Reynolds Consumer Products (NASDAQ:REYN) Reaches New 52-Week Low - Time to Sell?

Reynolds Consumer Products Inc. (NASDAQ:REYN - Get Free Report)'s stock price reached a new 52-week low on Friday . The company traded as low as $21.63 and last traded at $21.74, with a volume of 83149 shares changing hands. The stock had previously closed at $22.14.

Analysts Set New Price Targets

REYN has been the topic of a number of analyst reports. JPMorgan Chase & Co. decreased 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 report on Friday, April 11th. Stifel Nicolaus reduced their price target on 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. UBS Group lowered their price objective on Reynolds Consumer Products from $26.00 to $25.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. Barclays reduced their target price on Reynolds Consumer Products from $27.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. Finally, Evercore ISI dropped their price objective on shares of Reynolds Consumer Products from $33.00 to $30.00 and set an "outperform" rating for the company in a research note on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Reynolds Consumer Products has a consensus rating of "Hold" and a consensus target price of $28.33.

Reynolds Consumer Products Stock Down 1.3%

The stock has a fifty day moving average price of $23.26 and a 200-day moving average price of $25.26. The firm has a market cap of $4.64 billion, a PE ratio of 13.13 and a beta of 0.61. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.99 and a current ratio of 2.04.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.23 earnings per share (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 earned $0.23 earnings per share. Reynolds Consumer Products's revenue for the quarter was down 1.8% on a year-over-year basis. Research analysts expect that Reynolds Consumer Products Inc. will post 1.66 EPS for the current year.

Reynolds Consumer Products Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend is Friday, May 16th. Reynolds Consumer Products's payout ratio is 57.50%.

Insider Activity

In related news, Director Rolf Stangl purchased 2,500 shares of the firm's stock in a transaction 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 acquisition, the director now directly owns 19,389 shares in the company, valued at $450,212.58. The trade was a 14.80% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.15% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new position in Reynolds Consumer Products in the 4th quarter valued at about $17,964,000. Dimensional Fund Advisors LP grew its position in shares of Reynolds Consumer Products by 13.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,356,040 shares of the company's stock worth $63,586,000 after buying an additional 275,601 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Reynolds Consumer Products in the first quarter worth $4,522,000. Jacobs Levy Equity Management Inc. raised its holdings in Reynolds Consumer Products by 141.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 314,756 shares of the company's stock valued at $7,510,000 after acquiring an additional 184,359 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in Reynolds Consumer Products by 1.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 13,107,822 shares of the company's stock valued at $351,564,000 after acquiring an additional 182,353 shares during the last quarter. 26.81% of the stock is owned by institutional investors and hedge funds.

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.