Reynolds Consumer Products Inc. (NASDAQ:REYN) Stock Has Consensus Target Price of $25.20

Key Points

• Analyst sentiment is mostly neutral: Eight analysts give Reynolds Consumer Products a consensus “Hold” rating, with an average 12-month price target of $25.20.
• Quarterly results slightly beat expectations: Reynolds reported EPS of $0.39 versus estimates of $0.38 and revenue of $944 million versus estimates of $939.23 million; revenue rose 1.4% year over year.
• The company declared a quarterly dividend of $0.23 per share, equivalent to $0.92 annually and a 3.7% yield.

Reynolds Consumer Products Inc. (NASDAQ:REYN - Get Free Report) has been given an average rating of "Hold" by the eight analysts that are currently covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $25.20.

Several brokerages have commented on REYN. Piper Sandler upgraded shares of Reynolds Consumer Products to an "overweight" rating in a research report on Thursday, July 30th. UBS Group increased their price objective on shares of Reynolds Consumer Products from $24.00 to $27.00 and gave the company a "neutral" rating in a research note on Thursday, November 5th. Canaccord Genuity Group increased their price target on Reynolds Consumer Products from $24.00 to $25.00 and gave the company a "hold" rating in a research note on Thursday, July 30th. Weiss Ratings reissued a "hold (c)" rating on shares of Reynolds Consumer Products in a report on Friday, September 25th. Finally, Barclays reduced their price objective on Reynolds Consumer Products from $26.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 15th.

Reynolds Consumer Products Trading Up 2.7%

Shares of Reynolds Consumer Products stock opened at $24.76 on Tuesday. The company has a quick ratio of 0.71, a current ratio of 1.80 and a debt-to-equity ratio of 0.66. Reynolds Consumer Products has a 12-month low of $20.44 and a 12-month high of $27.32. The company has a market capitalization of $5.22 billion, a price-to-earnings ratio of 16.18 and a beta of 0.56. The firm's 50-day moving average price is $22.60 and its two-hundred day moving average price is $23.24.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last issued its earnings results on Wednesday, November 4th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. Reynolds Consumer Products had a net margin of 8.53% and a return on equity of 15.55%. The company had revenue of $944.00 million during the quarter, compared to analysts' expectations of $939.23 million. During the same period in the previous year, the company earned $0.42 EPS. The business's revenue for the quarter was up 1.4% compared to the same quarter last year. On average, analysts forecast that Reynolds Consumer Products will post 1.60 earnings per share for the current fiscal year.

Reynolds Consumer Products Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Monday, November 16th. Reynolds Consumer Products's payout ratio is 60.13%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Reynolds Consumer Products during the 2nd quarter worth about $31,000. Global Retirement Partners LLC acquired a new stake in shares of Reynolds Consumer Products in the second quarter valued at about $34,000. Allworth Financial LP acquired a new stake in shares of Reynolds Consumer Products in the second quarter valued at about $39,000. Signaturefd LLC increased its stake in shares of Reynolds Consumer Products by 120.3% in the third quarter. Signaturefd LLC now owns 1,776 shares of the company's stock valued at $38,000 after buying an additional 970 shares during the period. Finally, Rockefeller Capital Management L.P. raised its position in shares of Reynolds Consumer Products by 119.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,794 shares of the company's stock worth $41,000 after acquiring an additional 978 shares during the last quarter. Institutional investors and hedge funds own 26.81% of the company's stock.

Reynolds Consumer Products Company Profile

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.