Reynolds Consumer Products Inc. (NASDAQ:REYN) Receives $32.17 Consensus Price Target from Analysts

Shares of Reynolds Consumer Products Inc. (NASDAQ:REYN - Get Free Report) have earned a consensus rating of "Hold" from the six analysts that are presently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $32.17.

REYN has been the subject of a number of research reports. Canaccord Genuity Group lifted their target price on shares of Reynolds Consumer Products from $30.00 to $32.00 and gave the company a "hold" rating in a research note on Thursday, August 8th. Jefferies Financial Group began coverage on shares of Reynolds Consumer Products in a research report on Thursday, August 29th. They set a "buy" rating and a $38.00 target price on the stock. JPMorgan Chase & Co. lifted their price objective on Reynolds Consumer Products from $29.00 to $33.00 and gave the stock a "neutral" rating in a report on Thursday, August 8th. Royal Bank of Canada increased their price target on shares of Reynolds Consumer Products from $31.00 to $32.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 8th. Finally, Barclays reduced their target price on shares of Reynolds Consumer Products from $29.00 to $28.00 and set an "equal weight" rating on the stock in a research note on Thursday, October 31st.

Insiders Place Their Bets

In related news, Director Rolf Stangl acquired 7,207 shares of the firm's stock in a transaction on Friday, November 1st. The shares were purchased at an average cost of $27.25 per share, for a total transaction of $196,390.75. Following the completion of the acquisition, the director now directly owns 7,207 shares in the company, valued at approximately $196,390.75. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.20% of the company's stock.

Institutional Investors Weigh In On Reynolds Consumer Products

A number of institutional investors have recently modified their holdings of the business. True Wealth Design LLC acquired a new stake in Reynolds Consumer Products in the 3rd quarter worth about $29,000. GAMMA Investing LLC raised its position in shares of Reynolds Consumer Products by 510.2% in the second quarter. GAMMA Investing LLC now owns 958 shares of the company's stock valued at $27,000 after buying an additional 801 shares in the last quarter. Versant Capital Management Inc bought a new stake in shares of Reynolds Consumer Products in the second quarter valued at approximately $39,000. Abich Financial Wealth Management LLC acquired a new stake in Reynolds Consumer Products during the second quarter worth approximately $54,000. Finally, Capital Performance Advisors LLP acquired a new stake in Reynolds Consumer Products during the third quarter worth approximately $70,000. Institutional investors own 26.81% of the company's stock.

Reynolds Consumer Products Price Performance

Shares of REYN traded down $0.29 during mid-day trading on Friday, hitting $27.23. The company's stock had a trading volume of 663,729 shares, compared to its average volume of 575,074. The stock has a market capitalization of $5.72 billion, a price-to-earnings ratio of 15.86 and a beta of 0.50. Reynolds Consumer Products has a fifty-two week low of $25.80 and a fifty-two week high of $32.65. The firm has a 50-day moving average price of $29.89 and a 200 day moving average price of $29.14. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.04 and a quick ratio of 0.89.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.01). The firm had revenue of $910.00 million during the quarter, compared to analyst estimates of $902.88 million. Reynolds Consumer Products had a return on equity of 18.27% and a net margin of 10.03%. The business's quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.37 earnings per share. On average, research analysts predict that Reynolds Consumer Products will post 1.69 EPS for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date is Friday, November 15th. Reynolds Consumer Products's payout ratio is currently 52.57%.

Reynolds Consumer Products Company Profile

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.