Reynolds Consumer Products Stock Price, News & Analysis (NASDAQ:REYN)

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Reynolds Consumer Products in the last year. There are currently 8 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" REYN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in REYN, but not buy additional shares or sell existing shares.
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8 brokers have issued 12-month price objectives for Reynolds Consumer Products' stock. Their REYN share price targets range from $25.00 to $32.00. On average, they anticipate the company's stock price to reach $28.56 in the next twelve months. This suggests a possible upside of 8.4% from the stock's current price.
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Reynolds Consumer Products' stock was trading at $29.98 at the start of the year. Since then, REYN stock has decreased by 12.1% and is now trading at $26.34.
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Reynolds Consumer Products saw a increase in short interest in November. As of November 15th, there was short interest totaling 1,870,000 shares, an increase of 45.0% from the October 31st total of 1,290,000 shares. Based on an average daily volume of 276,000 shares, the short-interest ratio is currently 6.8 days. Approximately 3.5% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 14th 2024.
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Reynolds Consumer Products Inc. (NASDAQ:REYN) announced its quarterly earnings results on Wednesday, November, 8th. The company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.01. The firm had revenue of $935 million for the quarter, compared to the consensus estimate of $932.38 million. Reynolds Consumer Products had a net margin of 7.02% and a trailing twelve-month return on equity of 14.62%. Reynolds Consumer Products's quarterly revenue was down 3.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.24 earnings per share.

Reynolds Consumer Products announced a quarterly dividend on Thursday, October 26th. Investors of record on Thursday, November 16th will be paid a dividend of $0.23 per share on Thursday, November 30th. This represents a $0.92 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date of this dividend is Wednesday, November 15th.
Read our dividend analysis for REYN.

Reynolds Consumer Products (NASDAQ:REYN) pays an annual dividend of $0.92 per share and currently has a dividend yield of 3.53%. The dividend payout ratio is 71.88%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, REYN will have a dividend payout ratio of 60.13% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for REYN.

ETFs with the largest weight of Reynolds Consumer Products (NASDAQ:REYN) stock in their portfolio include Schwab Ariel ESG ETF (SAEF).First Trust Value Line Dividend Index Fund (FVD).

Reynolds Consumer Products updated its fourth quarter earnings guidance on Wednesday, November, 8th. The company provided earnings per share guidance of $0.60-0.64 for the period, compared to the consensus estimate of $0.62. The company issued revenue guidance of down 7-9% yr/yr to ~$991 million to $1.01 billion, compared to the consensus revenue estimate of $1.09 billion.

55 employees have rated Reynolds Consumer Products Chief Executive Officer Lance Mitchell on Glassdoor.com. Lance Mitchell has an approval rating of 90% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Reynolds Consumer Products investors own include NVIDIA (NVDA), Block (SQ), Gilead Sciences (GILD), Micron Technology (MU), Nokia Oyj (NOK), Skyworks Solutions (SWKS), Slack Technologies (WORK), Zoom Video Communications (ZM), AbbVie (ABBV) and Adobe (ADBE).

(REYN) raised $1.3 billion in an initial public offering (IPO) on Friday, January 31st 2020. The company issued 47,200,000 shares at a price of $25.00-$28.00 per share. Credit Suisse, Goldman Sachs and J.P. Morgan served as the underwriters for the IPO and Barclays, Citigroup, Evercore ISI, RBC Capital Markets, HSBC, Stifel, SunTrust Robinson Humphrey and Academy Securities were co-managers.

Reynolds Consumer Products' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (6.12%), FMR LLC (3.07%), Fuller & Thaler Asset Management Inc. (0.49%), London Co. of Virginia (0.45%), Bank of New York Mellon Corp (0.28%) and TD Asset Management Inc (0.25%). Insiders that own company stock include Chris Mayrhofer, Michael E Graham and Stephen C Estes.
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Shares of REYN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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