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

Shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) have earned an average rating of “Hold” from the seven analysts that are currently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $30.86.

A number of equities research analysts recently commented on the company. Barclays decreased their target price on Reynolds Consumer Products from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. UBS Group lowered their target price on 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, JPMorgan Chase & Co. reduced their price target on shares of Reynolds Consumer Products from $30.00 to $28.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th.

Insiders Place Their Bets

In other news, Director Helen Golding acquired 1,190 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was acquired at an average price of $27.58 per share, with a total value of $32,820.20. Following the completion of the purchase, the director now directly owns 1,190 shares in the company, valued at approximately $32,820.20. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rolf Stangl bought 7,207 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were acquired at an average cost of $27.25 per share, for a total transaction of $196,390.75. Following the purchase, the director now owns 7,207 shares of the company’s stock, valued at approximately $196,390.75. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders bought 12,079 shares of company stock valued at $330,466 over the last three months. 0.20% of the stock is owned by company insiders.

Institutional Trading of Reynolds Consumer Products

Institutional investors and hedge funds have recently made changes to their positions in the business. Amalgamated Bank lifted its holdings in Reynolds Consumer Products by 49.9% during the 2nd quarter. Amalgamated Bank now owns 9,615 shares of the company’s stock valued at $269,000 after buying an additional 3,202 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Reynolds Consumer Products during the second quarter worth approximately $612,000. Creative Planning raised its stake in shares of Reynolds Consumer Products by 6.8% during the second quarter. Creative Planning now owns 14,902 shares of the company’s stock valued at $417,000 after acquiring an additional 944 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Reynolds Consumer Products in the second quarter valued at approximately $367,000. Finally, Handelsbanken Fonder AB boosted its holdings in shares of Reynolds Consumer Products by 68.9% in the third quarter. Handelsbanken Fonder AB now owns 22,800 shares of the company’s stock valued at $709,000 after purchasing an additional 9,300 shares during the period. 26.81% of the stock is currently owned by institutional investors.

Reynolds Consumer Products Price Performance

REYN stock opened at $27.49 on Wednesday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 2.04. The company’s fifty day moving average price is $27.34 and its 200-day moving average price is $28.80. Reynolds Consumer Products has a one year low of $25.88 and a one year high of $32.65. The company has a market capitalization of $5.78 billion, a PE ratio of 15.71 and a beta of 0.50.

Reynolds Consumer Products (NASDAQ:REYN) last announced its quarterly 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 during the quarter, compared to analysts’ expectations of $902.88 million. Reynolds Consumer Products had a return on equity of 18.27% and a net margin of 10.03%. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.37 EPS. On average, equities analysts anticipate that Reynolds Consumer Products will post 1.69 EPS for the current fiscal year.

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.