Reynolds Consumer Products (NASDAQ:REYN) Cut to “Strong Sell” at Zacks Research

Zacks Research downgraded shares of Reynolds Consumer Products (NASDAQ:REYN) from a hold rating to a strong sell rating in a report published on Wednesday morning,Zacks.com reports.

Several other equities analysts have also recently issued reports on REYN. UBS Group upped their price objective on Reynolds Consumer Products from $25.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Royal Bank Of Canada decreased their price target on Reynolds Consumer Products from $28.00 to $25.00 and set a “sector perform” rating for the company in a research note on Thursday, February 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Reynolds Consumer Products in a research report on Wednesday, January 28th. Finally, Canaccord Genuity Group reduced their price objective on Reynolds Consumer Products from $27.00 to $24.00 and set a “hold” rating for the company in a report on Monday, January 26th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $25.43.

Reynolds Consumer Products Stock Performance

Shares of Reynolds Consumer Products stock opened at $23.73 on Wednesday. The stock has a market cap of $4.99 billion, a price-to-earnings ratio of 16.48 and a beta of 0.57. The firm’s 50-day moving average is $23.52 and its 200 day moving average is $23.59. Reynolds Consumer Products has a 1 year low of $20.91 and a 1 year high of $26.25. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.93 and a quick ratio of 0.92.

Reynolds Consumer Products (NASDAQ:REYN) last released its quarterly earnings data on Wednesday, February 4th. The company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.01 billion. Reynolds Consumer Products had a net margin of 8.09% and a return on equity of 15.86%. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.58 earnings per share. Reynolds Consumer Products has set its FY 2026 guidance at 1.570-1.630 EPS and its Q1 2026 guidance at 0.230-0.250 EPS. Sell-side analysts anticipate that Reynolds Consumer Products will post 1.66 EPS for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Friday, February 13th. Reynolds Consumer Products’s dividend payout ratio is currently 63.89%.

Institutional Investors Weigh In On Reynolds Consumer Products

Several institutional investors and hedge funds have recently modified their holdings of REYN. Royal Bank of Canada lifted its holdings in shares of Reynolds Consumer Products by 1.9% in the 1st quarter. Royal Bank of Canada now owns 94,024 shares of the company’s stock valued at $2,244,000 after acquiring an additional 1,720 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Reynolds Consumer Products by 11.3% in the 1st quarter. Millennium Management LLC now owns 592,459 shares of the company’s stock valued at $14,136,000 after acquiring an additional 60,198 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Reynolds Consumer Products by 60.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 222,853 shares of the company’s stock valued at $5,317,000 after acquiring an additional 83,633 shares during the last quarter. Jane Street Group LLC raised its stake in Reynolds Consumer Products by 488.4% in the first quarter. Jane Street Group LLC now owns 125,724 shares of the company’s stock valued at $3,000,000 after buying an additional 104,357 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in Reynolds Consumer Products by 1,154.6% during the 2nd quarter. Blue Trust Inc. now owns 4,893 shares of the company’s stock valued at $105,000 after purchasing an additional 4,503 shares in the last quarter. Institutional investors own 26.81% of the company’s stock.

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.