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

Reynolds Consumer Products Inc. (NASDAQ:REYN) has been given a consensus recommendation of “Hold” by the nine research firms that are currently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $28.00.

A number of analysts have commented on the company. Truist Financial reduced 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. Barclays raised their price objective on Reynolds Consumer Products from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Friday, August 1st. UBS Group raised their target price on Reynolds Consumer Products from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, July 31st. Wall Street Zen upgraded Reynolds Consumer Products from a “sell” rating to a “hold” rating in a research report on Friday, May 30th. Finally, Canaccord Genuity Group cut their target price on Reynolds Consumer Products from $27.00 to $26.00 and set a “hold” rating for the company in a research report on Thursday, May 1st.

Reynolds Consumer Products Price Performance

Shares of REYN stock opened at $22.58 on Friday. The stock has a 50 day moving average of $21.88 and a two-hundred day moving average of $23.06. The company has a current ratio of 1.85, a quick ratio of 0.75 and a debt-to-equity ratio of 0.75. Reynolds Consumer Products has a 12 month low of $20.91 and a 12 month high of $32.65. The company has a market capitalization of $4.75 billion, a P/E ratio of 15.15 and a beta of 0.58.

Reynolds Consumer Products (NASDAQ:REYN) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. Reynolds Consumer Products had a return on equity of 16.00% and a net margin of 8.44%. The company had revenue of $938.00 million during the quarter, compared to the consensus estimate of $899.05 million. During the same quarter last year, the company earned $0.46 EPS. The company’s quarterly revenue was up .9% on a year-over-year basis. As a group, equities analysts expect that Reynolds Consumer Products will post 1.66 EPS for the current year.

Reynolds Consumer Products Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Friday, August 15th. Reynolds Consumer Products’s dividend payout ratio (DPR) is currently 61.74%.

Insiders Place Their Bets

In other Reynolds Consumer Products news, Director Rolf Stangl purchased 4,500 shares of the company’s stock in a transaction that occurred on Friday, June 20th. The stock was purchased at an average cost of $21.24 per share, with a total value of $95,580.00. Following the acquisition, the director directly owned 30,889 shares of the company’s stock, valued at approximately $656,082.36. This trade represents a 17.05% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CAO Chris Mayrhofer purchased 5,048 shares of the company’s stock in a transaction that occurred on Friday, May 30th. The shares were acquired at an average cost of $21.99 per share, with a total value of $111,005.52. Following the completion of the acquisition, the chief accounting officer directly owned 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. Insiders have purchased a total of 32,266 shares of company stock valued at $707,582 over the last ninety days. Insiders own 0.15% of the company’s stock.

Institutional Investors Weigh In On Reynolds Consumer Products

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Ariel Investments LLC increased its holdings in Reynolds Consumer Products by 6.1% during the 4th quarter. Ariel Investments LLC now owns 7,446 shares of the company’s stock valued at $201,000 after purchasing an additional 426 shares in the last quarter. First Horizon Advisors Inc. increased its stake in shares of Reynolds Consumer Products by 40.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,601 shares of the company’s stock valued at $34,000 after buying an additional 464 shares during the period. Covestor Ltd increased its stake in shares of Reynolds Consumer Products by 12.3% in the 1st quarter. Covestor Ltd now owns 4,670 shares of the company’s stock valued at $111,000 after buying an additional 513 shares during the period. Baird Financial Group Inc. increased its stake in shares of Reynolds Consumer Products by 1.6% in the 2nd quarter. Baird Financial Group Inc. now owns 32,882 shares of the company’s stock valued at $704,000 after buying an additional 516 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey increased its stake in shares of Reynolds Consumer Products by 2.6% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 20,599 shares of the company’s stock valued at $441,000 after buying an additional 523 shares during the period. 26.81% of the stock is owned by institutional investors and hedge funds.

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.