Reynolds Consumer Products (NASDAQ:REYN) Hits New 12-Month Low - What's Next?

Reynolds Consumer Products Inc. (NASDAQ:REYN - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $24.26 and last traded at $24.67, with a volume of 716198 shares traded. The stock had previously closed at $24.60.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on REYN. Evercore ISI dropped their price target on Reynolds Consumer Products from $33.00 to $30.00 and set an "outperform" rating on the stock in a research note on Thursday, February 6th. Royal Bank of Canada restated a "sector perform" rating and set a $32.00 price target on shares of Reynolds Consumer Products in a research note on Monday, February 3rd. JPMorgan Chase & Co. dropped their price target on Reynolds Consumer Products from $30.00 to $28.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Canaccord Genuity Group dropped their target price 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, Stifel Nicolaus dropped their target price 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. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Reynolds Consumer Products presently has an average rating of "Hold" and an average target price of $30.38.

Reynolds Consumer Products Price Performance

The company has a market capitalization of $5.03 billion, a price-to-earnings ratio of 14.25 and a beta of 0.50. The company has a quick ratio of 0.89, a current ratio of 2.04 and a debt-to-equity ratio of 0.79. The company has a 50 day simple moving average of $26.88 and a 200 day simple moving average of $28.67.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last posted its 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 return on equity of 17.14% and a net margin of 9.56%. As a group, research analysts predict that Reynolds Consumer Products Inc. will post 1.66 EPS for the current year.

Reynolds Consumer Products Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date of this dividend is Friday, February 14th. Reynolds Consumer Products's dividend payout ratio is currently 54.76%.

Insider Activity at Reynolds Consumer Products

In related news, Director Rolf Stangl purchased 3,682 shares of the business's stock in a transaction that occurred on Thursday, December 19th. The shares were acquired at an average price of $27.50 per share, with a total value of $101,255.00. Following the acquisition, the director now owns 10,889 shares in the company, valued at approximately $299,447.50. This trade represents a 51.09 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.20% of the stock is currently owned by company insiders.

Institutional Trading of Reynolds Consumer Products

Several large investors have recently added to or reduced their stakes in the business. Northern Trust Corp increased its position in shares of Reynolds Consumer Products by 49.1% during the 4th quarter. Northern Trust Corp now owns 350,398 shares of the company's stock valued at $9,457,000 after purchasing an additional 115,399 shares during the period. Quarry LP increased its position in shares of Reynolds Consumer Products by 187.0% during the 4th quarter. Quarry LP now owns 2,531 shares of the company's stock valued at $68,000 after purchasing an additional 1,649 shares during the period. Voya Investment Management LLC increased its position in shares of Reynolds Consumer Products by 4.6% during the 4th quarter. Voya Investment Management LLC now owns 43,462 shares of the company's stock valued at $1,173,000 after purchasing an additional 1,907 shares during the period. Penn Capital Management Company LLC increased its position in shares of Reynolds Consumer Products by 91.8% during the 4th quarter. Penn Capital Management Company LLC now owns 17,868 shares of the company's stock valued at $482,000 after purchasing an additional 8,551 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Reynolds Consumer Products by 19.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,168 shares of the company's stock valued at $464,000 after purchasing an additional 2,837 shares during the period. 26.81% of the stock is currently owned by institutional investors and hedge funds.

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.