Reynolds Consumer Products Inc. (NASDAQ:REYN) Given Average Rating of “Hold” by Analysts

Reynolds Consumer Products Inc. (NASDAQ:REYN) has received a consensus rating of “Hold” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $32.17.

REYN has been the topic of several research reports. Royal Bank of Canada upped their price target on shares of Reynolds Consumer Products from $31.00 to $32.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. upped their price target on shares of Reynolds Consumer Products from $29.00 to $33.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. Jefferies Financial Group initiated coverage on shares of Reynolds Consumer Products in a research report on Thursday, August 29th. They set a “buy” rating and a $38.00 price target on the stock. Canaccord Genuity Group upped their price target on shares of Reynolds Consumer Products from $30.00 to $32.00 and gave the stock a “hold” rating in a research report on Thursday, August 8th. Finally, Barclays reduced their price target on shares of Reynolds Consumer Products from $29.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 31st.

Insider Activity

In related news, Director Rolf Stangl purchased 7,207 shares of the stock in a transaction dated Friday, November 1st. The stock was bought at an average cost of $27.25 per share, with a total value of $196,390.75. Following the purchase, the director now directly owns 7,207 shares in the company, valued at $196,390.75. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.20% of the stock is currently owned by company insiders.

Institutional Trading of Reynolds Consumer Products

A number of large investors have recently bought and sold shares of REYN. GAMMA Investing LLC boosted its position in Reynolds Consumer Products by 510.2% during the 2nd quarter. GAMMA Investing LLC now owns 958 shares of the company’s stock worth $27,000 after acquiring an additional 801 shares during the last quarter. True Wealth Design LLC acquired a new stake in Reynolds Consumer Products in the third quarter valued at about $29,000. Versant Capital Management Inc acquired a new stake in Reynolds Consumer Products in the second quarter valued at about $39,000. Abich Financial Wealth Management LLC acquired a new stake in shares of Reynolds Consumer Products during the second quarter valued at about $54,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Reynolds Consumer Products during the third quarter valued at about $70,000. 26.81% of the stock is owned by institutional investors.

Reynolds Consumer Products Stock Up 0.6 %

REYN opened at $27.75 on Friday. Reynolds Consumer Products has a fifty-two week low of $25.80 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. The firm’s fifty day moving average price is $29.99 and its two-hundred day moving average price is $29.15. The company has a market capitalization of $5.83 billion, a P/E ratio of 15.86 and a beta of 0.50.

Reynolds Consumer Products (NASDAQ:REYN) last issued 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). Reynolds Consumer Products had a net margin of 10.03% and a return on equity of 18.27%. The firm had revenue of $910.00 million during the quarter, compared to analyst estimates of $902.88 million. During the same quarter in the prior year, the firm posted $0.37 EPS. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, analysts anticipate that Reynolds Consumer Products will post 1.69 EPS for the current year.

Reynolds Consumer Products Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.92 annualized dividend and a yield of 3.32%. Reynolds Consumer Products’s dividend payout ratio is currently 52.57%.

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.