Reynolds Consumer Products (NASDAQ:REYN) Upgraded at Zacks Research

Zacks Research upgraded shares of Reynolds Consumer Products (NASDAQ:REYN) from a hold rating to a strong-buy rating in a report released on Tuesday morning,Zacks.com reports.

Several other equities analysts have also weighed in on REYN. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Reynolds Consumer Products in a report on Friday, October 31st. UBS Group lifted their price objective on shares of Reynolds Consumer Products from $25.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. Royal Bank Of Canada increased their target price on shares of Reynolds Consumer Products from $25.00 to $28.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 30th. Barclays raised their price objective on Reynolds Consumer Products from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, August 1st. Finally, Canaccord Genuity Group increased their target price on Reynolds Consumer Products from $25.00 to $27.00 and gave the company a “hold” rating in a research report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Reynolds Consumer Products presently has an average rating of “Hold” and an average target price of $26.75.

Reynolds Consumer Products Trading Up 0.4%

Shares of Reynolds Consumer Products stock opened at $24.85 on Tuesday. The stock has a market cap of $5.23 billion, a PE ratio of 17.02 and a beta of 0.58. The firm has a fifty day moving average price of $23.71 and a 200 day moving average price of $22.81. Reynolds Consumer Products has a 1 year low of $20.91 and a 1 year high of $28.66. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.94 and a quick ratio of 0.80.

Reynolds Consumer Products (NASDAQ:REYN) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. Reynolds Consumer Products had a return on equity of 15.88% and a net margin of 8.20%.The business had revenue of $931.00 million during the quarter, compared to analyst estimates of $900.12 million. During the same quarter last year, the business posted $0.41 EPS. The company’s revenue was up 2.3% on a year-over-year basis. Reynolds Consumer Products has set its FY 2025 guidance at 1.400-1.440 EPS. Q4 2025 guidance at 0.520-0.560 EPS. Equities research analysts predict that Reynolds Consumer Products will post 1.66 earnings per share for the current year.

Reynolds Consumer Products Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.7%. Reynolds Consumer Products’s dividend payout ratio is presently 63.01%.

Insider Buying and Selling at Reynolds Consumer Products

In other Reynolds Consumer Products news, Director Duncan Hawkesby purchased 159,506 shares of the stock in a transaction that occurred on Tuesday, August 26th. The shares were purchased at an average cost of $22.99 per share, for a total transaction of $3,667,042.94. Following the completion of the transaction, the director owned 334,092 shares of the company’s stock, valued at $7,680,775.08. The trade was a 91.36% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have bought 231,092 shares of company stock valued at $5,316,902 over the last quarter. Company insiders own 0.15% of the company’s stock.

Institutional Investors Weigh In On Reynolds Consumer Products

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC increased its stake in shares of Reynolds Consumer Products by 858.3% in the 2nd quarter. Jane Street Group LLC now owns 1,204,840 shares of the company’s stock worth $25,808,000 after acquiring an additional 1,079,116 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Reynolds Consumer Products by 107.3% during the 2nd quarter. AQR Capital Management LLC now owns 1,880,175 shares of the company’s stock worth $40,142,000 after buying an additional 973,374 shares during the last quarter. Clifford Capital Partners LLC increased its stake in Reynolds Consumer Products by 4,507.2% during the second quarter. Clifford Capital Partners LLC now owns 707,853 shares of the company’s stock worth $15,162,000 after acquiring an additional 692,489 shares during the last quarter. Norges Bank acquired a new stake in Reynolds Consumer Products during the second quarter worth $14,256,000. Finally, First Trust Advisors LP raised its position in Reynolds Consumer Products by 13.9% in the second quarter. First Trust Advisors LP now owns 2,521,685 shares of the company’s stock valued at $54,015,000 after purchasing an additional 306,936 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.