Reynolds Consumer Products Inc. (NASDAQ:REYN) Receives $32.17 Average Target Price from Brokerages

Reynolds Consumer Products Inc. (NASDAQ:REYN) has been given a consensus recommendation of “Hold” by the six research firms that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $32.17.

Separately, Barclays dropped 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 research report on Thursday, October 31st.

Insider Activity

In other news, Director Helen Golding bought 1,190 shares of the stock in a transaction on Thursday, November 14th. The shares were acquired at an average cost of $27.58 per share, for a total transaction of $32,820.20. Following the purchase, the director now directly owns 1,190 shares of the company’s stock, valued at $32,820.20. This trade represents a ? increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rolf Stangl purchased 7,207 shares of Reynolds Consumer Products stock in a transaction dated Friday, November 1st. The shares were purchased at an average price of $27.25 per share, with a total value of $196,390.75. Following the completion of the transaction, the director now directly owns 7,207 shares in the company, valued at approximately $196,390.75. This represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 12,079 shares of company stock valued at $330,466 in the last three months. Company insiders own 0.20% of the company’s stock.

Institutional Trading of Reynolds Consumer Products

A number of large investors have recently modified their holdings of REYN. True Wealth Design LLC purchased a new position in shares of Reynolds Consumer Products during the 3rd quarter valued at about $29,000. Abich Financial Wealth Management LLC purchased a new stake in shares of Reynolds Consumer Products in the 2nd quarter valued at $54,000. Capital Performance Advisors LLP bought a new position in shares of Reynolds Consumer Products during the 3rd quarter valued at $70,000. Venturi Wealth Management LLC lifted its stake in Reynolds Consumer Products by 93.7% in the third quarter. Venturi Wealth Management LLC now owns 2,561 shares of the company’s stock worth $80,000 after purchasing an additional 1,239 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its position in Reynolds Consumer Products by 3,009.9% during the third quarter. International Assets Investment Management LLC now owns 2,830 shares of the company’s stock valued at $91,000 after buying an additional 2,739 shares during the period. Institutional investors own 26.81% of the company’s stock.

Reynolds Consumer Products Price Performance

Reynolds Consumer Products stock opened at $25.93 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 2.04. The stock has a market capitalization of $5.45 billion, a price-to-earnings ratio of 14.82 and a beta of 0.50. The stock’s 50 day moving average price is $27.52 and its two-hundred day moving average price is $28.88. Reynolds Consumer Products has a 52-week low of $25.88 and a 52-week high of $32.65.

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

Reynolds Consumer Products Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date was Friday, November 15th. Reynolds Consumer Products’s dividend payout ratio (DPR) is currently 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.