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

Shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) have been assigned a consensus recommendation of “Hold” from the ten analysts that are currently covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $26.75.

A number of research firms have recently commented on REYN. Royal Bank Of Canada boosted their price target on Reynolds Consumer Products from $25.00 to $28.00 and gave the stock a “sector perform” rating in a report on Thursday, October 30th. UBS Group increased their target price on shares of Reynolds Consumer Products from $25.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Zacks Research raised shares of Reynolds Consumer Products from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Canaccord Genuity Group upped their price target on shares of Reynolds Consumer Products from $25.00 to $27.00 and gave the stock a “hold” rating in a report on Thursday, October 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Reynolds Consumer Products in a research note on Friday, October 31st.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Allworth Financial LP grew its holdings in Reynolds Consumer Products by 433.2% during the 3rd quarter. Allworth Financial LP now owns 2,991 shares of the company’s stock worth $73,000 after acquiring an additional 2,430 shares during the period. Dark Forest Capital Management LP increased its stake in shares of Reynolds Consumer Products by 219.4% in the 3rd quarter. Dark Forest Capital Management LP now owns 53,567 shares of the company’s stock valued at $1,311,000 after acquiring an additional 36,794 shares in the last quarter. Voleon Capital Management LP acquired a new position in shares of Reynolds Consumer Products during the 3rd quarter valued at $469,000. Public Employees Retirement System of Ohio boosted its stake in Reynolds Consumer Products by 9.3% during the third quarter. Public Employees Retirement System of Ohio now owns 37,779 shares of the company’s stock worth $924,000 after acquiring an additional 3,207 shares in the last quarter. Finally, Mariner LLC grew its holdings in Reynolds Consumer Products by 412.0% in the third quarter. Mariner LLC now owns 54,960 shares of the company’s stock worth $1,345,000 after purchasing an additional 44,226 shares during the period. Institutional investors and hedge funds own 26.81% of the company’s stock.

Reynolds Consumer Products Price Performance

REYN stock opened at $23.81 on Friday. The company’s 50-day moving average price is $24.22 and its two-hundred day moving average price is $23.12. Reynolds Consumer Products has a 12 month low of $20.91 and a 12 month high of $28.22. The company has a quick ratio of 0.80, a current ratio of 1.94 and a debt-to-equity ratio of 0.74. The firm has a market cap of $5.01 billion, a P/E ratio of 16.31 and a beta of 0.55.

Reynolds Consumer Products (NASDAQ:REYN) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.03. Reynolds Consumer Products had a net margin of 8.20% and a return on equity of 15.88%. The business had revenue of $931.00 million for the quarter, compared to analyst estimates of $900.12 million. During the same quarter last year, the business posted $0.41 EPS. The firm’s revenue for the quarter 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 and its Q4 2025 guidance at 0.520-0.560 EPS. On average, analysts anticipate that Reynolds Consumer Products will post 1.66 earnings per share for the current fiscal year.

Reynolds Consumer Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $0.92 annualized dividend and a dividend yield of 3.9%. Reynolds Consumer Products’s payout ratio is currently 63.01%.

About Reynolds Consumer Products

Reynolds Consumer Products, Inc (NASDAQ: REYN) is a leading North American manufacturer and marketer of household consumer products. The company specializes in food storage and cooking solutions, including aluminum foil, plastic wrap, food storage containers and disposable tableware. Its core portfolio features well-known brands such as Reynolds Wrap aluminum foil, Hefty storage containers and trash bags, and Fastfold paper plates.

The company operates through a network of manufacturing and distribution facilities across North America, Latin America, Europe and the Asia Pacific region.