Reynolds Consumer Products Inc. (NASDAQ:REYN) Receives $32.33 Consensus Target Price from Analysts

Shares of Reynolds Consumer Products Inc. (NASDAQ:REYN - Get Free Report) have been given a consensus recommendation of "Hold" by the six brokerages that are presently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $32.33.

REYN has been the subject of several research analyst reports. Jefferies Financial Group started coverage on Reynolds Consumer Products in a report on Thursday, August 29th. They issued a "buy" rating and a $38.00 price objective for the company. JPMorgan Chase & Co. increased their price target on Reynolds Consumer Products from $29.00 to $33.00 and gave the stock a "neutral" rating in a report on Thursday, August 8th. Barclays increased their price target on Reynolds Consumer Products from $28.00 to $29.00 and gave the stock an "equal weight" rating in a report on Thursday, August 8th. Canaccord Genuity Group increased their price target on Reynolds Consumer Products from $30.00 to $32.00 and gave the stock a "hold" rating in a report on Thursday, August 8th. Finally, Royal Bank of Canada increased their price target on Reynolds Consumer Products from $31.00 to $32.00 and gave the stock a "sector perform" rating in a report on Thursday, August 8th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Park Avenue Securities LLC raised its position in Reynolds Consumer Products by 2.8% in the first quarter. Park Avenue Securities LLC now owns 12,959 shares of the company's stock worth $370,000 after acquiring an additional 359 shares in the last quarter. Ariel Investments LLC increased its position in shares of Reynolds Consumer Products by 7.0% in the first quarter. Ariel Investments LLC now owns 7,136 shares of the company's stock valued at $204,000 after buying an additional 466 shares in the last quarter. Covestor Ltd increased its position in shares of Reynolds Consumer Products by 15.8% in the first quarter. Covestor Ltd now owns 3,520 shares of the company's stock valued at $101,000 after buying an additional 480 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in shares of Reynolds Consumer Products by 4.7% in the second quarter. Crossmark Global Holdings Inc. now owns 12,181 shares of the company's stock valued at $341,000 after buying an additional 550 shares in the last quarter. Finally, Signaturefd LLC increased its position in shares of Reynolds Consumer Products by 13.0% in the second quarter. Signaturefd LLC now owns 5,287 shares of the company's stock valued at $148,000 after buying an additional 608 shares in the last quarter. Hedge funds and other institutional investors own 26.81% of the company's stock.

Reynolds Consumer Products Stock Performance

Shares of REYN stock traded down $0.27 during trading hours on Monday, hitting $29.95. The stock had a trading volume of 321,756 shares, compared to its average volume of 566,997. The firm has a market capitalization of $6.29 billion, a PE ratio of 19.08 and a beta of 0.48. Reynolds Consumer Products has a twelve month low of $24.85 and a twelve month high of $32.65. The stock's 50 day moving average is $30.88 and its 200 day moving average is $29.17. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.13 and a quick ratio of 1.01.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.02. The business had revenue of $930.00 million during the quarter, compared to the consensus estimate of $890.71 million. Reynolds Consumer Products had a return on equity of 18.27% and a net margin of 9.74%. The company's revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.32 earnings per share. As a group, research analysts forecast that Reynolds Consumer Products will post 1.69 earnings per share for the current fiscal year.

Reynolds Consumer Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend was Friday, August 16th. Reynolds Consumer Products's payout ratio is 58.60%.

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.