Reynolds Consumer Products Inc. (NASDAQ:REYN) Receives $30.38 Average Price Target from Analysts

Reynolds Consumer Products Inc. (NASDAQ:REYN) has been given an average rating of “Hold” by the eight brokerages that are covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $30.38.

REYN has been the subject of a number of analyst reports. Canaccord Genuity Group lowered their price target on shares of Reynolds Consumer Products from $31.00 to $30.00 and set a “hold” rating for the company in a report on Thursday, February 6th. Stifel Nicolaus dropped their target price on Reynolds Consumer Products from $32.00 to $31.00 and set a “hold” rating for the company in a report on Thursday, February 6th. JPMorgan Chase & Co. cut their target price on 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. UBS Group lowered their price target 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, Barclays dropped their price objective on shares of Reynolds Consumer Products from $27.00 to $25.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th.

Insider Transactions at Reynolds Consumer Products

In other news, Director Rolf Stangl purchased 6,000 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were bought at an average price of $24.89 per share, for a total transaction of $149,340.00. Following the completion of the transaction, the director now owns 16,889 shares in the company, valued at $420,367.21. This represents a 55.10 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.15% of the company’s stock.

Institutional Trading of Reynolds Consumer Products

Institutional investors have recently made changes to their positions in the company. Atria Investments Inc lifted its position in Reynolds Consumer Products by 16.1% during the third quarter. Atria Investments Inc now owns 11,286 shares of the company’s stock worth $351,000 after buying an additional 1,565 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Reynolds Consumer Products by 8.7% during the 3rd quarter. Victory Capital Management Inc. now owns 16,963 shares of the company’s stock worth $528,000 after acquiring an additional 1,351 shares during the period. Landscape Capital Management L.L.C. boosted its position in shares of Reynolds Consumer Products by 38.4% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 130,256 shares of the company’s stock valued at $4,051,000 after acquiring an additional 36,146 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Reynolds Consumer Products by 22.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 70,255 shares of the company’s stock valued at $2,185,000 after purchasing an additional 12,798 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Reynolds Consumer Products by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 572,862 shares of the company’s stock worth $17,816,000 after purchasing an additional 6,065 shares during the last quarter. 26.81% of the stock is owned by institutional investors and hedge funds.

Reynolds Consumer Products Trading Up 0.1 %

Shares of NASDAQ:REYN opened at $23.67 on Thursday. Reynolds Consumer Products has a 12-month low of $23.13 and a 12-month high of $32.65. The company has a market cap of $4.98 billion, a PE ratio of 14.09 and a beta of 0.56. The stock has a 50 day moving average of $25.30 and a 200 day moving average of $27.61. The company has a current ratio of 2.04, a quick ratio of 0.99 and a debt-to-equity ratio of 0.79.

Reynolds Consumer Products (NASDAQ:REYN) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting 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, equities research analysts expect that Reynolds Consumer Products will post 1.66 EPS for the current year.

Reynolds Consumer Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.23 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.89%. Reynolds Consumer Products’s payout ratio is currently 54.76%.

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.