Analysts Set Reynolds Consumer Products Inc. (NASDAQ:REYN) Target Price at $27.67

Reynolds Consumer Products Inc. (NASDAQ:REYN - Get Free Report) has received a consensus recommendation of "Hold" from the nine analysts that are currently covering the company, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $27.67.

A number of brokerages recently commented on REYN. UBS Group reduced their price target on Reynolds Consumer Products from $25.00 to $23.00 and set a "neutral" rating for the company in a report on Thursday, July 17th. JPMorgan Chase & Co. reduced their price target on Reynolds Consumer Products from $26.00 to $24.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Barclays reduced their target price on Reynolds Consumer Products from $22.00 to $21.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 15th. Stifel Nicolaus reduced their target price on Reynolds Consumer Products from $31.00 to $27.00 and set a "hold" rating on the stock in a report on Thursday, April 10th. Finally, Truist Financial reduced their target price on Reynolds Consumer Products from $35.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, April 24th.

Insider Activity at Reynolds Consumer Products

In other Reynolds Consumer Products news, CAO Chris Mayrhofer bought 5,048 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were purchased at an average cost of $21.99 per share, for a total transaction of $111,005.52. Following the transaction, the chief accounting officer directly owned 23,266 shares in the company, valued at $511,619.34. The trade was a 27.71% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Rolf Stangl bought 4,500 shares of the stock in a transaction that occurred on Friday, June 20th. The stock was acquired at an average price of $21.24 per share, for a total transaction of $95,580.00. Following the completion of the transaction, the director owned 30,889 shares in the company, valued at $656,082.36. This trade represents a 17.05% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders purchased 34,766 shares of company stock worth $765,632. Company insiders own 0.15% of the company's stock.

Institutional Trading of Reynolds Consumer Products

Large investors have recently added to or reduced their stakes in the business. Quarry LP increased its position in Reynolds Consumer Products by 187.0% in the 4th quarter. Quarry LP now owns 2,531 shares of the company's stock valued at $68,000 after acquiring an additional 1,649 shares during the period. Versant Capital Management Inc increased its position in Reynolds Consumer Products by 38.1% in the 1st quarter. Versant Capital Management Inc now owns 2,543 shares of the company's stock valued at $61,000 after acquiring an additional 701 shares during the period. GAMMA Investing LLC increased its position in Reynolds Consumer Products by 231.8% in the 2nd quarter. GAMMA Investing LLC now owns 2,814 shares of the company's stock valued at $60,000 after acquiring an additional 1,966 shares during the period. Parallel Advisors LLC increased its position in shares of Reynolds Consumer Products by 1,995.7% during the 2nd quarter. Parallel Advisors LLC now owns 3,395 shares of the company's stock valued at $73,000 after purchasing an additional 3,233 shares during the period. Finally, Covestor Ltd increased its position in shares of Reynolds Consumer Products by 12.3% during the 1st quarter. Covestor Ltd now owns 4,670 shares of the company's stock valued at $111,000 after purchasing an additional 513 shares during the period. 26.81% of the stock is currently owned by institutional investors and hedge funds.

Reynolds Consumer Products Stock Down 0.0%

REYN traded down $0.01 on Wednesday, reaching $22.16. The company's stock had a trading volume of 991,759 shares, compared to its average volume of 1,509,314. The stock has a market cap of $4.66 billion, a price-to-earnings ratio of 13.85 and a beta of 0.57. Reynolds Consumer Products has a 1 year low of $20.91 and a 1 year high of $32.65. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.80 and a quick ratio of 0.72. The business's 50 day moving average is $21.80 and its 200 day moving average is $23.54.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.23 EPS for the quarter, meeting analysts' consensus estimates of $0.23. The firm had revenue of $801.00 million during the quarter, compared to the consensus estimate of $821.99 million. Reynolds Consumer Products had a return on equity of 16.87% and a net margin of 9.11%. Reynolds Consumer Products's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.23 earnings per share. As a group, research analysts forecast that Reynolds Consumer Products will post 1.66 EPS for the current fiscal year.

Reynolds Consumer Products Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 4.15%. The ex-dividend date of this dividend is Friday, August 15th. Reynolds Consumer Products's dividend payout ratio (DPR) is 57.50%.

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.