Reynolds Consumer Products Inc. (NASDAQ:REYN - Get Free Report)'s stock price hit a new 52-week low during trading on Friday . The stock traded as low as $23.10 and last traded at $23.66, with a volume of 231 shares. The stock had previously closed at $23.64.
Analyst Ratings Changes
A number of equities analysts have issued reports on the company. Evercore ISI decreased their price target on Reynolds Consumer Products from $33.00 to $30.00 and set an "outperform" rating for the company in a research note on Thursday, February 6th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $32.00 target price on shares of Reynolds Consumer Products in a research note on Monday, February 3rd. Canaccord Genuity Group dropped their price target on shares of Reynolds Consumer Products from $31.00 to $30.00 and set a "hold" rating on the stock in a research report on Thursday, February 6th. UBS Group reduced their price objective on shares of Reynolds Consumer Products from $30.00 to $29.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Finally, Stifel Nicolaus lowered their price objective on shares of Reynolds Consumer Products from $32.00 to $31.00 and set a "hold" rating on the stock in a research note on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $30.38.
Read Our Latest Report on Reynolds Consumer Products
Reynolds Consumer Products Trading Down 1.3 %
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 $4.89 billion, a price-to-earnings ratio of 13.83 and a beta of 0.56. The company has a fifty day simple moving average of $25.18 and a 200-day simple moving average of $27.45.
Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.58 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.58. Reynolds Consumer Products had a net margin of 9.56% and a return on equity of 17.14%. On average, research analysts forecast that Reynolds Consumer Products Inc. will post 1.66 earnings per share 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. Stockholders of record on Friday, February 14th were issued 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 dividend yield of 3.96%. Reynolds Consumer Products's dividend payout ratio is 54.76%.
Insider Activity at Reynolds Consumer Products
In other Reynolds Consumer Products news, Director Rolf Stangl bought 6,000 shares of the stock in a transaction on Monday, February 10th. The shares were bought at an average price of $24.89 per share, with a total value of $149,340.00. Following the purchase, the director now directly owns 16,889 shares in the company, valued at $420,367.21. The trade was a 55.10 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.15% of the stock is owned by insiders.
Institutional Trading of Reynolds Consumer Products
A number of hedge funds have recently made changes to their positions in the stock. ARGA Investment Management LP purchased a new position in Reynolds Consumer Products during the third quarter valued at approximately $751,000. Barclays PLC grew its holdings 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 acquiring an additional 40,075 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Reynolds Consumer Products in the third quarter worth $4,397,000. Proficio Capital Partners LLC purchased a new stake in shares of Reynolds Consumer Products during the fourth quarter worth $424,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Reynolds Consumer Products during the third quarter valued at $851,000. 26.81% of the stock is owned by hedge funds and other institutional investors.
About Reynolds Consumer Products
(
Get Free Report)
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.
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