Analysts Set Reynolds Consumer Products Inc. (NASDAQ:REYN) PT at $30.86

Reynolds Consumer Products Inc. (NASDAQ:REYN - Get Free Report) has earned an average recommendation of "Hold" from the seven analysts that are covering the firm, MarketBeat Ratings reports. Six 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 brokerages that have covered the stock in the last year is $30.86.

Several brokerages have issued reports on REYN. JPMorgan Chase & Co. lowered their price objective on shares of 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. Barclays dropped their price target on shares of Reynolds Consumer Products from $28.00 to $27.00 and set an "equal weight" rating on the stock in a research note on Friday, January 17th. Finally, UBS Group cut their price objective on shares of Reynolds Consumer Products from $30.00 to $29.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th.

Insider Transactions at Reynolds Consumer Products

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Abich Financial Wealth Management LLC lifted its holdings in Reynolds Consumer Products by 21.3% in the third quarter. Abich Financial Wealth Management LLC now owns 2,357 shares of the company's stock worth $73,000 after acquiring an additional 414 shares during the last quarter. Covestor Ltd raised its position in shares of Reynolds Consumer Products by 14.8% during the 3rd quarter. Covestor Ltd now owns 4,564 shares of the company's stock worth $142,000 after purchasing an additional 588 shares during the period. MML Investors Services LLC lifted its holdings in shares of Reynolds Consumer Products by 1.3% in the 3rd quarter. MML Investors Services LLC now owns 48,700 shares of the company's stock worth $1,515,000 after purchasing an additional 641 shares during the last quarter. Blue Trust Inc. boosted its position in Reynolds Consumer Products by 115.2% during the 4th quarter. Blue Trust Inc. now owns 1,304 shares of the company's stock valued at $35,000 after purchasing an additional 698 shares during the period. Finally, Kestra Private Wealth Services LLC grew its stake in Reynolds Consumer Products by 5.2% during the 4th quarter. Kestra Private Wealth Services LLC now owns 16,419 shares of the company's stock worth $443,000 after buying an additional 814 shares during the last quarter. 26.81% of the stock is owned by institutional investors and hedge funds.

Reynolds Consumer Products Stock Down 0.4 %

NASDAQ REYN traded down $0.11 during trading hours on Wednesday, hitting $27.61. The company had a trading volume of 381,624 shares, compared to its average volume of 426,188. The firm's 50 day moving average is $27.33 and its 200 day moving average is $28.79. The company has a market capitalization of $5.80 billion, a price-to-earnings ratio of 15.78 and a beta of 0.50. Reynolds Consumer Products has a fifty-two week low of $25.88 and a fifty-two week high of $32.65. 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 company had revenue of $910.00 million for the quarter, compared to analysts' expectations of $902.88 million. Reynolds Consumer Products had a net margin of 10.03% and a return on equity of 18.27%. 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 posted $0.37 earnings per share. Sell-side analysts anticipate that Reynolds Consumer Products will post 1.69 earnings per share for the current fiscal year.

Reynolds Consumer Products Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.33%. The ex-dividend date is Friday, February 14th. Reynolds Consumer Products's dividend 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.