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

Shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) have earned an average recommendation of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $30.38.

REYN has been the topic of several analyst reports. Canaccord Genuity Group lowered their target price on shares of Reynolds Consumer Products from $31.00 to $30.00 and set a “hold” rating on the stock in a report on Thursday, February 6th. Barclays reduced their target price on shares of 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. Royal Bank of Canada reissued a “sector perform” rating and issued a $32.00 price target on shares of Reynolds Consumer Products in a report on Monday, February 3rd. UBS Group reduced their price objective on Reynolds Consumer Products from $30.00 to $29.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Finally, Stifel Nicolaus lowered their target price on Reynolds Consumer Products from $32.00 to $31.00 and set a “hold” rating for the company in a research note on Thursday, February 6th.

Reynolds Consumer Products Trading Down 0.5 %

Reynolds Consumer Products stock opened at $23.54 on Thursday. The stock has a market cap of $4.95 billion, a price-to-earnings ratio of 14.01 and a beta of 0.56. Reynolds Consumer Products has a 12 month low of $23.13 and a 12 month high of $32.65. The business has a 50 day moving average price of $25.24 and a two-hundred day moving average price of $27.51. The company has a quick ratio of 0.99, a current ratio of 2.04 and a debt-to-equity ratio of 0.79.

Reynolds Consumer Products (NASDAQ:REYN) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.58 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.58. Reynolds Consumer Products had a net margin of 9.56% and a return on equity of 17.14%. As a group, equities analysts forecast that Reynolds Consumer Products will post 1.66 EPS for the current year.

Reynolds Consumer Products Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date was Friday, February 14th. Reynolds Consumer Products’s dividend payout ratio (DPR) is currently 54.76%.

Insider Buying and Selling

In other news, Director Rolf Stangl acquired 6,000 shares of Reynolds Consumer Products stock in a transaction that occurred on Monday, February 10th. The shares were acquired at an average price of $24.89 per share, with a total value of $149,340.00. Following the purchase, the director now directly owns 16,889 shares of the company’s stock, valued at $420,367.21. The trade was a 55.10 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.15% of the stock is owned by insiders.

Hedge Funds Weigh In On Reynolds Consumer Products

Institutional investors and hedge funds have recently made changes to their positions in the company. Ariel Investments LLC boosted its holdings in shares of Reynolds Consumer Products by 6.1% in the fourth quarter. Ariel Investments LLC now owns 7,446 shares of the company’s stock valued at $201,000 after buying an additional 426 shares during the period. Isthmus Partners LLC grew its position in shares of Reynolds Consumer Products by 0.6% in the 4th quarter. Isthmus Partners LLC now owns 87,307 shares of the company’s stock valued at $2,356,000 after acquiring an additional 533 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in Reynolds Consumer Products by 4.4% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,432 shares of the company’s stock worth $363,000 after buying an additional 566 shares during the last quarter. MML Investors Services LLC raised its stake in Reynolds Consumer Products by 1.3% in the 3rd quarter. MML Investors Services LLC now owns 48,700 shares of the company’s stock valued at $1,515,000 after acquiring an additional 641 shares during the period. Finally, Blue Trust Inc. boosted its position in Reynolds Consumer Products by 115.2% during the fourth quarter. Blue Trust Inc. now owns 1,304 shares of the company’s stock worth $35,000 after purchasing an additional 698 shares during the period. 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.