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

Shares of Reynolds Consumer Products Inc. (NASDAQ:REYN - Get Free Report) have been given a consensus recommendation of "Hold" by the eight research firms that are covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $29.00.

A number of brokerages recently issued reports on REYN. Stifel Nicolaus lowered their price target on shares of Reynolds Consumer Products from $31.00 to $27.00 and set a "hold" rating on the stock in a report on Thursday, April 10th. Royal Bank of Canada restated a "sector perform" rating and set a $32.00 target price on shares of Reynolds Consumer Products in a research report on Monday, February 3rd. Evercore ISI reduced their price target on 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 dropped their price objective on Reynolds Consumer Products from $31.00 to $30.00 and set a "hold" rating on the stock in a report on Thursday, February 6th. Finally, JPMorgan Chase & Co. reduced their target price on Reynolds Consumer Products from $26.00 to $24.00 and set a "neutral" rating for the company in a research note on Friday, April 11th.

Insider Buying and Selling at Reynolds Consumer Products

In related news, Director Rolf Stangl purchased 6,000 shares of the company's stock in a transaction dated Monday, February 10th. The stock was acquired at an average cost of $24.89 per share, for a total transaction of $149,340.00. Following the completion of the transaction, the director now directly owns 16,889 shares of the company's stock, valued at approximately $420,367.21. This trade represents a 55.10 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.15% of the stock is owned by insiders.

Institutional Trading of Reynolds Consumer Products

Several large investors have recently added to or reduced their stakes in REYN. Stifel Financial Corp grew its holdings in shares of Reynolds Consumer Products by 103.1% in the third quarter. Stifel Financial Corp now owns 93,229 shares of the company's stock valued at $2,899,000 after purchasing an additional 47,337 shares during the period. Jane Street Group LLC grew its stake in shares of Reynolds Consumer Products by 758.9% in the 3rd quarter. Jane Street Group LLC now owns 167,722 shares of the company's stock valued at $5,216,000 after buying an additional 148,194 shares during the period. XTX Topco Ltd purchased a new stake in shares of Reynolds Consumer Products in the 3rd quarter valued at approximately $299,000. MML Investors Services LLC increased its holdings in shares of Reynolds Consumer Products by 1.3% during the 3rd quarter. MML Investors Services LLC now owns 48,700 shares of the company's stock worth $1,515,000 after buying an additional 641 shares during the last quarter. Finally, Barclays PLC raised its position in shares of Reynolds Consumer Products by 173.9% during the 3rd quarter. Barclays PLC now owns 63,121 shares of the company's stock valued at $1,963,000 after buying an additional 40,075 shares during the period. 26.81% of the stock is currently owned by hedge funds and other institutional investors.

Reynolds Consumer Products Stock Performance

Shares of REYN stock traded up $0.55 during trading hours on Monday, hitting $23.65. The company's stock had a trading volume of 601,692 shares, compared to its average volume of 603,183. 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 company has a 50 day moving average of $23.83 and a 200 day moving average of $26.43. Reynolds Consumer Products has a 12-month low of $21.90 and a 12-month high of $32.65. The stock has a market cap of $4.97 billion, a PE ratio of 14.08 and a beta of 0.64.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.58 earnings per share for the quarter, meeting analysts' consensus estimates of $0.58. Reynolds Consumer Products had a return on equity of 17.14% and a net margin of 9.56%. On average, sell-side analysts forecast that Reynolds Consumer Products will post 1.66 EPS for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.23 per share. The ex-dividend date was Friday, February 14th. This represents a $0.92 dividend on an annualized basis and a yield of 3.89%. Reynolds Consumer Products's payout ratio is presently 54.76%.

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.