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

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

REYN has been the topic of a number of recent research reports. Barclays decreased 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 note on Thursday, October 31st. 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 target price on the stock.

Insider Activity

In other Reynolds Consumer Products news, Director Rolf Stangl purchased 7,207 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was purchased at an average cost of $27.25 per share, with a total value 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Helen Golding acquired 1,190 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was acquired at an average cost of $27.58 per share, for a total transaction of $32,820.20. Following the transaction, the director now directly owns 1,190 shares in the company, valued at $32,820.20. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On Reynolds Consumer Products

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. True Wealth Design LLC purchased a new position in shares of Reynolds Consumer Products during the third quarter worth approximately $29,000. GAMMA Investing LLC grew its stake in Reynolds Consumer Products by 510.2% in the second quarter. GAMMA Investing LLC now owns 958 shares of the company’s stock worth $27,000 after purchasing an additional 801 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new position in Reynolds Consumer Products during the 2nd quarter worth $54,000. Capital Performance Advisors LLP bought a new stake in Reynolds Consumer Products during the 3rd quarter valued at $70,000. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Reynolds Consumer Products by 93.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,561 shares of the company’s stock worth $80,000 after buying an additional 1,239 shares during the period. Institutional investors own 26.81% of the company’s stock.

Reynolds Consumer Products Trading Up 1.3 %

Shares of REYN stock opened at $27.78 on Tuesday. The company has a current ratio of 2.04, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $5.84 billion, a price-to-earnings ratio of 15.87 and a beta of 0.50. Reynolds Consumer Products has a 12-month low of $26.16 and a 12-month high of $32.65. The stock’s 50-day moving average price is $28.64 and its 200-day moving average price is $29.01.

Reynolds Consumer Products (NASDAQ:REYN) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). The firm had revenue of $910.00 million during the quarter, compared to the consensus estimate of $902.88 million. Reynolds Consumer Products had a return on equity of 18.27% and a net margin of 10.03%. The business’s revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.37 EPS. Equities research analysts predict that Reynolds Consumer Products will post 1.69 EPS for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date was Friday, November 15th. Reynolds Consumer Products’s dividend payout ratio (DPR) is 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.