Reynolds Consumer Products Inc. (NASDAQ:REYN) Given Average Rating of "Hold" by Analysts

Shares of Reynolds Consumer Products Inc. (NASDAQ:REYN - Get Free Report) have been given a consensus rating of "Hold" by the eight research firms that are presently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $30.38.

REYN has been the subject of several research analyst reports. Evercore ISI lowered their price target on shares of Reynolds Consumer Products from $33.00 to $30.00 and set an "outperform" rating for the company in a report on Thursday, February 6th. Canaccord Genuity Group lowered their target price on Reynolds Consumer Products from $31.00 to $30.00 and set a "hold" rating for the company in a report on Thursday, February 6th. JPMorgan Chase & Co. dropped their target price on Reynolds Consumer Products from $30.00 to $28.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Stifel Nicolaus reduced their price target on Reynolds Consumer Products from $32.00 to $31.00 and set a "hold" rating on the stock in a report on Thursday, February 6th. Finally, Barclays dropped their price objective on shares of Reynolds Consumer Products from $27.00 to $25.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th.

Reynolds Consumer Products Price Performance

Reynolds Consumer Products stock traded up $0.03 during midday trading on Thursday, reaching $23.67. The company's stock had a trading volume of 1,496,746 shares, compared to its average volume of 563,757. The company has a current ratio of 2.04, a quick ratio of 0.99 and a debt-to-equity ratio of 0.79. The stock has a market cap of $4.98 billion, a PE ratio of 14.09 and a beta of 0.56. Reynolds Consumer Products has a 52 week low of $23.13 and a 52 week high of $32.65. The business has a 50-day moving average price of $25.30 and a 200-day moving average price of $27.61.

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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 (EPS) 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%. On average, sell-side analysts predict 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, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.89%. Reynolds Consumer Products's dividend payout ratio (DPR) is 54.76%.

Insider Activity at Reynolds Consumer Products

In other news, Director Rolf Stangl bought 6,000 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was acquired at an average price of $24.89 per share, with a total value of $149,340.00. Following the completion of the purchase, the director now directly owns 16,889 shares of the company's stock, valued at approximately $420,367.21. This represents a 55.10 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.15% of the stock is currently owned by company insiders.

Institutional Trading of Reynolds Consumer Products

Institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Reynolds Consumer Products in the 4th quarter valued at about $17,964,000. Verition Fund Management LLC bought a new stake in Reynolds Consumer Products in the third quarter worth approximately $12,844,000. Dimensional Fund Advisors LP increased its holdings in Reynolds Consumer Products by 13.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,356,040 shares of the company's stock worth $63,586,000 after purchasing an additional 275,601 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Reynolds Consumer Products by 1.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 13,107,822 shares of the company's stock valued at $351,564,000 after buying an additional 182,353 shares during the period. Finally, Ceredex Value Advisors LLC boosted its holdings in shares of Reynolds Consumer Products by 58.1% during the 4th quarter. Ceredex Value Advisors LLC now owns 468,360 shares of the company's stock worth $12,641,000 after buying an additional 172,136 shares in the last quarter. 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.