Reynolds Consumer Products Inc. (NASDAQ:REYN) Given Average Rating of "Hold" by Brokerages

Reynolds Consumer Products Inc. (NASDAQ:REYN - Get Free Report) has earned an average rating of "Hold" from the nine analysts that are presently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $28.33.

Several brokerages recently weighed in on REYN. Wall Street Zen raised Reynolds Consumer Products from a "sell" rating to a "hold" rating in a report on Friday, May 30th. Canaccord Genuity Group reduced their target price on shares of Reynolds Consumer Products from $27.00 to $26.00 and set a "hold" rating for the company in a research note on Thursday, May 1st. Stifel Nicolaus dropped their price target 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 reduced 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 report on Thursday, February 6th. Finally, Truist Financial lowered their price objective 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.

Reynolds Consumer Products Stock Performance

Shares of NASDAQ REYN traded up $0.12 during trading hours on Tuesday, reaching $22.02. The stock had a trading volume of 864,799 shares, compared to its average volume of 744,801. The firm has a 50-day moving average of $23.11 and a 200-day moving average of $25.07. The firm has a market cap of $4.63 billion, a price-to-earnings ratio of 13.11 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 has a fifty-two week low of $21.49 and a fifty-two week high of $32.65.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.23 EPS for the quarter, meeting the consensus estimate of $0.23. Reynolds Consumer Products had a return on equity of 17.14% and a net margin of 9.56%. The firm had revenue of $801.00 million during the quarter, compared to the consensus estimate of $821.99 million. During the same period in the prior year, the business earned $0.23 EPS. The firm's revenue was down 1.8% compared to the same quarter last year. Equities research analysts predict that Reynolds Consumer Products will post 1.66 earnings per share for the current year.

Reynolds Consumer Products Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were issued a $0.23 dividend. The ex-dividend date was Friday, May 16th. This represents a $0.92 dividend on an annualized basis and a yield of 4.18%. Reynolds Consumer Products's dividend payout ratio (DPR) is presently 57.50%.

Insider Activity

In other news, Director Rolf Stangl acquired 2,500 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The stock was purchased at an average cost of $23.22 per share, with a total value of $58,050.00. Following the purchase, the director now directly owns 19,389 shares of the company's stock, valued at approximately $450,212.58. This trade represents a 14.80% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Chris Mayrhofer bought 5,048 shares of the firm's stock in a transaction on Friday, May 30th. The shares were purchased at an average price of $21.99 per share, for a total transaction of $111,005.52. Following the completion of the transaction, the chief accounting officer now owns 23,266 shares of the company's stock, valued at $511,619.34. This represents a 27.71% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders purchased 25,766 shares of company stock worth $572,402. Company insiders own 0.15% of the company's stock.

Hedge Funds Weigh In On Reynolds Consumer Products

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in REYN. Blue Trust Inc. grew its position in shares of Reynolds Consumer Products by 115.2% in the fourth quarter. Blue Trust Inc. now owns 1,304 shares of the company's stock valued at $35,000 after purchasing an additional 698 shares during the last quarter. Versant Capital Management Inc increased its position in Reynolds Consumer Products by 38.1% during the first quarter. Versant Capital Management Inc now owns 2,543 shares of the company's stock worth $61,000 after buying an additional 701 shares in the last quarter. Quarry LP raised its holdings in shares of Reynolds Consumer Products by 187.0% in the fourth quarter. Quarry LP now owns 2,531 shares of the company's stock worth $68,000 after acquiring an additional 1,649 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Reynolds Consumer Products by 667.1% in the fourth quarter. Farther Finance Advisors LLC now owns 2,585 shares of the company's stock valued at $70,000 after acquiring an additional 2,248 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in shares of Reynolds Consumer Products by 36.0% during the fourth quarter. Venturi Wealth Management LLC now owns 3,482 shares of the company's stock valued at $94,000 after acquiring an additional 921 shares during the last quarter. Institutional investors and hedge funds own 26.81% of the company's stock.

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.