Reynolds Consumer Products (NASDAQ:REYN) Price Target Lowered to $25.00 at UBS Group

Reynolds Consumer Products (NASDAQ:REYN) had its target price reduced by UBS Group from $26.00 to $25.00 in a report published on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other research analysts have also weighed in on the stock. Canaccord Genuity Group raised their target price on shares of Reynolds Consumer Products from $25.00 to $27.00 and gave the stock a “hold” rating in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Reynolds Consumer Products in a report on Friday, October 31st. Zacks Research downgraded Reynolds Consumer Products from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 30th. Finally, Royal Bank Of Canada boosted their price objective on 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. Two equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $26.63.

Reynolds Consumer Products Stock Up 1.5%

NASDAQ REYN opened at $24.33 on Wednesday. The business has a fifty day moving average price of $23.99 and a 200 day moving average price of $23.36. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.80 and a current ratio of 1.94. The company has a market cap of $5.12 billion, a P/E ratio of 16.66 and a beta of 0.57. Reynolds Consumer Products has a one year low of $20.91 and a one year high of $28.22.

Reynolds Consumer Products (NASDAQ:REYN) last announced its 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. The company had revenue of $931.00 million for the quarter, compared to analysts’ expectations of $900.12 million. Reynolds Consumer Products had a net margin of 8.20% and a return on equity of 15.88%. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.41 EPS. 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. Research analysts anticipate that Reynolds Consumer Products will post 1.66 EPS 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 given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, November 14th. Reynolds Consumer Products’s dividend payout ratio (DPR) is presently 63.01%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of REYN. Blue Trust Inc. increased its position in shares of Reynolds Consumer Products by 9.4% during the third quarter. Blue Trust Inc. now owns 5,355 shares of the company’s stock valued at $131,000 after acquiring an additional 462 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings 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 worth $34,000 after acquiring an additional 464 shares during the last quarter. Baird Financial Group Inc. boosted its position in shares of Reynolds Consumer Products by 1.6% during the 2nd quarter. Baird Financial Group Inc. now owns 32,882 shares of the company’s stock worth $704,000 after purchasing an additional 516 shares during the period. Police & Firemen s Retirement System of New Jersey increased its holdings in 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 purchasing an additional 523 shares during the last quarter. Finally, Hunter Perkins Capital Management LLC increased its holdings in Reynolds Consumer Products by 1.2% in the 4th quarter. Hunter Perkins Capital Management LLC now owns 52,155 shares of the company’s stock valued at $1,195,000 after purchasing an additional 605 shares during the last quarter. Institutional investors and hedge funds own 26.81% of the company’s stock.

Reynolds Consumer Products Company Profile

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.