NASDAQ:REYN

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

$28.71
+0.08 (+0.28%)
(As of 04/24/2024 ET)
Today's Range
$28.54
$28.80
50-Day Range
$27.95
$29.58
52-Week Range
$24.80
$30.54
Volume
429,119 shs
Average Volume
450,761 shs
Market Capitalization
$6.03 billion
P/E Ratio
20.22
Dividend Yield
3.20%
Price Target
$29.80

Reynolds Consumer Products MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
3.8% Upside
$29.80 Price Target
Short Interest
Healthy
3.51% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.35
Upright™ Environmental Score
News Sentiment
-0.20mentions of Reynolds Consumer Products in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
6.21%
From $1.61 to $1.71 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.64 out of 5 stars

Consumer Discretionary Sector

214th out of 267 stocks

Bags: Plastic, Laminated, & Coated Industry

2nd out of 2 stocks

REYN stock logo

About Reynolds Consumer Products Stock (NASDAQ:REYN)

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. The Hefty Waste & Storage segment offers trash bags under the Hefty Ultra Strong and Hefty Strong brands; and food storage bags under the Hefty and Baggies brands. This segment also provides a suite of products, including compostable bags, bags made from recycled materials, and the orange bags. The Hefty Tableware segment offers disposable and compostable plates, bowls, platters, cups, and cutlery under the Hefty brand. The Presto Products segment primarily sells store brand products in food storage bags, trash bags, reusable storage containers, and plastic wrap categories. It offers both branded and store brand products to grocery stores, mass merchants, warehouse clubs, discount chains, dollar stores, drug stores, home improvement stores, military outlets, and eCommerce retailers. The company was founded in 1947 and is headquartered in Lake Forest, Illinois. Reynolds Consumer Products Inc. operates as a subsidiary of Packaging Finance Limited.

REYN Stock Price History

REYN Stock News Headlines

Will this $2 AI stock double overnight?
It's a tiny AI company fighting for a big piece of a $20 Billion Pentagon contract. What's more, this groundbreaking firm is trading for less than $2 a share!
Will this $2 AI stock double overnight?
It's a tiny AI company fighting for a big piece of a $20 Billion Pentagon contract. What's more, this groundbreaking firm is trading for less than $2 a share!
Consumer Reports: Best sunscreens
Reynolds Consumer Products Hosts 2024 Investor Day
REYN Apr 2024 25.000 put
See More Headlines
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Company Calendar

Last Earnings
2/07/2024
Ex-Dividend for 2/29 Dividend
2/14/2024
Dividend Payable
2/29/2024
Today
4/25/2024
Next Earnings (Confirmed)
5/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Bags: plastic, laminated, & coated
Sub-Industry
N/A
Current Symbol
NASDAQ:REYN
Fax
N/A
Employees
6,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$29.80
High Stock Price Target
$31.00
Low Stock Price Target
$28.00
Potential Upside/Downside
+3.8%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
5 Analysts

Profitability

Net Income
$298 million
Pretax Margin
10.46%

Debt

Sales & Book Value

Annual Sales
$3.76 billion
Cash Flow
$2.04 per share
Book Value
$9.44 per share

Miscellaneous

Free Float
209,711,000
Market Cap
$6.03 billion
Optionable
Optionable
Beta
0.49
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Key Executives


REYN Stock Analysis - Frequently Asked Questions

Should I buy or sell Reynolds Consumer Products stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Reynolds Consumer Products in the last twelve months. There are currently 5 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.
View REYN analyst ratings
or view top-rated stocks.

What is Reynolds Consumer Products' stock price target for 2024?

5 equities research analysts have issued 12-month price targets for Reynolds Consumer Products' shares. Their REYN share price targets range from $28.00 to $31.00. On average, they predict the company's share price to reach $29.80 in the next year. This suggests a possible upside of 3.8% from the stock's current price.
View analysts price targets for REYN
or view top-rated stocks among Wall Street analysts.

How have REYN shares performed in 2024?

Reynolds Consumer Products' stock was trading at $26.84 at the beginning of the year. Since then, REYN shares have increased by 7.0% and is now trading at $28.71.
View the best growth stocks for 2024 here
.

Are investors shorting Reynolds Consumer Products?

Reynolds Consumer Products saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 1,900,000 shares, an increase of 58.3% from the March 15th total of 1,200,000 shares. Based on an average daily trading volume, of 609,600 shares, the days-to-cover ratio is currently 3.1 days. Currently, 3.5% of the company's shares are short sold.
View Reynolds Consumer Products' Short Interest
.

When is Reynolds Consumer Products' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our REYN earnings forecast
.

How can I listen to Reynolds Consumer Products' earnings call?

Reynolds Consumer Products will be holding an earnings conference call on Wednesday, May 8th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Reynolds Consumer Products' earnings last quarter?

Reynolds Consumer Products Inc. (NASDAQ:REYN) announced its earnings results on Wednesday, February, 7th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.03. The firm earned $1.01 billion during the quarter, compared to the consensus estimate of $1.01 billion. Reynolds Consumer Products had a trailing twelve-month return on equity of 15.77% and a net margin of 7.98%. Reynolds Consumer Products's revenue was down 7.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 EPS.

How often does Reynolds Consumer Products pay dividends? What is the dividend yield for Reynolds Consumer Products?

Reynolds Consumer Products announced a quarterly dividend on Thursday, January 25th. Investors of record on Thursday, February 15th will be given a dividend of $0.23 per share on Thursday, February 29th. This represents a $0.92 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date is Wednesday, February 14th.
Read our dividend analysis for REYN
.

Is Reynolds Consumer Products a good dividend stock?

Reynolds Consumer Products (NASDAQ:REYN) pays an annual dividend of $0.92 per share and currently has a dividend yield of 3.26%. The dividend payout ratio is 64.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, REYN will have a dividend payout ratio of 53.80% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for REYN.

What ETFs hold Reynolds Consumer Products' stock?

ETFs with the largest weight of Reynolds Consumer Products (NASDAQ:REYN) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), First Trust Consumer Staples AlphaDEX Fund (FXG) and Gotham 1000 Value ETF (GVLU).Mid Cap US Equity Select ETF (RNMC).

What guidance has Reynolds Consumer Products issued on next quarter's earnings?

Reynolds Consumer Products updated its FY 2024 earnings guidance on Thursday, March, 28th. The company provided earnings per share guidance of 1.570-1.650 for the period, compared to the consensus estimate of 1.620. The company issued revenue guidance of $3.5 billion-$3.6 billion, compared to the consensus revenue estimate of $3.6 billion.

What is Lance Mitchell's approval rating as Reynolds Consumer Products' CEO?

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.

What other stocks do shareholders of Reynolds Consumer Products own?

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).

When did Reynolds Consumer Products IPO?

Reynolds Consumer Products (REYN) raised $1.3 billion in an initial public offering (IPO) on Friday, January 31st 2020. The company issued 47,200,000 shares at $25.00-$28.00 per share. Credit Suisse, Goldman Sachs and J.P. Morgan acted 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.

Who are Reynolds Consumer Products' major shareholders?

Reynolds Consumer Products' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (6.23%), Eagle Ridge Investment Management (0.18%), Olstein Capital Management L.P. (0.14%), Hennion & Walsh Asset Management Inc. (0.03%), Diamant Asset Management Inc. (0.02%) and Compass Wealth Management LLC (0.01%). Insiders that own company stock include Chris Mayrhofer, Michael E Graham and Stephen C Estes.
View institutional ownership trends
.

How do I buy shares of Reynolds Consumer Products?

Shares of REYN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:REYN) was last updated on 4/25/2024 by MarketBeat.com Staff

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