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

Shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) have been assigned an average rating of “Hold” from the ten brokerages that are currently covering the stock, Marketbeat reports. Eight investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $26.75.

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

Institutional Investors Weigh In On Reynolds Consumer Products

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Rothschild Investment LLC raised its holdings in shares of Reynolds Consumer Products by 2,734.8% during the third quarter. Rothschild Investment LLC now owns 1,304 shares of the company’s stock valued at $32,000 after purchasing an additional 1,258 shares during the period. Quent Capital LLC bought a new stake in Reynolds Consumer Products in the 3rd quarter valued at about $33,000. First Horizon Advisors Inc. raised its stake in Reynolds Consumer Products by 40.8% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,601 shares of the company’s stock worth $34,000 after buying an additional 464 shares during the period. GAMMA Investing LLC grew its stake in Reynolds Consumer Products by 42.5% in the fourth quarter. GAMMA Investing LLC now owns 2,329 shares of the company’s stock valued at $53,000 after acquiring an additional 695 shares during the period. Finally, Clearstead Advisors LLC grew its stake in Reynolds Consumer Products by 54,480.0% in the third quarter. Clearstead Advisors LLC now owns 2,729 shares of the company’s stock valued at $67,000 after acquiring an additional 2,724 shares during the period. 26.81% of the stock is owned by institutional investors.

Reynolds Consumer Products Stock Performance

NASDAQ REYN opened at $23.97 on Wednesday. The company has a market capitalization of $5.04 billion, a price-to-earnings ratio of 16.42 and a beta of 0.57. The company has a quick ratio of 0.80, a current ratio of 1.94 and a debt-to-equity ratio of 0.74. Reynolds Consumer Products has a twelve month low of $20.91 and a twelve month high of $28.22. The stock has a fifty day simple moving average of $24.00 and a 200 day simple moving average of $23.35.

Reynolds Consumer Products (NASDAQ:REYN) last released 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 firm had revenue of $931.00 million for the quarter, compared to analyst estimates of $900.12 million. Reynolds Consumer Products had a return on equity of 15.88% and a net margin of 8.20%.The business’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company 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 expect that Reynolds Consumer Products will post 1.66 EPS for the current year.

Reynolds Consumer Products Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were paid a $0.23 dividend. The ex-dividend date was Friday, November 14th. This represents a $0.92 annualized dividend and a dividend yield of 3.8%. Reynolds Consumer Products’s payout ratio is currently 63.01%.

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.