Reynolds Consumer Products Inc. (NASDAQ:REYN) Receives $28.33 Consensus Price Target from Brokerages

Shares of Reynolds Consumer Products Inc. (NASDAQ:REYN - Get Free Report) have been assigned an average rating of "Hold" from the nine analysts that are covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $28.33.

Several analysts have issued reports on REYN shares. Truist Financial lowered their target price on shares of Reynolds Consumer Products from $35.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Stifel Nicolaus lowered their target price on shares of Reynolds Consumer Products from $31.00 to $27.00 and set a "hold" rating on the stock in a research note on Thursday, April 10th. Barclays lowered their target price on shares of Reynolds Consumer Products from $27.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. JPMorgan Chase & Co. lowered their target price on shares of Reynolds Consumer Products from $26.00 to $24.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $30.00 target price on shares of Reynolds Consumer Products in a research note on Monday, April 28th.

Reynolds Consumer Products Trading Up 1.2%

REYN stock traded up $0.26 during trading on Tuesday, hitting $21.74. The company had a trading volume of 1,132,577 shares, compared to its average volume of 653,796. Reynolds Consumer Products has a one year low of $21.44 and a one year high of $32.65. The business has a 50-day moving average of $23.03 and a 200-day moving average of $25.01. The stock has a market cap of $4.57 billion, a PE ratio of 12.94 and a beta of 0.61. 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 - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.23 EPS for the quarter, hitting the consensus estimate of $0.23. Reynolds Consumer Products had a net margin of 9.56% and a return on equity of 17.14%. The company had revenue of $801.00 million during the quarter, compared to the consensus estimate of $821.99 million. During the same period in the previous year, the firm posted $0.23 earnings per share. The firm's revenue for the quarter was down 1.8% on a year-over-year basis. Research analysts predict that Reynolds Consumer Products will post 1.66 earnings per share for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 4.23%. The ex-dividend date was Friday, May 16th. Reynolds Consumer Products's dividend payout ratio is presently 57.50%.

Insider Buying and Selling

In other news, Director Rolf Stangl acquired 2,500 shares of the business's stock in a transaction on Tuesday, May 6th. The shares were acquired at an average price of $23.22 per share, for a total transaction of $58,050.00. Following the completion of the transaction, the director now directly owns 19,389 shares of the company's stock, valued at approximately $450,212.58. The trade was a 14.80% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Chris Mayrhofer purchased 18,218 shares of the business's stock in a transaction dated Thursday, May 29th. The stock was bought at an average price of $22.14 per share, for a total transaction of $403,346.52. Following the completion of the acquisition, the chief accounting officer now owns 18,218 shares of the company's stock, valued at approximately $403,346.52. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 25,766 shares of company stock worth $572,402. Insiders own 0.15% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in REYN. Envestnet Portfolio Solutions Inc. lifted its position in shares of Reynolds Consumer Products by 4.4% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,432 shares of the company's stock valued at $363,000 after buying an additional 566 shares during the last quarter. Barclays PLC lifted its position in shares of Reynolds Consumer Products by 173.9% during the third quarter. Barclays PLC now owns 63,121 shares of the company's stock valued at $1,963,000 after buying an additional 40,075 shares during the last quarter. Stifel Financial Corp lifted its position in shares of Reynolds Consumer Products by 65.0% during the fourth quarter. Stifel Financial Corp now owns 153,845 shares of the company's stock valued at $4,152,000 after buying an additional 60,616 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Reynolds Consumer Products during the fourth quarter valued at about $424,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Reynolds Consumer Products by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 591,906 shares of the company's stock valued at $15,976,000 after buying an additional 19,044 shares during the last quarter. 26.81% of the stock is currently owned by institutional investors.

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.