Reynolds Consumer Products (NASDAQ:REYN) Given New $25.00 Price Target at Barclays

Reynolds Consumer Products (NASDAQ:REYN - Free Report) had its price objective cut by Barclays from $27.00 to $25.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have an equal weight rating on the stock.

REYN has been the subject of several other research reports. UBS Group decreased their price target on Reynolds Consumer Products from $30.00 to $29.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Royal Bank of Canada reiterated a "sector perform" rating and set a $32.00 price objective on shares of Reynolds Consumer Products in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Reynolds Consumer Products from $30.00 to $28.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $30.38.

Reynolds Consumer Products Price Performance

Shares of NASDAQ:REYN traded down $0.38 during trading on Thursday, reaching $24.59. The company had a trading volume of 596,454 shares, compared to its average volume of 556,859. Reynolds Consumer Products has a 12 month low of $24.43 and a 12 month high of $32.65. The company has a current ratio of 2.04, a quick ratio of 0.89 and a debt-to-equity ratio of 0.79. The company has a fifty day moving average of $27.21 and a two-hundred day moving average of $28.79. The stock has a market capitalization of $5.17 billion, a P/E ratio of 14.64 and a beta of 0.50.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.58 earnings per share for the quarter, meeting the consensus estimate of $0.58. Reynolds Consumer Products had a net margin of 9.56% and a return on equity of 17.14%. Equities research analysts forecast that Reynolds Consumer Products will post 1.66 earnings per share for the current year.

Reynolds Consumer Products Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.92 annualized dividend and a dividend yield of 3.74%. Reynolds Consumer Products's dividend payout ratio (DPR) is presently 54.76%.

Insider Transactions at Reynolds Consumer Products

In related news, Director Helen Golding purchased 1,190 shares of the firm's stock in a transaction on Thursday, November 14th. The stock was bought at an average cost of $27.58 per share, with a total value of $32,820.20. Following the completion of the acquisition, the director now owns 1,190 shares of the company's stock, valued at $32,820.20. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Rolf Stangl purchased 3,682 shares of the business's stock in a transaction that occurred on Thursday, December 19th. The stock was acquired at an average price of $27.50 per share, with a total value of $101,255.00. Following the purchase, the director now owns 10,889 shares in the company, valued at $299,447.50. This represents a 51.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.20% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. ARGA Investment Management LP purchased a new stake in Reynolds Consumer Products during the third quarter worth about $751,000. Barclays PLC boosted its stake in Reynolds Consumer Products by 173.9% during the 3rd quarter. Barclays PLC now owns 63,121 shares of the company's stock worth $1,963,000 after purchasing an additional 40,075 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Reynolds Consumer Products in the third quarter valued at approximately $4,397,000. Beacon Harbor Wealth Advisors Inc. purchased a new position in Reynolds Consumer Products during the third quarter worth about $5,731,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Reynolds Consumer Products during the 3rd quarter worth $851,000. Hedge funds and other institutional investors own 26.81% of the company's stock.

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.