Reynolds Consumer Products (NASDAQ:REYN) Given New $27.00 Price Target at JPMorgan Chase & Co.

Reynolds Consumer Products (NASDAQ:REYN) had its price target raised by JPMorgan Chase & Co. from $23.00 to $27.00 in a report published on Thursday,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other analysts have also commented on REYN. UBS Group raised their target price on Reynolds Consumer Products from $23.00 to $27.00 and gave the stock a “neutral” rating in a report on Thursday. Barclays decreased their price target on Reynolds Consumer Products from $25.00 to $24.00 and set an “equal weight” rating for the company in a report on Tuesday, April 14th. Royal Bank Of Canada set a $24.00 target price on shares of Reynolds Consumer Products and gave the company a “sector perform” rating in a report on Thursday, April 9th. Weiss Ratings raised Reynolds Consumer Products from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 29th. Finally, Zacks Research raised shares of Reynolds Consumer Products from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Seven equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $25.20.

Reynolds Consumer Products Stock Up 1.1%

REYN stock opened at $26.50 on Thursday. The company has a market capitalization of $5.59 billion, a P/E ratio of 16.88 and a beta of 0.54. Reynolds Consumer Products has a 12 month low of $20.44 and a 12 month high of $27.32. The firm’s fifty day simple moving average is $23.76 and its 200-day simple moving average is $22.98. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.79 and a quick ratio of 0.76.

Reynolds Consumer Products (NASDAQ:REYN) last issued its earnings results on Wednesday, May 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.03. Reynolds Consumer Products had a net margin of 8.70% and a return on equity of 16.05%. The firm had revenue of $877.00 million during the quarter, compared to analysts’ expectations of $822.42 million. During the same quarter last year, the company posted $0.23 earnings per share. The firm’s revenue was up 7.2% compared to the same quarter last year. Reynolds Consumer Products has set its FY 2026 guidance at 1.570-1.630 EPS and its Q2 2026 guidance at 0.390-0.43 EPS. As a group, equities research analysts forecast that Reynolds Consumer Products will post 1.59 earnings per share for the current year.

Reynolds Consumer Products Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a $0.23 dividend. The ex-dividend date was Friday, May 15th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.5%. Reynolds Consumer Products’s dividend payout ratio is 58.60%.

Hedge Funds Weigh In On Reynolds Consumer Products

A number of institutional investors have recently added to or reduced their stakes in the stock. Jackson Creek Investment Advisors LLC purchased a new stake in shares of Reynolds Consumer Products in the fourth quarter valued at about $1,730,000. SG Americas Securities LLC raised its stake in Reynolds Consumer Products by 1,210.2% during the fourth quarter. SG Americas Securities LLC now owns 1,464,674 shares of the company’s stock worth $33,570,000 after purchasing an additional 1,352,881 shares during the period. Landscape Capital Management L.L.C. acquired a new position in Reynolds Consumer Products in the 4th quarter valued at about $2,417,000. Dean Capital Management boosted its holdings in Reynolds Consumer Products by 48.2% in the 4th quarter. Dean Capital Management now owns 155,712 shares of the company’s stock valued at $3,569,000 after purchasing an additional 50,673 shares during the last quarter. Finally, Kera Capital Partners Inc. acquired a new position in Reynolds Consumer Products in the 4th quarter valued at about $579,000. Hedge funds and other institutional investors 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.