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

Shares of Reynolds Consumer Products Inc. (NASDAQ:REYNGet Free Report) have been given a consensus rating of “Hold” by the nine research firms that are presently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $28.33.

A number of equities research analysts recently commented on REYN shares. Truist Financial decreased their target price on Reynolds Consumer Products from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Canaccord Genuity Group decreased their target price on Reynolds Consumer Products from $27.00 to $26.00 and set a “hold” rating on the stock in a research report on Thursday, May 1st. UBS Group decreased their price objective on Reynolds Consumer Products from $26.00 to $25.00 and set a “neutral” rating on the stock in a research report on Thursday, May 1st. Evercore ISI decreased their price objective on Reynolds Consumer Products from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. Finally, Barclays decreased their price objective on Reynolds Consumer Products from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th.

View Our Latest Research Report on Reynolds Consumer Products

Insider Activity

In other Reynolds Consumer Products news, CAO Chris Mayrhofer bought 5,048 shares of the business’s stock in a transaction dated Friday, May 30th. The shares were purchased at an average price of $21.99 per share, with a total value of $111,005.52. Following the completion of the purchase, the chief accounting officer now owns 23,266 shares in the company, valued at $511,619.34. This represents a 27.71% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Rolf Stangl bought 2,500 shares of the business’s stock in a transaction dated Tuesday, May 6th. The shares were acquired at an average cost of $23.22 per share, for a total transaction of $58,050.00. Following the purchase, the director now owns 19,389 shares of the company’s stock, valued at approximately $450,212.58. The trade was a 14.80% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 25,766 shares of company stock valued at $572,402. 0.15% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of REYN. Norges Bank bought a new position in shares of Reynolds Consumer Products during the fourth quarter valued at approximately $17,964,000. Dimensional Fund Advisors LP grew its stake in shares of Reynolds Consumer Products by 13.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,356,040 shares of the company’s stock valued at $63,586,000 after buying an additional 275,601 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Reynolds Consumer Products during the first quarter valued at approximately $4,522,000. Jacobs Levy Equity Management Inc. grew its stake in shares of Reynolds Consumer Products by 141.4% during the first quarter. Jacobs Levy Equity Management Inc. now owns 314,756 shares of the company’s stock valued at $7,510,000 after buying an additional 184,359 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in Reynolds Consumer Products by 1.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 13,107,822 shares of the company’s stock worth $351,564,000 after purchasing an additional 182,353 shares in the last quarter. Institutional investors own 26.81% of the company’s stock.

Reynolds Consumer Products Price Performance

NASDAQ:REYN opened at $21.90 on Tuesday. The company has a current ratio of 2.04, a quick ratio of 0.99 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $4.61 billion, a P/E ratio of 13.04 and a beta of 0.61. Reynolds Consumer Products has a 12 month low of $21.63 and a 12 month high of $32.65. The business’s 50-day moving average is $23.15 and its 200 day moving average is $25.10.

Reynolds Consumer Products (NASDAQ:REYNGet Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.23 EPS for the quarter, hitting analysts’ consensus estimates of $0.23. The company had revenue of $801.00 million for the quarter, compared to the consensus estimate of $821.99 million. Reynolds Consumer Products had a return on equity of 17.14% and a net margin of 9.56%. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.23 earnings per share. On average, equities research analysts forecast that Reynolds Consumer Products will post 1.66 earnings per share for the current fiscal year.

Reynolds Consumer Products Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.20%. Reynolds Consumer Products’s dividend payout ratio is 57.50%.

About Reynolds Consumer Products

(Get Free Report

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.

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Analyst Recommendations for Reynolds Consumer Products (NASDAQ:REYN)

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