Brokerages Set Reynolds Consumer Products Inc. (NASDAQ:REYN) Target Price at $32.17

Shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) have been assigned a consensus rating of “Hold” from the six research firms that are covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $32.17.

Several analysts recently issued reports on the stock. Barclays cut their price target on shares of Reynolds Consumer Products from $29.00 to $28.00 and set an “equal weight” rating on the stock in a report on Thursday, October 31st. Jefferies Financial Group initiated coverage on Reynolds Consumer Products in a research report on Thursday, August 29th. They issued a “buy” rating and a $38.00 target price on the stock.

Insider Transactions at Reynolds Consumer Products

In related news, Director Rolf Stangl acquired 7,207 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were bought at an average price of $27.25 per share, for a total transaction of $196,390.75. Following the acquisition, the director now owns 7,207 shares in the company, valued at $196,390.75. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Helen Golding bought 1,190 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was purchased at an average price of $27.58 per share, with a total value of $32,820.20. Following the completion of the purchase, the director now directly owns 1,190 shares of the company’s stock, valued at $32,820.20. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. World Investment Advisors LLC acquired a new stake in Reynolds Consumer Products during the third quarter valued at approximately $538,000. Barclays PLC boosted its stake in Reynolds Consumer Products by 173.9% in the 3rd quarter. Barclays PLC now owns 63,121 shares of the company’s stock valued at $1,963,000 after buying an additional 40,075 shares in the last quarter. MML Investors Services LLC grew its position in Reynolds Consumer Products by 1.3% in the third 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. XTX Topco Ltd acquired a new position in Reynolds Consumer Products during the third quarter worth $299,000. Finally, Jane Street Group LLC lifted its holdings in shares of Reynolds Consumer Products by 758.9% during the third quarter. Jane Street Group LLC now owns 167,722 shares of the company’s stock valued at $5,216,000 after acquiring an additional 148,194 shares during the period. Institutional investors and hedge funds own 26.81% of the company’s stock.

Reynolds Consumer Products Stock Performance

Shares of NASDAQ REYN opened at $28.03 on Tuesday. The company has a 50-day simple moving average of $28.40 and a 200-day simple moving average of $29.01. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.04 and a quick ratio of 0.89. The company has a market cap of $5.89 billion, a PE ratio of 16.02 and a beta of 0.50. Reynolds Consumer Products has a 12 month low of $26.27 and a 12 month high of $32.65.

Reynolds Consumer Products (NASDAQ:REYN) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.01). Reynolds Consumer Products had a net margin of 10.03% and a return on equity of 18.27%. The firm had revenue of $910.00 million during the quarter, compared to analyst estimates of $902.88 million. During the same period in the prior year, the firm earned $0.37 earnings per share. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, equities analysts anticipate that Reynolds Consumer Products will post 1.69 earnings per share for the current year.

Reynolds Consumer Products Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend was Friday, November 15th. Reynolds Consumer Products’s dividend payout ratio is 52.57%.

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.