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

Shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) have received an average rating of “Hold” from the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $26.75.

A number of equities analysts have issued reports on REYN shares. UBS Group lifted their price target on Reynolds Consumer Products from $25.00 to $26.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Reynolds Consumer Products in a report on Friday, October 31st. Canaccord Genuity Group raised their price objective on Reynolds Consumer Products from $25.00 to $27.00 and gave the company a “hold” rating in a research note on Thursday, October 30th. Royal Bank Of Canada upped their target price on shares of Reynolds Consumer Products from $25.00 to $28.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 30th. Finally, Zacks Research upgraded shares of Reynolds Consumer Products from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th.

Reynolds Consumer Products Price Performance

Shares of NASDAQ:REYN opened at $23.81 on Friday. Reynolds Consumer Products has a twelve month low of $20.91 and a twelve month high of $28.22. The stock’s 50 day moving average is $24.22 and its 200-day moving average is $23.12. The company has a quick ratio of 0.80, a current ratio of 1.94 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $5.01 billion, a price-to-earnings ratio of 16.31 and a beta of 0.55.

Reynolds Consumer Products (NASDAQ:REYN) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. The business had revenue of $931.00 million during the quarter, compared to analyst estimates of $900.12 million. Reynolds Consumer Products had a net margin of 8.20% and a return on equity of 15.88%. Reynolds Consumer Products’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.41 EPS. Reynolds Consumer Products has set its FY 2025 guidance at 1.400-1.440 EPS and its Q4 2025 guidance at 0.520-0.560 EPS. Sell-side analysts forecast 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 was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $0.92 annualized dividend and a dividend yield of 3.9%. Reynolds Consumer Products’s dividend payout ratio (DPR) is currently 63.01%.

Hedge Funds Weigh In On Reynolds Consumer Products

Several institutional investors have recently modified their holdings of REYN. Allworth Financial LP increased its position in shares of Reynolds Consumer Products by 433.2% during the third quarter. Allworth Financial LP now owns 2,991 shares of the company’s stock valued at $73,000 after acquiring an additional 2,430 shares during the last quarter. Dark Forest Capital Management LP boosted its position in Reynolds Consumer Products by 219.4% in the third quarter. Dark Forest Capital Management LP now owns 53,567 shares of the company’s stock worth $1,311,000 after purchasing an additional 36,794 shares during the last quarter. Voleon Capital Management LP bought a new position in Reynolds Consumer Products in the 3rd quarter valued at $469,000. Public Employees Retirement System of Ohio increased its position in shares of Reynolds Consumer Products by 9.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 37,779 shares of the company’s stock valued at $924,000 after purchasing an additional 3,207 shares during the last quarter. Finally, Mariner LLC raised its stake in shares of Reynolds Consumer Products by 412.0% during the 3rd quarter. Mariner LLC now owns 54,960 shares of the company’s stock worth $1,345,000 after purchasing an additional 44,226 shares during the period. 26.81% of the stock is owned by institutional investors.

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.