Reynolds Consumer Products (NASDAQ:REYN) Hits New 52-Week Low - What's Next?

Reynolds Consumer Products Inc. (NASDAQ:REYN - Get Free Report) shares reached a new 52-week low on Thursday . The stock traded as low as $23.28 and last traded at $23.32, with a volume of 83508 shares traded. The stock had previously closed at $23.45.

Wall Street Analyst Weigh In

Several research firms have weighed in on REYN. Evercore ISI cut their target price on shares of Reynolds Consumer Products from $33.00 to $30.00 and set an "outperform" rating on the stock in a report on Thursday, February 6th. JPMorgan Chase & Co. cut their target price on shares of Reynolds Consumer Products from $30.00 to $28.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. UBS Group cut their target price 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. Stifel Nicolaus cut their target price on shares of 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 cut their target price on shares of Reynolds Consumer Products from $27.00 to $25.00 and set an "equal weight" 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 stock. According to data from MarketBeat.com, Reynolds Consumer Products presently has an average rating of "Hold" and an average price target of $30.38.

Reynolds Consumer Products Trading Up 0.1 %

The company has a quick ratio of 0.99, a current ratio of 2.04 and a debt-to-equity ratio of 0.79. The business's fifty day moving average is $25.55 and its 200 day moving average is $27.88. The firm has a market capitalization of $4.92 billion, a price-to-earnings ratio of 13.93 and a beta of 0.56.

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Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last released its earnings results 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 net margin of 9.56% and a return on equity of 17.14%. Equities analysts predict that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current year.

Reynolds Consumer Products Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date of this dividend was Friday, February 14th. Reynolds Consumer Products's dividend payout ratio (DPR) is currently 54.76%.

Insider Activity at Reynolds Consumer Products

In other Reynolds Consumer Products news, Director Rolf Stangl bought 3,682 shares of the firm's stock in a transaction that occurred on Thursday, December 19th. The stock was acquired at an average price of $27.50 per share, with a total value of $101,255.00. Following the completion of the transaction, 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its position in shares of Reynolds Consumer Products by 1.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 13,107,822 shares of the company's stock valued at $351,564,000 after acquiring an additional 182,353 shares during the period. Vanguard Group Inc. grew its position in shares of Reynolds Consumer Products by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 5,843,058 shares of the company's stock valued at $157,704,000 after acquiring an additional 17,756 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Reynolds Consumer Products by 13.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,356,040 shares of the company's stock valued at $63,586,000 after acquiring an additional 275,601 shares during the period. Bank of New York Mellon Corp grew its position in shares of Reynolds Consumer Products by 13.0% in the 4th quarter. Bank of New York Mellon Corp now owns 1,211,805 shares of the company's stock valued at $32,707,000 after acquiring an additional 139,576 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Reynolds Consumer Products by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 1,072,422 shares of the company's stock valued at $28,953,000 after acquiring an additional 26,664 shares during the period. 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.