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

Shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) have earned a consensus recommendation of “Hold” from the six analysts that are covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $32.17.

REYN has been the subject of a number of research reports. Jefferies Financial Group initiated coverage on shares of Reynolds Consumer Products in a research note on Thursday, August 29th. They set a “buy” rating and a $38.00 target price for the company. Barclays cut their price objective on Reynolds Consumer Products from $29.00 to $28.00 and set an “equal weight” rating for the company in a report on Thursday, October 31st.

Insider Transactions at Reynolds Consumer Products

In other news, Director Helen Golding purchased 1,190 shares of the stock in a transaction on Thursday, November 14th. The shares were acquired at an average price of $27.58 per share, with a total value of $32,820.20. Following the completion of the acquisition, the director now directly owns 1,190 shares of the company’s stock, valued at $32,820.20. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Rolf Stangl acquired 7,207 shares of Reynolds Consumer Products stock in a transaction dated Friday, November 1st. The stock was purchased at an average cost of $27.25 per share, with a total value of $196,390.75. Following the completion of the purchase, the director now owns 7,207 shares of the company’s stock, valued at approximately $196,390.75. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its holdings in Reynolds Consumer Products by 16.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,168 shares of the company’s stock valued at $348,000 after acquiring an additional 1,726 shares during the period. GAMMA Investing LLC lifted its holdings in Reynolds Consumer Products by 510.2% in the 2nd quarter. GAMMA Investing LLC now owns 958 shares of the company’s stock worth $27,000 after purchasing an additional 801 shares in the last quarter. CWM LLC boosted its stake in Reynolds Consumer Products by 368.6% in the 2nd quarter. CWM LLC now owns 22,050 shares of the company’s stock worth $617,000 after purchasing an additional 17,344 shares during the period. SG Americas Securities LLC purchased a new stake in Reynolds Consumer Products during the 2nd quarter valued at approximately $695,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Reynolds Consumer Products during the second quarter valued at approximately $357,000. Hedge funds and other institutional investors own 26.81% of the company’s stock.

Reynolds Consumer Products Stock Up 1.3 %

REYN stock opened at $27.78 on Tuesday. The stock has a market capitalization of $5.84 billion, a P/E ratio of 15.87 and a beta of 0.50. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.04 and a quick ratio of 0.89. Reynolds Consumer Products has a 1-year low of $26.16 and a 1-year high of $32.65. The business has a fifty day moving average price of $28.64 and a 200-day moving average price of $29.01.

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

Reynolds Consumer Products Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.31%. The ex-dividend date was Friday, November 15th. Reynolds Consumer Products’s dividend payout ratio is presently 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.