Reynolds Consumer Products Inc. (NASDAQ:REYN - Get Free Report)'s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as $20.91 and last traded at $21.06, with a volume of 1064658 shares changing hands. The stock had previously closed at $21.12.
Wall Street Analyst Weigh In
REYN has been the topic of several research reports. Royal Bank Of Canada reiterated a "sector perform" rating and set a $30.00 price target on shares of Reynolds Consumer Products in a research report on Monday, April 28th. Stifel Nicolaus reduced 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 report on Thursday, April 10th. Wall Street Zen upgraded shares of Reynolds Consumer Products from a "sell" rating to a "hold" rating in a research report on Friday, May 30th. Canaccord Genuity Group reduced their price target on shares of Reynolds Consumer Products from $27.00 to $26.00 and set a "hold" rating on the stock in a research report on Thursday, May 1st. Finally, Truist Financial reduced their price target on shares of Reynolds Consumer Products from $35.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Reynolds Consumer Products currently has an average rating of "Hold" and an average target price of $28.33.
Get Our Latest Analysis on Reynolds Consumer Products
Reynolds Consumer Products Trading Down 0.3%
The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.72 and a current ratio of 1.80. The company has a market capitalization of $4.43 billion, a price-to-earnings ratio of 13.16 and a beta of 0.58. The business's 50-day simple moving average is $22.70 and its 200-day simple moving average is $24.63.
Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.23. Reynolds Consumer Products had a net margin of 9.11% and a return on equity of 16.87%. The company had revenue of $801.00 million for the quarter, compared to the consensus estimate of $821.99 million. During the same period in the prior year, the company posted $0.23 EPS. The company's revenue was down 1.8% compared to the same quarter last year. On average, research analysts expect that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current fiscal year.
Reynolds Consumer Products Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were given a dividend of $0.23 per share. The ex-dividend date was Friday, May 16th. This represents a $0.92 dividend on an annualized basis and a yield of 4.37%. Reynolds Consumer Products's payout ratio is presently 57.50%.
Insider Buying and Selling at Reynolds Consumer Products
In other news, CAO Chris Mayrhofer purchased 5,048 shares of the business's stock in a transaction that occurred on Friday, May 30th. The shares were acquired at an average cost of $21.99 per share, for a total transaction of $111,005.52. Following the transaction, the chief accounting officer now directly owns 23,266 shares of the company's stock, valued at approximately $511,619.34. The trade was a 27.71% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Rolf Stangl purchased 2,500 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The stock was purchased 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 in the company, valued at $450,212.58. This trade represents a 14.80% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 30,266 shares of company stock worth $670,052. Company insiders own 0.15% of the company's stock.
Institutional Trading of Reynolds Consumer Products
A number of hedge funds have recently modified their holdings of the company. Voya Investment Management LLC raised its position in shares of Reynolds Consumer Products by 7.9% in the 1st quarter. Voya Investment Management LLC now owns 46,900 shares of the company's stock valued at $1,119,000 after acquiring an additional 3,438 shares during the period. Jane Street Group LLC raised its position in shares of Reynolds Consumer Products by 488.4% in the 1st quarter. Jane Street Group LLC now owns 125,724 shares of the company's stock valued at $3,000,000 after acquiring an additional 104,357 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Reynolds Consumer Products by 60.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 222,853 shares of the company's stock valued at $5,317,000 after acquiring an additional 83,633 shares during the period. Zurich Insurance Group Ltd FI acquired a new stake in shares of Reynolds Consumer Products in the 1st quarter valued at approximately $1,155,000. Finally, Kestra Investment Management LLC acquired a new stake in shares of Reynolds Consumer Products in the 1st quarter valued at approximately $346,000. 26.81% of the stock is currently owned by institutional investors and hedge funds.
Reynolds Consumer Products Company Profile
(
Get Free Report)
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.
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