Reynolds Consumer Products Inc. (NASDAQ:REYN) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) have received an average rating of “Hold” from the six analysts that are presently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $32.17.

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Reynolds Consumer Products from $29.00 to $33.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Canaccord Genuity Group lifted their price objective on shares of Reynolds Consumer Products from $30.00 to $32.00 and gave the stock a “hold” rating in a research note on Thursday, August 8th. Barclays lowered their price objective on shares of Reynolds Consumer Products from $29.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 31st. Jefferies Financial Group initiated coverage on shares of Reynolds Consumer Products in a report on Thursday, August 29th. They issued a “buy” rating and a $38.00 target price for the company. Finally, Royal Bank of Canada raised their price target on shares of Reynolds Consumer Products from $31.00 to $32.00 and gave the stock a “sector perform” rating in a report on Thursday, August 8th.

Insider Activity

In related news, Director Rolf Stangl bought 7,207 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were acquired at an average price of $27.25 per share, with a total value of $196,390.75. Following the completion of the transaction, the director now owns 7,207 shares of the company’s stock, valued at $196,390.75. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On Reynolds Consumer Products

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Reynolds Consumer Products by 0.5% during the first quarter. Vanguard Group Inc. now owns 5,663,147 shares of the company’s stock worth $161,739,000 after acquiring an additional 29,838 shares during the period. Acadian Asset Management LLC boosted its stake in Reynolds Consumer Products by 994.7% during the first quarter. Acadian Asset Management LLC now owns 212,694 shares of the company’s stock worth $6,068,000 after buying an additional 193,265 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Reynolds Consumer Products during the second quarter worth $695,000. Bank of New York Mellon Corp boosted its stake in Reynolds Consumer Products by 7.1% during the second quarter. Bank of New York Mellon Corp now owns 1,006,647 shares of the company’s stock worth $28,166,000 after buying an additional 66,826 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in Reynolds Consumer Products by 18.5% during the second quarter. Sei Investments Co. now owns 612,775 shares of the company’s stock worth $17,146,000 after buying an additional 95,469 shares in the last quarter. Institutional investors own 26.81% of the company’s stock.

Reynolds Consumer Products Stock Performance

Shares of REYN stock opened at $27.75 on Friday. Reynolds Consumer Products has a one year low of $25.80 and a one year high of $32.65. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 2.04. The company has a 50 day moving average price of $29.99 and a 200 day moving average price of $29.15. The firm has a market capitalization of $5.83 billion, a price-to-earnings ratio of 15.86 and a beta of 0.50.

Reynolds Consumer Products (NASDAQ:REYN) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.01). Reynolds Consumer Products had a return on equity of 18.27% and a net margin of 10.03%. The company had revenue of $910.00 million for the quarter, compared to analyst estimates of $902.88 million. During the same period last year, the company posted $0.37 EPS. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. Sell-side analysts anticipate that Reynolds Consumer Products will post 1.69 EPS for the current year.

Reynolds Consumer Products Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date is Friday, November 15th. Reynolds Consumer Products’s dividend payout ratio is 52.57%.

About Reynolds Consumer Products

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.